DD won £5k - should she share it?

esmerelda98

The previous small-scale wins were kept as premium bonds, I'm guessing at the parents' suggestion, so none of the children has received anything tangible from the bonds as yet.

Dunroamin

DitaVonTee wrote: »

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.

That's saving, not investing!

DitaVonTee

Dunroamin wrote: »

That's saving, not investing!

It's investing in your future;)

*max*

I think if there was any inkling that a win might become an issue, they shouldn't have been given gifts whose value depend on chance in the first place. Or at least the bonds should have been pooled and any win shared equally between the kids.

I don't really understand how this scenario wasn't discussed and a solution agreed upon as soon as the bonds were given. It's the very nature of those bonds to yield different prizes/amounts, so if equality is essential, then they were the wrong gift to give entirely!

Poppy9

esmerelda98 wrote: »

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.

I'm glad I'm not the only one reading this thread and feeling quite shocked that that so many are saying it's okay to keep it. I really cannot have imagined this happening in my family as we always shared.

If I had bought bonds for my nieces and nephews I would have assumed they would pool winning upto adulthood! I really wouldn't have felt the need to express that thought and I know they would have shared.

dandy-candy

Wow so many replies - thank you!
Neither of her brothers have asked or expected to get any share of DD's win. Whenever anyone gets a win I always say "Oh X has won £X this month" and they just say "Nice" because tbh its a bit of a non-event as it goes straight into more bonds.
When DD won I initially said I would put it all in her savings account (this is for when they go to Uni) but the next day I said to her "Aren't you really pleased?" and she said "Well not really cos I can't spend it now anyway" I suddenly realised it was a bit of an anti-climax so I then said she could choose anything as a special treat before we put the rest away.
I am actually pretty certain that if I said to my boys do they think they should have a cut that they would say no - DS1 definately wouldn't, they are all really happy for her. It's only DH who brings it up!
DH has said "What if one of them wins a million" and my view is that we would buy a lovely house to live in as a good investment, but it would belong to that child when they get to adulthood. He didn't agree but i'm adamant about that. I could never look them in the eye again if they had won a fortune and I kept it!

mrbrightside842

I think I'd want my kids to share it. I'd feel bad that, through chance (not earned) one of them had a £5k start in life and the others have nothing. Yes, it's a life lesson, but by buying the bonds it's like you've given one kid £5k over the others.

Poppy9

dandy-candy wrote: »

W
DH has said "What if one of them wins a million" and my view is that we would buy a lovely house to live in as a good investment, but it would belong to that child when they get to adulthood. He didn't agree but i'm adamant about that. I could never look them in the eye again if they had won a fortune and I kept it!

NBF but it seems in your eyes only your opinion counts as that's twice in this thread you've poo poo'd your OH opinion!

It seems you are deciding what happens to this money, not your child.

NewKittenHelp

Poppy9 wrote: »

NBF but it seems in your eyes only your opinion counts as that's twice in this thread you've poo poo'd your OH opinion!

It seems you are deciding what happens to this money, not your child.

I'm getting that impression too. Mum's more important than anyone else it seems.

burnoutbabe

so one kid gets a car when she turns 18 now, and the others have to spend a year at a part time job to afford one? Or can afford to go to Uni and the other 2 not? doesn't really seem very fair.Unless you will compensate them and help them get a car/pay the others fees.

Maybe split it 2k 1.5k 1.5k so she gets the ipod and £500 for some family day out of her choosing. or 3k pays for a trip to disneyworld for everyone (or something similar of her choice).