I really dislike the money the Government give each child for the 'Child Trust Fund'.
My main issues are:
- You cannot refuse it as a parent but you are expected to 'manage' the account for your child. I personally, want my children to work for their money or save it themselves or at the very least for me to have control/choice over my own financial responsibilites and those of my minor children.
- The money will be worth different amounts for each child which is not fair.
- It is a massive waste of Government cash - the money is likely to be worth nothing 18 years from when it is given.
- It is hard to tell whether 18 year olds in the future will need the cash whereas it is clearly today's 18 year olds would benefit greatly from a £250 cheque in this recession.
Basically I think the money will be wasted and would if the Government wants to give handouts to 18 year olds they should give them to the 18 year olds of today.
I realise it is free cash and you may will all think I am a bit insane for actually moaning about it I am interested to see if anyone agrees with me?