so you save kid's child benefit money?

redmel1621

This thread has been an interesting read.
Ours goes into my bank and gets swallowed up with the cost of living and keeping the boys clothed. Although they do take part in various clubs so I suppose it pays for that.

We have always had a family share attitude, we don't split anything individually...basically if one of us wants something (inculdes dh, me and the boys) we will work out if we can afford it and whether it will leave us skint, and if all is well we buy it. If not we all understand that neccesities come first and we have to wait for treats.

Mel x

devils_advocate

It's a compensation payment from them to me for having to put up with the little sods!

shirlgirl2004

Ours goes into the pot but they go to swimming classes, ballet, trampolining, musical minis, montessori play sessions etc and DD1 is at an independent school so £125 a month doesn't even cover a weeks school fees let alone the rest. We should be mortgage free next year and then I may consider saving it.

tinypawz

I'm a single mun and I get about £80 per month for 1 child.

I save £40 in the CTF account and the rest goes into the pot for bills/food/clothes

squibbs25

Ours goes in the pot.
I would love to be in the position to save it for the kids, but in reality i cant do that.

DS has piano lessons, cubs/scouts (linking at the mo) It isn't just the weekly cost of scouts, there's the uniform that needs to be paid for, trips, camps etc.... and i forgot he has a magazine subscription!
DD is into tap and ballet, she should also be starting Beavers in the next couple of weeks and last night had her first piano lesson!
But before any of that they have to be fed, watered, clothed, housed, etc the list is endless :eek:

Oh yes....Then there are the school trips that need to be funded, DS is going away with the school up to London, staying on HMS Belfast (studying WW2) DD last week had a school trip, i'm grateful for the CB at the end of the day, Every little helps! :rotfl:

Red_Fraggle_3

DD (14 ) gets £50 a month that has to pay for spends inc dance lessons and presents for friends and clothes for herself etc thou I do have a present s box which she can grab things out of if suitable - she's had a few recently so has offered to help with the weekly shop this week - no help from her dad - I also try to save the etc bits of CB up to pay for singing lesson each half term - so I dont think she does too bad - even having us go to charity shops clothes and handbag shopping this weekend

Treading_Water

When dd1 was born we were quite comfortably off and put the money into an ISA, after a few years and 2 more kids we had a sensible amount and used it to pay the deposit 2 small properties - back when they were quite cheap (10 years ago).
They are now self funding, which is just as well because it now gets spent on Gym, swimming, clothes and pocket money.
The houses will be used to fund Uni or weddings (all girls) or even for a deposit on their own homes.:beer:

alwaysskint96

Cant afford to save it- just goes into the account and pays bills like all other cash

basmic

plzhelpmesave! wrote: »

I know of so many people who have done this, either putting the money away for their children in their savings accounts or even saving the money to pay off mortgages etc.

I have 3 little ones and get £175 a month which is £2100 a year, tax free. WOW, first time i have every added that up!

This currently pays for my petrol, mobile phone and car insurance each month - bless my babies! I have been meaning to open up kids accounts (they are 6, 4, and 2) and split the money, £58 each, into their accounts but cannot afford to do this. I am applying for jobs at the moment, and will hopefully try to do this, or save even a small amount for each of them every month as soon as i get a job

So come on, 'fess up, How Do You Spend Yours???!

Why not have another kid - think of the extra money you can spend on your selfish self.

bathgatebuyer

I thought child benefit was for the benefit of the child? Not for the parent to spend on treating themselves on mobile phones like the OP. Have I missed something here as to what this benefit is for. Is it not to help parents raise the child? Not support Nokia or 3G.

I used to work with someone who used to put her CB aside every month to pay for their summer holiday each year (her and hubby had a fairly hefty combined income) and the attitude appeared to be that it was 'free' money to pay for their summer holiday (the kid being left with granny and grandpa while they went on their jollies each year!)

I don't know.............in my day it was all drudge, misery and taking my bike up a large hill delivering Hovis