I've been secretly "borrowing" money from my daughter's college funds to put tires, wheels and other goodies on my JK. Am I bad?
Well today I'm happy to announce I paid a chunk of it back.
... just sayin'
10%, wow I didn't know that. Sucks to be penalized for using your own money.
Only if it's in a 529. If it's a simple savings then you don't get a penalty. 529 has tax advantages of you use the money for education.
Actually I just have it in a separate bank account that both my daughter and I can access. She sent me a text from Thailand, where she is currently, and asked why money was being moved around in the account.
I told her a bullshit lie, that I'm not too proud of, and made sure to pay the damn thing back pronto. I'm into instant gratification, and spent a lot of money, fast, getting this JK where I wanted it.
Hopefully I'm done spending on this money pit for awhile.