We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

14 year old depositing money into his own bank account

124»

Comments

  • John_ said:
    LlamaV2 said:
    In the 500’s.
    That should be fine, but, may I ask, how have you got so much money together at your age?
    He's been playing Monopoly with his mum.
  • Sea_Shell
    Sea_Shell Posts: 10,053 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    How come so much cash. 

    Even if, say for example, your grandparents were gifting you large amounts your parents didn't know about, why not transfer it in directly?
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • Hasbeen
    Hasbeen Posts: 4,404 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Sea_Shell said:
    How come so much cash. 

    Even if, say for example, your grandparents were gifting you large amounts your parents didn't know about, why not transfer it in directly?
    Not really a large amount of cash these days. It has been reported that 14yr old in main cities, especially London can earn up to £500 per week.

    By doing courier work and transporting Er, certain merchandise to clients.  :'(
    The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 19 May 2020 at 5:19PM
    Hasbeen said:
    Sea_Shell said:
    How come so much cash. 

    Even if, say for example, your grandparents were gifting you large amounts your parents didn't know about, why not transfer it in directly?


    By doing courier work and transporting Er, certain merchandise to clients.  :'(
    Short career though. Get dropped once you do become an adult in a legal sense. 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.