Have meant to come back on this thread but even Eton parents have to go out to make a living, y’know? And the powers that be at MN-HQ didn’t help matters either by deleting my password and I found myself locked out for a while unable to gain access because some morons out there had previously hijacked my Hotmail e-mail address where the link to reset my MN password had been sent. Thanks, Sandy for helping me reset my password by another means.
”I think for those boys who will be living in the real world without limitless income, it is all part of the process of growing up to have parents restrict their expenditure and make sure that the bill is not a shock.”
Well, summerends, you may feel it necessary to restrict your child’s expenditure as part of their growing up process, but I don’t. The question is, for how long are you going to control your child’s liberty and when do you decide you can trust them to be mature enough to make their own judgments?
For me, I do not have the problem of not being able to trust my child to make his own judgements and decisions - not when he’s already become a teenager at 13 when he first entered Eton.
” You said your DS was 'smart' to charge his purchases to you so you are the one giving him a bad press, I made no comments on how sensible he was or is.”
There are some who implied on this thread that it’s safer (for want of a better word) to put a certain amount of money in the child’s bank account and let the child use his debit card to spend from this account. To me, this is placing a restriction on the child and not showing much faith in him and I don’t like that. I’m sending my child to a School where he’s got to learn about responsibility, trust, self-control, good judgment, legality, morality, etc. Let’s face it, how on earth is he going to be Chancellor of The Exchequer or Prime Minister if I cannot trust him with a mere few hundred quids as a teenager? No, instead I gave him a VISA Platinum Card with a 5-figure credit limit while in the final year when he turned 18 and just before entering university.
Maybe I’m stupid but please enlighten me. Isn’t the money in the child’s bank account the same money from the parents? And why would he trouble himself unnecessarily every month fiddling with bank statements reconciling the bank account as if he had nothing else better to do at College while his parents can easily deal with the school bill once every term? It’s a no brainer . . .