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Parents: do you borrow money from your kids' piggy banks or savings accounts?
Comments
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We have savings accounts for each child that we put a little into each month and when the boys were small and money was really tight we did borrow from this now and again - but always put it back. If this money had come from elsewhere I might have felt differently though, somehow because we had put the money in there in the first place it didnt feel too bad.
Now the boys are older I might borrow a few quid from them if I was short of change but I would always ask. However, as someone else said I think they are far more likely to borrow from me than the other way around!0 -
Blimey, it's more emotive than you might think.
As my position is yes if course, but to discourage me from making a habit of it, I repay them with a lot of interest. As in wonga-levels. It certainly discourages me from raiding their savings casually, but since I've put the money where I can get at it in emergencies, when those appear, I borrow.0
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