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The Ramsey Show Highlights

My Dad Won't Give Me Access To My Money (I'm 19)

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 25 July 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.5

I'm 19, and for all of my, for my two years of college that I've gone to so far, my dad has controlled all of my savings money,

0:16.2

and he invests the big chunks of it and tries to make more money.

0:21.3

He's been emotionally abusive in the past, and he's decided in the last year that he

0:29.6

does not want a relationship with me whatsoever.

0:33.3

He wants to come me out, but he doesn't want to give me access to my own savings.

0:39.3

And so I'm wondering as an adult, that just doesn't feel right if he chooses not to have a

0:44.7

relationship with me, should he have control of my money?

0:47.8

And also, he won't, he's legally obligated from the divorce to provide me with a car for work, and he won't

0:57.4

give me a straight answer if he's going to give me a car to take the school, and then I can't

1:02.1

get a job, and I'm in baby step too, so.

1:05.9

Okay.

1:07.3

Your money in your savings, I assume he and your mom saved this money, or did you put the money into the account?

1:14.6

No.

1:15.6

Actually, it's my money.

1:16.6

Um, growing up, I was, I, I, the rule of my house was you have to put half of whatever you make into savings.

1:23.6

Um, he's like a big thing of years.

1:25.6

Um, so, um, I've been putting half of my money into savings and I've worked really, really hard.

1:30.5

Is your name on the account?

1:33.7

I don't know. He says that it's my money, but I've never actually seen the account.

1:39.2

You just gave the money to him when you're a kid? Um, it was in my, yeah, when I was a kid and then when I got a bank account, I'd put it in my savings and then he would take out money whenever it got over a certain amount and he'd put it in the investment.

1:54.0

Do you know what bank it's in?

...

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