Her money or mine?

[GreatBallsOfFluff]

DD now nearly 7 got a Wendy house for Xmas when she was 2. We all chipped in for it (my mum, me and I think my sister though can't quite remember). Anyway I'm trying to sell it and may have found a buyer willing to pay £80 (its in excellent condition as never been outside).

I was going to just use this money for general household kitty stuff (tbh could use it) or towards DDs birthday, but it dawned on me that as its a Xmas present present, then technically is it her money? She doesn't have pocket money as although she's not spoilt, somethings she wants I'll buy her and others i wont (generally based on financial situation at the time or if I've spoiled myself with something recently).

So wwyd? Keep the money or put it in DDs bank account where her birthday and Xmas money goes - used for big things she wants?

BTW she's not sad about it going, she never really played in it, and just became a feature of the lounge in the end

Her bank account.

It's her money. Although if money was tight I might be tempted to use it to buy her next birthday or Christmas present with an interest free IOU to her bank account.

It's her money. If I sell any of DS's things (some of which have been presents), I either buy him something with the money, or put it into his bank account.

Am a bit surprised at all the people saying "her money", tbh, but ds1 is only 4. If we sell, eg, a pushchair, then it goes in the kitty. we have a set amount that we share as a family, and if there is spare it does tend to get spent on the kids (they need more things than us), but I see it as family money, to to spent for the good of us all.

If it was a gift then it's hers, so if you sell it the money should go to her.

Your money. I'm sure you spend lots and lots of money on her and she will probably benefit from this money too if it's household kitty money.

Your money. I'm sure she'll get some benefit somewhere down the line.

i would say your money really, if she isnt bothered about it, you could always use a portion of it to go and buy her something or put some in the bank account but it going into the household budget would benefit her as well.

has she ASKED/CHOSEN to sell it? or is that she simply doenst play with it anymore and isnt bothered, its a bit different as they get older and THEY may choose to sell thing sthey no longer want etc in order to fund something ie more like age 10+ and teens etc but at her age its not necessarily her decision to make to sell something.

It's her money. It was a gift to her. If you are keeping the money what happens to your mum's and sister's share? They chipped in too.

she was TWO when she got it! she probably cant even remember being given it or that it was a gift! my kids have been given stuff, bikes, small ride ons, lots of toys and then as they have got older they have been passed onto younger siblings or given/sold to friends etc once outgrown, they certainly didnt then get given the money from the sale of the item nor where they bothered by their younger siblings using them should i have bougth them off the older child to then give to the younger sibling?

i just sold a bunch of my dd's clothes, lots of those were 'gifts' to her for her birthday etc i certainly am not giving her the money, she is 14mths old and its gone into the bank to be used as family money which she will benefit from anyway as will the ops dd.

I agree that it's her money. I don't worry too much about smaller presents, but for bigger things I usually sell old items to buy / put towards something new that she wants - bike, trampoline, ds etc.

As others have said, if you keep then money, then really you've got to return the shares to the other people who also paid for it.

'her' money? Unless she contributes to the household bills, I'd say you were fine to put it in the kitty. You could always buy her something small out of the cash but sounds like you could do with it.

Hers. It was a present to her.

Different from pushchair, clothes etc. (money from these would be yours).

Well I'm going against the grain and saying your money, or rather you should choose how to spend it. I wouldn't have thought twice about using it for household stuff and birthday presents. £80 is a lot of money! My kids are much smaller though, has this occurred to her and will she feel entitled to it?

Depends - will the next thing that is bought for her use (say a bike or a trampoline) come out of 'her' money, or 'household' money ?
Generally, if something has been given as a birthday/Christmas present then I'd say it belongs to that child, not the household (somewhat different from a pushchair MamaChoc , unless your dc had that for her birthday?), but then it gets complicated by younger children getting things that were given as presents to older ones, passed down.

I'd use the money myself.

Your money, but I would probably use it for birthday presents or new clothes for her or something.

It's hers.

It's her money as it's the proceeds of selling a gift that was given to her. It is different from pushchair/other necessary equipment that she didn't ask for!

I buy my kids stuff all the time, if I sell something I decide who gets the money, if they sell something they get to keep the money.

in fact, I bought dd1 a Wendy house costing £200 for her first birthday, I was on the verge of selling it (she's now 6) but will keep it now for dd2 6mo to use. when I sell it in a few years should I really give the money to dd1?

I would try and put it in her bank account when you can afford it.

Her bank account, if only because otherwise you don't really save for the future. If you were sealing it because you are broke and desperate for cash that would be different.