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

quidsy

Not only do I not give my child any money from toys/clothes sold but I also don't give any to the husband either when it's his stuff getting sold. All monies go to the benefit of the family. We are not individual expense units, all costs are covered as a family, all profits are absorbed as a family. I don't "tally" up how much my child cost me each day/week/month/year & then deduct any profits he may have made, if he needs something it is bought from family money, if oh or I needs something it is bought from family money. As soon as my ds is old enough to make his own money or sell his own crap he can keep the money but I'll stop buying his personal wants & only cover the things he needs, but whilst I'm the one managing the HH budget, listing & advertising things for sale, then I'll keep the dosh.

Blackbeard_of_Perranporth

MSE_Joanne wrote: »

In particular, after each Christmas I have a cull to make space for all their new stuff.

Absolute splendid idea, does the cull include the errant children?

tallgirld

I would either put it in their savings or use the money towards their next set of gifts.

onlyroz

I recently sold some old PS3 games and a big stack of duplo, and ended up with well over £50. I split the money between the kids and they spent it after Christmas along with some vouchers they've been given.

If an item was given to your child as a definite gift (so toys = yes, clothes = no) then the proceeds from their sale should go back to them.

Jagraf

quidsy wrote: »

Not only do I not give my child any money from toys/clothes sold but I also don't give any to the husband either when it's his stuff getting sold. All monies go to the benefit of the family. We are not individual expense units, all costs are covered as a family, all profits are absorbed as a family. I don't "tally" up how much my child cost me each day/week/month/year & then deduct any profits he may have made, if he needs something it is bought from family money, if oh or I needs something it is bought from family money. As soon as my ds is old enough to make his own money or sell his own crap he can keep the money but I'll stop buying his personal wants & only cover the things he needs, but whilst I'm the one managing the HH budget, listing & advertising things for sale, then I'll keep the dosh.

Excellent post. Me too.

Jagraf

I do draw the line at selling the neighbours kids toys though, I figured it would be too difficult to nick their bikes without them seeing me :rotfl:

supersaver2

Not something I've ever thought about as my daughter is a toddler and her old stuff is charity shopped or passed to friends. If it were an expensive item that was my daughters property I would put the money in her savings account.

Find it odd all this 'putting the money towards their gas,electricity etc' you are the parents and it is your job to look after the children you had, which does include these basics!

quidsy

Find it odd all this 'putting the money towards their gas,electricity etc'
you are the parents and it is your job to look after the children you had, which
does include these basics!

And I find it odd that people teach their children to consider things to be "theirs". In our house it is ours, joint property.

We teach our son to think of everyone & not just himself & as such any extra cash is to go towards the families benefit.

If that means paying a bill or booking a family holiday the money is for the family. The use is actually irrelevant.

It isn't going straight into my pocket to be spent on male strippers & cocaine. It pays for whatever "we" as a family need at the time. It doesn't get earmarked for this & that, just absorbed as part of our families general budget at the time.

No wonder there are so many arguments over inheritances in some peoples families if children are taught early on to view "objects & money" in such a selfish way.

Jagraf

supersaver2 wrote: »

Not something I've ever thought about as my daughter is a toddler and her old stuff is charity shopped or passed to friends. If it were an expensive item that was my daughters property I would put the money in her savings account.

Find it odd all this 'putting the money towards their gas,electricity etc' you are the parents and it is your job to look after the children you had, which does include these basics!

So, what you do is pass our daughters stuff to friends so that they can save money so it can be put towards their electricity bill. It's the same thing really. You are helping a friend to use the money differently for their children.

Jagraf

quidsy wrote: »

And I find it odd that people teach their children to consider things to be "theirs". In our house it is ours, joint property.

We teach our son to think of everyone & not just himself & as such any extra cash is to go towards the families benefit.

If that means paying a bill or booking a family holiday the money is for the family. The use is actually irrelevant.

It isn't going straight into my pocket to be spent on male strippers & cocaine. It pays for whatever "we" as a family need at the time. It doesn't get earmarked for this & that, just absorbed as part of our families general budget at the time.

No wonder there are so many arguments over inheritances in some peoples families if children are taught early on to view "objects & money" in such a selfish way.

I agree. There are awful rows over inheritance which could be due to children thinking so much about possessions.

My MIL gives my DD pocket money to me as she believes I should do with it what I want to do. I save it up and then it pays towards some of DD school trips, or maybe a birthday party, etc.