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Parenting -- Special Concerns
Reply to "Feeling odd about my DD's money"
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[quote=Anonymous]So my ex husband and I divorced 8 years ago. We have one amazing DD together. We mutually agreed on 7200 a month in child support based on a percentage of his earnings. That amount has never gone up or down and he has always paid right on time. My childcare expenses have never been that high so for most of the past 8 years I have put between 4-5k a month into a savings plan for her. I didn't really know what I would use it for but I knew it wasn't "my" money and just wanted to do the right thing and put it away for her. My EX and I are having a meeting this summer to discus high school and college tuition. I feel like I have a moral obligation to offer this money towards it but I also fee like its ok to keep it for her to use later in life (like first house or graduate school)? Should I tell EX about this money? It is technically his money and I would never use it for myself but I kind of look at it as her money? I am putting this in off topic because its not really about the money itself as it is about who's it is and whom should control it?? Any insight is appreciated. [/quote]
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