Savings and children

What would you do? When my daughter was born, some people gave her money instead of presents so we saved the money for her, and we did the same when my son was born. The problem is there is significantly less in my son’s account, roughly (£6,000). People who gave for my daughter didn’t give for my son or gave him a less. Do i take some out of my daughter’s account and give to my son? Or do we try and top it up to the same account ourselves. I just don’t want one child getting more than the other.

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If you have the means to equal the balances (and perhaps to invest the money / put some in a pension for them) do it, why not. If you can’t, I’d be tempted to equalise them in private and then set up a little standing order to each to keep them going until they’re older. First borns get a lot of fanfare, just the way. And people’s circumstances change over time so might not be anything in it at all. The kids will appreciate the gift in the end x

I wouldn't take from your daughters account as that money was given to her and as unfair as it is that your son doesnt have as much people's circumstances change. My first born definitely got a lot more gift wise than my second born unfortunately. My daughter will have a lot more than my son but mainly because we've had 2.5 years on putting money into her account but that may equal out by the time he has access to the money. It might not. If you can and feel comfortable equaling it out so they have the same do so by all means (we can't so haven't). I'm sure they will appreciate the amounts they get no matter what.

So far my son has $3500 and my daughter has $100. She isn't born yet. The amount for my son has accumulated over shower, baptism and birthdays. It makes more sense for him to have more money as he's been here longer. I figure they will average out as they grow up. If it really bothers you then equal them out

This is pretty normal tbh for first and second kids. People are always less excited about the second which is a bit sad! If you have the means to even it up eventually then I would, but I wouldn't take from your other child as that's not fair either. We just reckon it'll even out eventually and if it doesn't we'll top it up closer to when we give it to them at 18.

If you want to even out the accounts, it doesn't matter where you take it from. Money is fluid and whether you do it from your own account or your daughter's account, at the end both are going to get the same. You can also top both up in the future. It is more a matter of having the resources to do so.

I normally share so they both have equal amounts in their accounts