Reply to 3 savings accounts for DC, why would GP want to open another one?

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Reply to "3 savings accounts for DC, why would GP want to open another one?"

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[quote=Anonymous]OP here. My concern is the control issue. They used money to control my older brother, and I learned pretty quickly- always had a job and thus my own spending money in high school and college. But they still paid my college tuition, and still claim that without them I never would have made it as far as I have. I just don't want my DC to equate money with strings attached. If I give my DC a gift, I don't want my child to think that they owe me in any way.

However they did offer to put in $1k, which obviously is a big help this early on, so I can also understand the tax benefit issue. And what peaked my concern is that they asked for DC's SSN.

I realize that they probably would not do any harm to DC, but they have different ideas on parenting and disapprove of some of DH and my decisions (we plan on moving further away, we enjoy city living and sports, and want our child to be very social etc - growing up I wasn't allowed to see my friends, go to camps, if I had free time I was expected to go with them to work, etc). They seem to think that our ideas on parenting will make DC lazy and stupid. I don't know what they could do with the SSN, but I don't want them to be able to use anything against my DH and I. [/quote]

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