DD won £5k - should she share it?

DitaVonTee

Being as all the children have an equal amount of Premium Bonds, I don't think she should share it, her premium bonds, her win, her money.

The other two children have as good a chance as any of having the same kind of win.

Poppy9

If the OP's prize had not been money but say a holiday for 4 would it be okay for the DD to choose to take friends not family or even to sell the holiday and keep the money?

*max*

Poppy9 wrote: »

If the OP's prize had not been money but say a holiday for 4 would it be okay for the DD to choose to take friends not family or even to sell the holiday and keep the money?

Yes, as it would be hers to do with as she wishes. But it's not "the OP's prize", so it's a moot point really. Of course it would be nice for her to want to share, but she shouldn't have to - it's her decision. The bonds were bought for each child, they weren't pooled. The money is hers. What would be nice and what has to be done are two different things.

jumpingjackd

DitaVonTee wrote: »

Being as all the children have an equal amount of Premium Bonds, I don't think she should share it, her premium bonds, her win, her money.

The other two children have as good a chance as any of having the same kind of win.

Hope she feels the same way if her siblings win a significantly more amount of money! and refuse to share.
Afraid its the unpopular view around here but I kind of take the view that "what goes around, comes around"
Do hope her brothers have a win to compensate!

I brought up my four to share when they were young and hope they would still feel the same, maybe not into equal shares but to give out something!

kandfs_mam

Our DD won £1000 this month on the premium bonds. She is 12. She has a holding of £1000 whch her granny bought her each year for her birthday until she was 10 (10x£100). Her wee brother is almost 2 and has £100 in bonds from his 1st birthday.

TBH when the cheque came through, we were just delighted for her. She has put it into her building society account as there is nothing she "needs" just now and has bought her granny some flowers. It was not suggested or expected that she should share it with her brother or us.

Frogletina

angelil wrote: »

This is something you should have discussed when you got the bonds, rather than now. My sister and I were also bought bonds and it was said at the start that anything above £50 would have to be shared but anything below that we could keep. This was decided to avoid the situation you find yourself in! I'd say it's too late now and that her brothers should also be able to keep anything they win for themselves. You have already been relatively sensible with it, I'd say, by allowing her a small amount of pleasurable spending and banking the rest.

Even the above agreement could be unfair

Child A - receives 10 prizes of £50 and keeps them

but in the same timescale

Child B - receives 1 prize of £200 which has to be shared out.

DitaVonTee

jumpingjackd wrote: »

Hope she feels the same way if her siblings win a significantly more amount of money! and refuse to share.
Afraid its the unpopular view around here but I kind of take the view that "what goes around, comes around"
Do hope her brothers have a win to compensate!

I brought up my four to share when they were young and hope they would still feel the same, maybe not into equal shares but to give out something!

If they do, maybe she will remember that she once won £5 k!
Her money, whether we happen to agree or not. Other 2 children have an equal share of premium bonds.

I wouldn't expect my children to share money they'd won, what I would expect is for whoever won the money to invest it wisely.

esmerelda98

No wonder children in this country are now so self-centered. It's their upbringing! Hope they are also taught not to expect help from their families in times of trouble. The money does not need to be shared equally, maybe just generous gifts, but this idea of 'parents butt out' is silly. It's called parental guidance.

Dunroamin

DitaVonTee wrote: »

I wouldn't expect my children to share money they'd won, what I would expect is for whoever won the money to invest it wisely.

Sharing with those close to you seems an easier concept for a 12 year old to grasp compared to making a wise investment!

DitaVonTee

Dunroamin wrote: »

Sharing with those close to you seems an easier concept for a 12 year old to grasp compared to making a wise investment!

That's the way I see it, sorry.
At 13 years old there's a lot of planning to be made for the future, college fee's, university fee's - none of which are cheap. BUT with a little put aside makes things a whole lot easier.