audioguy58 It looks as thought the InControl product from Master Card has been around over ten years, and hasn’t exactly set the world on fire.

Are you in the US? I have Aussie friends living in the US and they always say the financial system is 30 years behind everyone else.

I would say it's pretty much ubiquitous except for America. Certainly in Australia it's just a normal feature of your banking. You can set limits on whatever you want. I didn't realise it wasn't a "thing" elsewhere... Hardly anyone uses cash here, everything is done with your card or your phone. We don't even use pin numbers or signatures for anything under $200, just tap and go.

Once I was on holiday in Melbourne and the bank actually rang me up and asked if I was shopping on Chapel St, because I think I set off some alarms somewhere. Only drug dealers and dodgy tradies use cash these days!

      Sin Only drug dealers and dodgy tradies use cash these days!

      Or tourist from Germany 🤣

        audioguy58

        I read about this the other day, it's called financial dominance, and I don't think it's anything to do with the chastity belt.
        Well, I know that some people see the belt as something fetish, I'm a virgin, not an idiot, and I think it turns them on to think of a relationship of domination in which a perverse keyholder denies one, unbridled sexuality...
        That's why we have so many stories here about frustrated impulses and "OMG I'm so excited and how I suffer for not having relief...".
        I know that this thread is not the same, far from it, but, we return to the belt-domination-dependence relationship.
        In my opinion, a belt is not a tool of domination, but of protection, it does not prevent the girl from being relieved, it prevents her from falling into temptation.
        You are free to open a thread on the subject, and I appreciate that you always open a new thread to talk about new things, but with my previous paragraph, I wanted to leave my opinion on it.

            Ines That's why we have so many stories here

            I have had to hear those stories for years and years and years... So sick of those old stories.
            Now that I have been married I understand how some of those people must have felt back then but I didn't have sex as a pre-teen and I never felt that way.

              Sin Only drug dealers and dodgy tradies use cash these days!

              ok, so now i am officially a criminal 😂

              no seriously. as a big supporter of cash i have to clearly plead for it and that has a simple reason. i don't want the bank, the state or other strangers to see what i spend my private money on. i pay almost everything with cash because it's nobody's business what i use my money for.

              on the original topic, i'm not sure where the discussion is going, it has nothing to do with chastity and you don't need a credit card for that either

                  Sin Are you in the US? I have Aussie friends living in the US and they always say the financial system is 30 years behind everyone else.

                  Yes, I am in the US, and I believe you have a very good point there.

                    Angelina on the original topic, i'm not sure where the discussion is going,

                    The discussion seems to be veering off into the weeds. I have a few more thoughts that I wanted to share before the thread goes totally cold again.

                        I remember having a savings bank when I was young, designed to look like a United States Postal Service letter box you might see on an urban sidewalk. Actually, it more closely resembled the smaller collection boxes you might see indoors, in the lobby of a public building. My father got it from the financial institution where he did his banking. They were giving them away for free or at nominal cost.

                        The bottom of the unit had a relatively robust metal plate which could be removed by unlocking it with a key. The metal plate had a small circular hole in it to allow for insertion of paper money.

                        It is possible that the financial institution may have intended for the parents to keep the key, although my parents did not do this.

                        I believe it was customary at one time for the financial institution to retain the key to the child’s bank. We’re probably talking 1930s or at least 1950s here. I recall some old geezer telling me that when I was being given the bank.

                        Renita Cryptocurrency is an answer.

                        Yes. I was going to get to that in a roundabout sort of way.

                          audioguy58

                          i also just wanted to say that we don't need chastity or credit cards for this. my father can also control my finances quite easily via cash and current account, especially because the only money i get is from him himself. 😂

                            When this topic was first trending, back in June 2019, I had wanted to write;

                            “Having one’s finances controlled by parents would be roughly equivalent to being buried up to your neck in sand at the beach. It reduces the son or daughter to the status of a potted plant. It would deprive you of any sense of agency, especially if the parents are already restricting your sex life via a chastity belt. I’m not sure if I would like that idea very much.”

                            , but I never got around to posting.

                              With this topic, as with many topics, there are two parallel discussions that need to take place:

                              1) What would be “theoretically ideal”

                              2) How much of that can be achieved in the here-and-now, with the system of laws we currently have, with the form of government we currently have

                                audioguy58 with the system of laws we currently have, with the form of government we currently have

                                For this part of the question we will get many answers because of the many different form of government and laws.

                                  To be clear, we are only talking about situations where the son or daughter lives with their parents. I don’t think any sensible person would argue that the parents have any right to control the finances of an adult child who has already moved out.

                                  The operative principle should be, “If you live under my roof, I get to control your money.”

                                  The wealthier your family, the more likely it is that you will have parental/“familial”/institutional” controls on your money. If you stand to Inger a large fortune, then it is virtually a given that you will not have unimpeded, immediate access to all of your money.

                                  I don't know anyone with a trust fund personally, so for us regular people I would say getting a job and earning your own money (rather than relying on your parents for pocket money) is an essential part of growing up, as it teaches you the value of money, as well as how to be independent and responsible. I would rather live modestly than be a baby all my life.

                                  This subject actually came up, sort of, in an old Dear Abby advice column many decades ago, when the subject under discussion was, “Should parents charge their adult children rent if they still live at home?”

                                  The answer I liked best was:

                                  “Yes, charge them rent, put the money in a savings account, and give it to the young person when they eventually move out.”

                                  I have a brokerage account with one of the major online investing platforms. I have configured the account so that on the 15thday of the month, a certain fixed amount of money is transferred from my checking account into the brokerage (savings) account.

                                  One could easily imagine a scenario where the parents hold the password to the brokerage account even though the account is in the son or daughter’s name. The young person would be unable to back out of the agreement or change the amount of the automatic monthly transfer on their own.

                                  When you open an account, they offer you a bewildering array of choices when it comes to account type Uniform Gift To Minors Act, custodial account for an adult, etc.) , but you wouldn’t even need anything so exotic.

                                  audioguy58 “Having one’s finances controlled by parents would be roughly equivalent to being buried up to your neck in sand at the beach. It reduces the son or daughter to the status of a potted plant. It would deprive you of any sense of agency, especially if the parents are already restricting your sex life via a chastity belt. I’m not sure if I would like that idea very much.”

                                  i find the thought process very interesting and would like to ask the forum a question about it. if you had the choice, i.e. your parents put a chastity belt on you or control your finances, which would you choose?