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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think money given to your child should be saved for them?

209 replies

pontipinemum · 30/04/2025 09:43

For context my children and 2 yrs and a baby. When they are older I will let them make their own choices, but will guide them.

When I receive money for them I put it into their credit union account. Some parents apparently do not do this. Money I received as a child often didn't make it to my account, and I have heard others saying the same. Then I've hear mums in groups saying they will put it towards something for the child or towards the zoo tickets etc.

AIBU to think they only thing you should do with it is save it for the child?

This is outside of extreme circumstances such as without the money the child wouldn't have a winter coat etc

OP posts:
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TropicofCapricorn · 02/05/2025 19:57

TweetingHurricane · 02/05/2025 19:55

I think you’ve quoted me wrong, I’m the one saying it’s not stealing and of course it should be spent on days out etc

Oh, sorry!

TweetingHurricane · 02/05/2025 19:55

TropicofCapricorn · 01/05/2025 22:02

You still wouldn't be stealing from the child...stop accusing people of if that when you're just wrong. Accept it and move on
It's okay, we all make mistakes..

You'd be buying them a ticket to the zoo...as a present...with money given to buy them a present.

It might be the difference between them going and not going. Because perhaps you can only afford one ticket, but with this birthday money, you can take them.

Stop being obtuse and rude because you're wrong.

Edited

I think you’ve quoted me wrong, I’m the one saying it’s not stealing and of course it should be spent on days out etc

marmitegirl01 · 02/05/2025 19:21

Eggsinthewhoopsiebasketalready · 30/04/2025 10:20

My friend opened an account for her ds as a lone dm. Every birthday, Christmas and pocket money. She lived a tough life.. She remarried and her dh wasn't a loving sf...
At 18 her ds received 8k from his account.. Wasted it in 10 months. Nothing to show for it at all.
Bet she wished she had used it for supporting her ds in other ways when he was a dc..

I was just gonna add some similar. Some but not all of course, will piss it up the wall when they get it at 18 !

TropicofCapricorn · 02/05/2025 19:19

Shotokan101 · 02/05/2025 13:55

"Anecdotal at best" 😂

So what?

The point remains nobody is STEALING front eh kids when they spend the money on things for the kids...

PeanutCat1 · 02/05/2025 19:05

We save 99% of it into their bank accounts but very occasionally we will buy something with it that we know they will enjoy, most recently a mud kitchen which they love but this is only usually perhaps once or twice a year. We are very lucky that we are comfortable financially so we are able to just buy what we want for the kids whenever we want but I know family members also enjoy seeing something that’s been bought with the money they’ve sent.

Providing the money is either being saved for the child or spent on the child I can’t see why it matters at all, very judgemental in my opinion. Some families may not have the funds to just buy toys and treats and days out for the kids and so the money gets spent on providing the children with those things and I cannot see how that is an issue at all tbh.

pollymere · 02/05/2025 15:24

I've been given money for savings and given money to do something nice or get clothes for DC. Usually the giver has specified what it's for. If it's just money for DC, I might do either with it... Going on a lovely trip that Grandma gave us the money for as an example.

Shotokan101 · 02/05/2025 13:55

TropicofCapricorn · 02/05/2025 13:25

says soiety .. ff you give a child birthday money - it is because you want them to buy something fun with it. IT might go towards a bigger present the child has been after. Its the same as if they gave them a £20 voucher to Smyths toy shop. or an amazon voucher.

If giver says "here's £50 for premium bonds" fair enough put it in the savings account of your choice. But it really isn't stealing from children, or wrong to buy them things with money given to them at 4.

"Anecdotal at best" 😂

Surroundedbyfools · 02/05/2025 13:41

Unless ppl r using their kids gifted money to buy cigarettes or something like that then it’s really none of ur business what ppl do with it. I keep my kids gifted money and sometimes it’s used for a special day out or to get them a new toy/item that otherwise we might not afford.

TheNinkyNonkyIsATardis · 02/05/2025 13:29

We save a lot for our son. Cash gifts are used to cover things like swimming lessons, new kit etc.

We ask regular givers like grandparents of they want the money spent on savings, experiences, lessons or treats and abide by that and they all say you choose.

His great grandparents enjoy hearing about his swimming progress etc, I don't think they're bothered by it.

Whybother618 · 02/05/2025 13:26

TropicofCapricorn · 02/05/2025 13:22

wow - event he money that Auntie gave to buy a toy with? Granddad gave them £2 and said buy yourself some sweeties... that gets put into savings?
What if granny says "here's £10, go and buy everyone an ice-cream" - does our child not get ice cream whilst you do..?

