Should I give my children money when I sell their things?

Tallan

Personally, I think it's the kid's money as the stuff you're selling was theirs in the first place. I've always worked on that basis but, if you're really hard up AND THEY DONT MIND, then you could keep the money. I guess it's really about giving them the choice.

jayok

I give my 2 sons 2 options

1. Help me collate their unwanted stuff, clean it up and put it on gumtree and they can keep the money

2. Do not help with the above and I keep the money

About 50/50 at the moment

Sheepster

Well mine were always given away to relatives.......not always when I'd finished with them either, but that's another story.
So giving them the proceeds, no.
Having said that, can see where people are coming from when they say it's their property so they should get the proceeds, but think of it this way.....eBay is a hassle, listing, photos, then there's packing the stuff up. Do THEY have the hassle or is it mum and dad who have to do all that and they just take the benefit after?

Augustus_the_Strong

'Do THEY have the hassle or is it mum and dad who have to do all that and they just take the benefit after?'

Absolutely! If they want to / are able to sell their own stuff themselves, fine, of course they can keep the money. If you are selling things 'for them', at least you should take a cut!

cjlw

I think it's shocking you are asking! It's their stuff so of course the money should be theirs.

Talent

No. Put it towards the next pressies.

eadieb

our younger kids are age 7, 9 and 11. If its a special toy (OR LARGE TOY) then we encourage child to sell it and give them the cash. generaly other toys we may let build up and do a joint car boot where they get the money. the exception is all the playmobil, lego and sylvanians, that lot will all be saved until they have all outgrown it and sold in mass lots (with boxs) to fund the various school trips that will be demanded at secondary school.

When they were younger and not aware of what they had or did not have , I would sell as much as possible on ebay and use to fund xmas.

gloriouslyhappy

[QUOTE=Quote:
Originally Posted by gloriouslyhappy View Post
A nice little nest egg for when they go to uni / want a car / gap year RTW trip / rental security deposit etc would come in handy - as they're finished with the toys and won't miss them, I'd put the money aside for them for later.[/QUOTE]


[/QUOTE] Jagraf;67522124]Even if you needed it for things they could benefit from now? What if it were needed for food, petrol etc? I remember selling a ton of my daughters unused stuff just to try and make ends meet. We are not in that position now thankfully, but if I had kept that money aside, my DD certainly wouldn't be profiting from her life experiences that she is now.[/QUOTE]

Not having a go, but.. maybe not accumulating a ton of unused stuff will help make ends meet more easily? But perhaps all that unused stuff was presents from friends and relatives. And yes, of course, if the money's needed now for basic essentials then there's absolutely no point having it in an account for later, especially at these dreadful interest rates which punish savers, but don't get me started on that!

smashedcrab

I had a friend who's mum put away every penny she could for her in a savings account. When she reached 18 her mum withdrew all the money and gave it to her daughter, who immediately went out and blew the lot on Burberry clothes (it was the 1980s). So no, I wouldn't put it in a savings account.
If you're really moneysaving then you should keep it, afterall your children are using the gas/electric/water that you might put the money towards. If money's not the issue and you just want to make room for new toys, spend the money on a family treat. That way you're trading their toys for a happy family experience and memories.

prosaver

smashedcrab wrote: »

I had a friend who's mum put away every penny she could for her in a savings account. When she reached 18 her mum withdrew all the money and gave it to her daughter, who immediately went out and blew the lot on Burberry clothes (it was the 1980s). So no, I wouldn't put it in a savings account.
If you're really moneysaving then you should keep it, afterall your children are using the gas/electric/water that you might put the money towards. If money's not the issue and you just want to make room for new toys, spend the money on a family treat. That way you're trading their toys for a happy family experience and memories.

True when you are young you dont care aboutt tomorrow ... there not going to care when your p1ss1n9 your self in a care home,,,,, wise up .ps sorry tobsound hard but .... that's life ...... as the song goes