I gave my parents my money and now they won't let me have it!?

Question

I want to go to Germany with a friend. She has an apartment there, so it won't cost alot. I gave my parents a $7000 check to invest, but now they aren't giving me my money. They say it's because they paid for alot of my expenses up till now. It's my money though. How do I convince them? I am 39 btw.

Answer 1

remember that our parents always want the best for us and if they don't want to give you the money, they know why....

good luck!

Answer 2

oh yikes! if you just gave it to them to invest for you, they have no right to keep it. also if they are saying they paid for alot of your expenses-did they? and was it that much?? tell them to show you where they paid that much out-it does sound like theyare not going to give you the money and legally i do not think you can do anything about it if you had nothing in writing on what the deal was/is.

i would not give them anymore money to invest for me thats for sure.At 39 you should keep your own money in a savings account or invest it yourself-if you do not know about investing there are people that can help you with that--but even in a savings account you know you can always get it out-good luck to you-i know i would be upset.to me that is alot of maney.

Answer 3

Never trust anyone with your money, not even Family, they spent it, they won't pay you back, the only thing you can do is sue them.

Answer 4

who gave you the money?

Answer 5

well technically you did give them the money

so it is their's

but your almost 40

you shouldn't be relying on your parents at this age

Answer 6

Sweetie, based on some of the other questions you've asked here, I'm going to say I think your parents know that you need a little extra care and protection, and that you might not always be capable of making the best decisions for your own life, even though you might think you are.

$7000 is a lot of money for someone who's not used to being out on their own. Your parents have been handing finances for a long time and they know what kind of a track record you have with being responsible. They're probably afraid that if they turn the money back to you, it would soon be gone and you'd have nothing to show for it.

I think you might need to face the facts that your parents really are trying to take care of you and do what's best. Trust them.

Answer 7

That's weird. Did they pay for your trip to Germany or something? You should have just invested the money yourself. Even if they feel you owe them something they should give you the respect to hand it over rather than help themselves to it....very strange indeed.

Well maybe you need to go legal on them.

Answer 8

I'm confused. You gave them a check for $7,000 and now they won't give it back? What do you mean by "invest" - did you tell them to put it in their savings account? buy stock?

They probably did pay for many expenses, but if the understanding was that you were temporarily handing them $7,000 to "invest", then you're owed money. I'm not sure why you added that you're 39 - but perhaps don't mix your money with your parents'?

Answer 9

why did you give it to them to begin with? if you're 39, i'd hope by now that you've learned a bit about the financial world. you should have put it in a high yielding savings account. but the reason they're most likely keeping it is because they'd rather see you do something better with it than throwing it away on a trip to Germany.

Answer 10

This question is screwed up on so many levels. Call the police if you have proof that it is yours and let them handle it.

And don't give your parents any more money.

Answer 11

I would ask them if they actually have it.  Maybe they needed it and thought you wouldn't ask for it back lol...  if they do still have it, demand it back.  Worst case scenario, small claims court.

Some parents have a lot of nerve thinking they can "call in" the money they spent on their children.  My opinion, if you don't want to spend money on kids, don't have them.

Answer 12

ITS YOUR MONEY !!!!!!!!!!!!!

thats against the law for them to do that.

they are stealing from you.

Answer 13

You're 39 and you gave your parents your money?  Why didn't you put it into a bank or invest it yourself?  If it was clear at the time you gave it to them that it was your money, then it's still your money.  Demand it back and tell them you will take them to court if they keep withholding it.

Answer 14

holy c**p

uhhh why'd you give them that money?

thats kind of messed up of them

im not an expert legally but morally, they should give you your money just to be nice people/good parents

i guess just beg them

or tell them its yours

Answer 15

If you wrote your parents a check for $7000 with out any contracts it will be hard to legally get it back.  They will just say it was a gift.

Make a fake letter from a fake lawyer stating if they don't return the money with in 30 days they will need to show up in court.  That might help get it quicker.,

Answer 16

if you still live with your parents you need to let them have it!

Answer 17

wow ur 39!

Answer 18

To convince them to give some or all of that $7000 is very difficult, with no certain good result.

Suggestion:

find your way to make money and keep it for yourself; and consider the $7000 is no longer exist.