[HPforGrownups] Harry's money (was Ron, Harry, Molly, Money)

[Jesta Hijinx]

No: HPFGUIDX 59725

Dear Lynda:

>All this discussion about Harry helping Ron out financially, or buying him
>treats or presents, is interesting, but it brings up a question I've had 
>since I
>started reading the series.  How does an 11 year old, 12, 13, 14, 15 year
>old, (whichever book we're talking about) who grew up with no money of his 
>own,
>figure out how to manage his money so it will last until he's grown, at 
>least?

This is a great question, and one that's crossed my mind from time to time.

He can have had none from the Dursleys, and certainly no formal instruction.

But given the Dursleys' material orientation, perhaps he overheard or 
witnessed budgeting and planning there.

Even given that, I would think the natural temptation would be to rebel 
against that.  :-)  I'm kind of amazed he didn't go on a spending spree 
right after he opened the Gringott's vault.

>Harry doesn't seem to worry about whether or not he'll have money even the
>next day, but it sure is nice to have it there when he wants to do 
>something
>nice with it, or just buy his school things.  Somebody somewhere should be 
>making
>sure he'll have enough to get through school and a start in life (parent of
>grown children here, glad we had the funds necessary to get them through
>college and on their feet, which is probably why I wonder about how Harry 
>or whoever
>manages his money).  I have often wondered if Gringott's gave him an
>allowance, or who helps Harry manage his money.  Is it invested so it's 
>growing, or
>just sitting in the vault gathering dust, or what?  Any ideas?
>
>Lynda
>* * *
>"Don't let  the Muggles get you down." Ron Weasley PoA
>
I wonder about this as well. I would assume that the money in Gringott's is 
invested - any healthy economy needs investors and venture capital in some 
form - but I wonder if Gringott's sends out financial statements and has 
advisors and such.

And he's not of age - are there trustees involved?  he seemed to just waltz 
in and help himself.

Felinia

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