Money Moral Dilemma: Should my eldest child split their Child Trust Fund savings with my youngest?

MSE_Kelvin
MSE_Kelvin Posts: 332
First Anniversary Photogenic First Post Name Dropper
MSE Staff
edited 3 January at 1:18PM in MoneySaving mums
This week's MoneySaver who wants advice asks...

I've three children, born in 2005, 2008 and 2011. My first and second child received Child Trust Funds from the Government; my third didn't, having been born after they were available. My first child received £500 and my second £250, and we've not topped up either account. My first child's has now matured and is worth £880, and I think they should give half to my third child, as they only have the money as they were born in the right year. Needless to say, first child doesn't agree... what would you do?

Unfortunately the MSE team can't answer Money Moral Dilemma questions as contributions are emailed in or suggested in person. They are intended to be a point of debate and discussed at face value. Remember that behind each dilemma there is a real person so, as the forum rules say, please keep it kind and keep it clean.

B) If you haven’t already, join the forum to reply.
:/ Got a Money Moral Dilemma of your own? Suggest an MMD.
«134567

Comments

Meet your Ambassadors

Categories

  • All Categories
  • 341.8K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449.2K Spending & Discounts
  • 233.9K Work, Benefits & Business
  • 606.1K Mortgages, Homes & Bills
  • 172.5K Life & Family
  • 246.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards