Dad saves $1400 of his daughter’s birthday money in a savings account, her mom demands she get half the money: ‘Since we share custody of my daughter, she deserves half of my daughter’s gift money’

If you’re a child who comes into a large sum of money, you will likely find yourself in one of two situations. You’ll either have a parent who saves all of your money in a savings account until you turn 18, setting you up for a prosperous financial future with less debt than your peers, or you will have Gary Coleman’s parents who spend all of your money and rob you blind, destroying any stability that you might have had. Honestly, the latter situation can happen to you even if you don’t come into any money. How many times have you heard of a parent taking out a credit card in their child’s name, running up the bills, and guaranteeing that they have a horrible credit score in their adult lives? The fact that you can get a credit card for someone under 18 without their permission is mind-blowing. 

The girl at the center of this story has one parent who wants to save her money and one who wants to take it away from her. 

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