2009 value of 2005 £1000

sabretoothtigger

benny123 wrote: »

a nice round figure of £1000, i'd feel inclined to give her the same, its still a generous gift and a lot of money.

I disagree because the granddaughter should be rewarded for even knowing what inflation is when many young people dont have a clue and would be in debt by now.

If she has any debt you could offer to pay off the higher amount from her balance or give the 1000 in cash

agsnu

There was no indication in the OP that the granddaughter knew or cared, fwiw.

joan22

Thanks for all the replies. I decided to give her £1100 and she was genuinely grateful, insisting that I shouldn't have given her any extra. To avoid any further deliberations on my other 5 grandchildren's 21st birthdays, the youngest of whom is 10 years of age, I think I should put a lump sum to one side - but whether I will or not I have yet to decide. Yes, £1000 is a lot of money, but I had the joy of reading my eldest granddaughter's emails from all over the world when she used the money to travel in her gap year. If I'd left it to her in my will I wouldn't have been able to share in her joy would I? I hope I live to be 85 to give the youngest his gift - maybe I'll have to give him his when he is 18! Just in case you thought I was a rich, doting grandmother of 7 grandchildren - I'm not - I don't normally spend much on them, preferring to save and do it this way.

Masomnia

joan22 wrote: »

Thanks for all the replies. I decided to give her £1100 and she was genuinely grateful, insisting that I shouldn't have given her any extra. To avoid any further deliberations on my other 5 grandchildren's 21st birthdays, the youngest of whom is 10 years of age, I think I should put a lump sum to one side - but whether I will or not I have yet to decide. Yes, £1000 is a lot of money, but I had the joy of reading my eldest granddaughter's emails from all over the world when she used the money to travel in her gap year. If I'd left it to her in my will I wouldn't have been able to share in her joy would I? I hope I live to be 85 to give the youngest his gift - maybe I'll have to give him his when he is 18! Just in case you thought I was a rich, doting grandmother of 7 grandchildren - I'm not - I don't normally spend much on them, preferring to save and do it this way.

Your grandchildren are very lucky

McSaver

I would give £1,000 then your other granddaughter wont say why did she get a little bit more than I did when I turned 21.