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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To do this (childs bank account related)?

2 replies

HappytobeFree · 02/08/2018 18:34

DD is 3, so doesn’t really have any concept of money or savings etc. She has two bank accounts, a savings account which I can access whenever I need to and an ISA which no-one can access and will be given to DD when she is 18.

I split any money she gets for her birthday or Christmas (which is usually £60-80 as she has relatives that live quite away from us and just stick a card with money in the post rather than a present) between her accounts, so if she gets £60 I’ll put £30 in each account. Then when I am near a toy shop with DD and I know she has some money we pop in and buy a new toy. I pay on my card/with my cash then go and withdraw the money from her savings account to me back when I am next near the bank.

I never use the money for food, or shoes or clothes for DD, it is literally used for toys after her birthday or Christmas, sometimes it can be a few months after the day that we go shopping as the nearest big toy shop is out of town and I don’t go often. I do sometimes use that money for days out but I pay the ticket price but use her money for her to buy a small souvenir from gift shops.

ExH says I shouldn’t be using the bank account like that and if it’s in her bank account I shouldn’t touch it. The conversation started as DD has bought herself some garden toys today from her birthday money (birthday was in June). I explained I never use the money for clothes or her shoes or food and her relatives (most of them are his relatives but he doesn’t speak to them for some reason so they send cards to my address so that they know DD will get it – I also go to the effort of making thank you cards with DD to send back to them as ExH wouldn’t bother) send the money for it to be spent on “fun” things for DD and as long as the money is spent on DD I think it doesn’t matter. ExH says it's wrong, it's DDs money and I shouldn't be using it for things I should be buying myself.

AIBU or should I be buying these things and leaving DDs money alone? Will add I always split the money equally so half always goes into her ISA which we cannot access so she will still have some savings when she reaches 18.

OP posts:
madrush · 02/08/2018 18:38

Sounds like you are dealing with it brilliantly to me. I’m sure the relatives that sent it would be equally happy with putting it into savings for her future, or treating her to fun toys/days out etc as opportunities arise. If her Dad doesn’t like it, bypass the bank altogether for the fun half and have a piggy bank in her bedroom.

Zarya · 02/08/2018 18:42

Sounds sensible. By christmas or her birthday she will get the concept.

Ds just turned four. Two people gave us money before and we used it to buy things he wanted from the toy store. He then got them on his birthday. Before last christmas, we used to just put in his savings.
At his birthday he got more in cards, so we explained to him that we can go shopping for some things.
Today he bought one big thing and he fully understands it was with his birthday money. We will do thank yous to the people saying what he bought.

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