I still buy them the equivalent stuff out of my own pocket. Same at Christmas/birthdays etc.

TropicofCapricorn · 02/05/2025 13:25

Shotokan101 · 02/05/2025 11:59

Says who? "You".....

says soiety .. ff you give a child birthday money - it is because you want them to buy something fun with it. IT might go towards a bigger present the child has been after. Its the same as if they gave them a £20 voucher to Smyths toy shop. or an amazon voucher.

If giver says "here's £50 for premium bonds" fair enough put it in the savings account of your choice. But it really isn't stealing from children, or wrong to buy them things with money given to them at 4.

TropicofCapricorn · 02/05/2025 13:22

Whybother618 · 02/05/2025 12:35

I put every penny we receive for DS into investments in his name. We also top it up regularly with some of our own money. The main reason is to help avoid unnecessary IHT later in life.

wow - event he money that Auntie gave to buy a toy with? Granddad gave them £2 and said buy yourself some sweeties... that gets put into savings?
What if granny says "here's £10, go and buy everyone an ice-cream" - does our child not get ice cream whilst you do..?

whitewinespritzerandastraw · 02/05/2025 13:04

If it’s the only way the kid will go to the zoo, then absolutely they should use the money for that. Stop being so judgemental

Redhairandhottubs · 02/05/2025 12:38

It shouldn’t necessarily be saved but it should be spent on the child. If youre tight for money, I don’t see any issue with spending it on a nice day out for them, a new outfit or toy. When they’re older, they may well choose to spend it on crap anyway.

EmeraldShamrock000 · 02/05/2025 12:37

It is a personal choice.
Wait until they have the choice, they'll probably choose the zoo or some stickers.

Whybother618 · 02/05/2025 12:35

I put every penny we receive for DS into investments in his name. We also top it up regularly with some of our own money. The main reason is to help avoid unnecessary IHT later in life.

ArminTamzerian · 02/05/2025 12:31

Ridiculous to think your way is the only way. I don't have any savings accounts for my children. If they get money, I give it to them. They can spend it or save it as they like.

When they were younger I might have spent it on a day out for them, or a treat, or helped them choose something in the toy store.

Different to you doesn't mean equal

Howspieduh · 02/05/2025 12:25

I do put it into his savings, yes. Although, not every time. If it's a bigger amount I do. Most the time people want me to buy my son a toy with the money so I do, but I prefer to save it! I've always been a keen saver.

Silverfoxette · 02/05/2025 12:04

9/10 it goes in the credit union account but if they’re asking for something in particular and I don’t have the money for it I will say ok, but you can use your money

Shotokan101 · 02/05/2025 11:59

TropicofCapricorn · 01/05/2025 22:05

Why? Every penny given to children shouldn't be saved.

Because the money is more often than my, given with the intention that it is spent on a present for the child...

Says who? "You".....

TropicofCapricorn · 02/05/2025 10:32

TessTimoney · 02/05/2025 10:21

I saved any money given to me for my daughter and gave her access to the bank account when she was 16. She blew the lot partying with her friends!!

but surely that's OK too, it was fun money? otherwise it might have been spent on slime, sweets and toys she didn't keep?

TessTimoney · 02/05/2025 10:21

I saved any money given to me for my daughter and gave her access to the bank account when she was 16. She blew the lot partying with her friends!!

golemmings · 02/05/2025 05:46

My kids loved having £30 to spend in the toy shop. It was the only time they got to actually choose toys.
Now teens, they get £30 for Xmas and birthday from their nan. Ds tends to spend it on computer games - so he only really gets to buy 2 a year and DD saves hers and spends it all on theatre tickets.

It's still the only money they get to choose how to spend so I'd not take that away from them.

TropicofCapricorn · 01/05/2025 22:05

Shotokan101 · 01/05/2025 21:21

Wow!

...I'm shocked at the number of folk who appeared to be thinking that YABU!

Why? Every penny given to children shouldn't be saved.

Because the money is more often than my, given with the intention that it is spent on a present for the child...

TropicofCapricorn · 01/05/2025 22:02

TweetingHurricane · 01/05/2025 20:48

Thankyou.. nasty ass poster with shitty weird opinions doesn’t know how to reply 😆 I’ll let my kids know next time we have an amazing day at the zoo helped with money from family that I’m stealing from them! 😂😂

You still wouldn't be stealing from the child...stop accusing people of if that when you're just wrong. Accept it and move on
It's okay, we all make mistakes..

You'd be buying them a ticket to the zoo...as a present...with money given to buy them a present.

It might be the difference between them going and not going. Because perhaps you can only afford one ticket, but with this birthday money, you can take them.

Stop being obtuse and rude because you're wrong.