Money Moral Maze: How to fairly distribute a gift between two children?

with any financial dilemma and enter the Money Moral Maze. If you have a dilemma you would like us to look at, please contact us at

Some may believe the answer to this question is simple. But while it seems fair at first to subtract the £3,000 you paid towards your younger daughter’s course from her allowance, this may actually end up opening a can of worms.Firstly, exactly quantifying what you have given to each child in the past may be difficult.

Gifting to children also isn’t a commercial transaction. What you give to your children doesn’t need to fit on a balance sheet and all add up – it can be according to need at the time. This £3,000 that you gifted years ago was because your daughter needed it to do what she wanted to do, and I’m sure you’d have done the same for your other daughter, were she to have needed it.

It is no doubt a lovely gesture that you made for your youngest when she needed help with the cost of her education but unless you gave the same amount to your eldest, it could prove tricky when looking to gift them both more money. It’s not hard to imagine she may well feel a little hard done by, even if she is receiving a generous sum now.

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Money Mindset: How We Think About Money Can Improve Our FinancesThe psychology of money mindset and how it can shape the way we handle our finances.
Source: GlamourMagUK - 🏆 2. / 98 Read more »

DWP payments and money changes in NovemberThe government is expected to announce a range of major economical decisions in November
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Rangers could sell Jack Butland if 'silly money' offered for No1 claims punditFormer Ibrox boss Michael Beale snapped up for the former Manchester United loanee on a free transfer this summer as a key summer acquisition and he's been arguably Rangers' best player to date.
Source: Glasgow_Live - 🏆 4. / 97 Read more »

I tried Hello Fresh for a month to save moneyI tried Hello Fresh for a month hoping to save money and be inspired by new recipes - I was shocked at the difference it made financally.
Source: Glasgow_Times - 🏆 76. / 59 Read more »

Five key money conversations every couple needs to haveAs Talk Money Week approaches, Vicky Shaw looks at how couples can approach discussing finances.
Source: BelfastLive - 🏆 16. / 77 Read more »

How I Manage My Money: Operations manager with a 100% mortgage, spending £9,000 on a holidayDan French spent thousands on a once in a lifetime holiday but is now working to build up his savings
Source: i newspaper - 🏆 8. / 89 Read more »