Dad applauded not covering wife’s share of college fund

Members of a popular internet forum were quick to support a father who said he refuses to stand up for his wife after she was unable to contribute to their children’s college fund.

In a viral Reddit post published on r/AmITeA**hole, Redditor u/financialwoes11 (aka the original poster or OP) said that he and his wife each contribute $200 a month to the college fund for their both children contribute and revealed how a recent shopping spree has put half of that monthly contribution at risk.

Captioned: “[Am I the a**hole] for not putting half my wife into our kid’s college savings account?” The post received nearly 5,000 votes and 1,000 comments in the last day.

The original poster wrote that he and his wife keep separate finances, and said the couple put one financial decision ahead of everything else: getting their kids through college debt-free.

“It’s also very important to my wife and I not to let our children go into debt for school,” OP wrote. “Every month we both donate $100 to my daughter’s college funds and $100 to my son’s college funds … each child gets a total of $200 a month.”

However, during a recent conversation about the family’s budget, the original poster said he had been informed that contributions to the college fund would go straight to him that month.

“I have asked my wife to send me the money she owes for the kids’ college money,” the OP wrote. “She said she didn’t have any [and] said she made some big personal purchases this month (including new car tires, a branded handbag and a fancy hair dryer).”

“We got into an argument because I said if she had money for a purse, she would have money for our children’s future,” the OP wrote. “She admitted she did something wrong. But here’s the part where I could be the asshole.”

“My wife said it wasn’t fair for our kids to get stiff about something she did, so she suggested I do my part for the kids’ college funds,” OP continued. “I didn’t tell her at all. I have the money available, but I believe paying their part would set a terrible precedent.”

“I told her to find the money or our kids would get stiff,” OP added.

Including books, materials, and living expenses, the current average college cost in the United States is $35,331 per student per year, according to the Education Data Initiative.

And as the cost of secondary education increases every year, that number is sure to skyrocket over the next two decades.

This means: For parents who want to get their children through their studies without mountains of debt, it is absolutely necessary to start saving as early as possible.

end of 2020, forbes Referred Parents use 529 plans, which the Securities and Exchange Commission defines as a “tax-deferred savings plan.”[s] intended to encourage saving for future educational expenses” to secure their children’s college plans.

However, the presence of a robust college fund does not always mean that a college-age student is reaping its benefits.

Lately, news week has reported on numerous Reddit threads detailing controversies over college funds, including a pair of fathers who clarified that payment for four or more years of secondary education depended solely on DNA testing.

For the most part, Redditors have advocated doing what is in the best financial interests of kids who want to attend college, and specifically what will make the most money available to those hopeful students.

Parents fight about money
Members of Reddit’s r/AmITeA**hole insisted a father was entitled to refuse to pay his wife’s monthly contribution to their children’s college fund.
Drazen Zigic/iStock/Getty Images Plus

However, in the case of u/financialwoes11’s viral Reddit post, the Redditors sided with the original poster and agreed that his wife’s cover would indeed set a “terrible precedent,” even at the expense of their children’s college funds.

“[Not the a**hole]’ wrote Redditor u/edwardothegreest in the top comment of the post, which garnered more than 8,400 votes. “Bad precedent.”

“Pay your share,” they continued. “$100 isn’t going to make the difference between going to college or not. Or, in the interests of the kids, you pay her share, but she pays your next month.”

“Her kids’ interest would be equally preserved if she pays double next month and he sticks to his schedule,” added Redditor u/PuffinTown in a comment that got more than 4,000 votes. “That leaves her contribution 100 [percent] dependent on her.”

“Exactly what I wanted to say,” chipped in Redditor u/_psychologizer_, receiving more than 1,300 votes. “Her mistake is easily rectified when she takes full responsibility and learns that she cannot take advantage of her husband.”

In a separate comment that received almost 3,000 votes, Redditor u/Historical_Shot_6865 offered a similar solution.

“Your wife can make up for the missing month through additional payments in the coming months,” they wrote. “Your children shouldn’t be punished, but it’s your wife who has to fight back.”

news week contacted u/financialwoes11 for comment.

https://www.newsweek.com/bad-precedent-dad-applauded-not-covering-wifes-part-college-fund-1712554 Dad applauded not covering wife’s share of college fund

Rick Schindler

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