Parents won't let me access my savings...

Wheb you say its your money, I presume you have earned it? As opposed to money given to you by your patents to save for a time when you really need it.

You have the rest of your life to be disappointed by the expense of fancy phones.

If it's in an account that you can freely access (as you have done) it's your money.

The real issue is that you're heading for a major confrontation with your parents and regardless of whose money it legally is, you're going to have to deal with that, and I doubt that "the Internet said it was ok" is going to be a strong argument in that particular debate

Fair enough. I still think your parents have a point. In two years time, you will have ņothing to show for your £100 phone. And perhaps you might want / need a car by then?

I just laughed at this. Haha, you have a strong point though. Of course I knew it wasn't going to be a case of "I'm sorry" and everyone's happy. It'll most likely be an evening spent talking to me about how precious that money is. But honestly, my argument to them is I needed a new phone, not wanted - needed. It was faulty, broken, slow, it wasn't doing what it was bought for. They say it only takes once, then I'll do it again. However this will not be the case unless it is something as big as a phone (to me). If it's something like a new set of speakers, that can obviously wait.

By which time I'll have a job (with fingers crossed) and at the rate I'm going, I thoroughly believe I will. So I can save for those sorts of things. I'm young I'm not treading on broken glass just so I can have a fraction more than I would if I was earning in the future. I'm living in the present.

So I've been told since the age of 7 I can't access my savings it's for my future. I'm 16... this is my future. They tell me I'll need money before I get a flat, money for a car all that stuff. And yes... I will. But I'll have a job by the time I want to move, I'm trying now and I'm 16. In fact I've had a couple interviews recently so I could well be getting a job. So I took £100 out of my account last week to put towards a new phone (saving for the s6, should have enough by next week once my iPod/current phone has sold), I told myself they're not in charge of my money. They haven't found out yet but they probably will when I get my new phone.

I didn't ask because I shouldn't have to. It's my money. I've had to put up with a brick for the past 2 years now I'm choosing to upgrade using my own money. It's not like I'm 8 and I'm buying barbie dolls with my spare cash.

In case you're wondering, the money if from things such as birthdays/christmas's etc... whenever I get cheques I pay them into the savings account.

Thoughts?

So I've been told since the age of 7 I can't access my savings it's for my future. I'm 16... this is my future. They tell me I'll need money before I get a flat, money for a car all that stuff. And yes... I will. But I'll have a job by the time I want to move, I'm trying now and I'm 16. In fact I've had a couple interviews recently so I could well be getting a job. So I took £100 out of my account last week to put towards a new phone (saving for the s6, should have enough by next week once my iPod/current phone has sold), I told myself they're not in charge of my money. They haven't found out yet but they probably will when I get my new phone.

I didn't ask because I shouldn't have to. It's my money. I've had to put up with a brick for the past 2 years now I'm choosing to upgrade using my own money. It's not like I'm 8 and I'm buying barbie dolls with my spare cash.

In case you're wondering, the money if from things such as birthdays/christmas's etc... whenever I get cheques I pay them into the savings account.

Thoughts?

Parents know best. i don't really see anything wrong with telling your child to save their money. personally if i had a child and he was getting a lot of money i wouldn't let him access it until a certain age either. if it was a lot of money i wouldn't let him/her access it until they were at least 21 and even then there would be a limit to how much they can take out. its not a viscous thing, your parents are teaching you how to control your spendings. believe me one day you will understand. when you start working and have to pay for everything you will be thankful to have something left in savings

Parents know best. i don't really see anything wrong with telling your child to save their money. personally if i had a child and he was getting a lot of money i wouldn't let him access it until a certain age either. if it was a lot of money i wouldn't let him/her access it until they were at least 21 and even then there would be a limit to how much they can take out. its not a viscous thing, your parents are teaching you how to control your spendings. believe me one day you will understand. when you start working and have to pay for everything you will be thankful to have something left in savings

This is ridiculous. What makes you think you'd have the right to tell an adult what to do with their own money?

A trust fund or a savings account where you put some money aside for them to access when they're older is one thing, but stopping someone from accessing money they've saved/earned themselves sounds illegal.

but he didn't earn it though. it was money that was given to him by family as gifts when he was younger. hes only 16

I just laughed at this. Haha, you have a strong point though. Of course I knew it wasn't going to be a case of "I'm sorry" and everyone's happy. It'll most likely be an evening spent talking to me about how precious that money is. But honestly, my argument to them is I needed a new phone, not wanted - needed. It was faulty, broken, slow, it wasn't doing what it was bought for. They say it only takes once, then I'll do it again. However this will not be the case unless it is something as big as a phone (to me). If it's something like a new set of speakers, that can obviously wait.