Where to Report Worst Banking Practices?

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25 posts
whit
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Postby whit » Fri Feb 07, 2014 9:49 am

you have your own place and rent but your parents still insist on controlling your bank account? at 30, you have rights

I'm in my twenties but w/money I've been on my own since 18, with the exception of having a cc start under my mom for my first, she got it without telling me, at 16 I never even thought of credit cards, when I got mad once I went shopping and got a black purse from this store..the card was only suppose to be for emergencies so I stalked the mail for the statement everyday and got it before my mom; then I paid it from my own separate bank account

good thing she's not a technical person and pays the bills once a week when she sits down with the mail.

You can take over your own finances if you really want to


cashback
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Postby cashback » Fri Feb 07, 2014 9:51 am

This is a joke right? You're 30 years old? Unless you are financially dependent on your parents, there is no reason they need to be in your business. Grow up.

If you are financially dependent on them, then deal with it or become financially independent.

You're 30 and acting like you're 13.
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MemberSince99
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Postby MemberSince99 » Fri Feb 07, 2014 10:52 am

Wow. I'd just like to point out that things can be said without coming across as being a jackass in the process. What goes does it do to belittle someone? They aren't living life the way you and I are but who made us judge?

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djrez4
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Postby djrez4 » Fri Feb 07, 2014 12:00 pm

Sometimes it's difficult to respond in a cooth manner to something that stretches belief.

OP - If you feel responsible enough to handle your own finances (you certainly seem to have the desire), there are steps you can take to separate yourself from your parents' control.

I can see only two reasons the current situation exists: 1) your parents are legitimately overbearing, or 2) you have not yet developed the skills and responsibility to handle your own money. Please only take this advice if the former applies.

Take the $60 cash you received and head to a local bank. You can compare banks in your area at BankRate.com. When selecting a new bank, pay attention to the fees the bank charges and how much you need to keep in the account to avoid them.

Next, consider the steps you need to take to switch your finances over to the new account. In a nutshell, your income needs to go to the new account and your bills need to come out of it. Some banks offer "swtich kits" to help you through the process. Ask if your new bank has one. Otherwise, FiveCentNickel has a great post about the steps necessary.

Finally, and most importantly, have all of your bills, bank statements, and other important financial mail sent to your address, not your parents'. Even better, get them electronically via email. You can sign up for a Mint.com or Personal Capital account to track when bills are due and set budgets. Mint is probably a better fit for you.
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cashback
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Postby cashback » Fri Feb 07, 2014 4:43 pm

MemberSince99 wrote:Wow. I'd just like to point out that things can be said without coming across as being a jackass in the process. What goes does it do to belittle someone? They aren't living life the way you and I are but who made us judge?


Truth hurts sometimes.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781



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