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What do you do with your child's monthly Child Benefit payment?
Read more on PeanutThe views expressed in community are solely the opinions of participants, and do not reflect those of Peanut.
Learn more about our guidelines.I use it to get his nappies , wipes and snacks for the month
Buy my daughter toys, games or clothes etc
I don’t do anything separate with it. It just gets swallowed up in my monthly income and just as quickly spat back out on whatever needs paying for, e.g. bills, food shopping etc.
Use it for things my daughter needs for the month. But my partner puts £100 in her savings each month so I guess that’s the same thing (minus the £4.20 extra from CB)
I don’t get it 😅
Generally just goes on things she wants/needs, this month's has gone straight on swimming lessons 😅
I have put his in a cash box with an added £5~ each payment since birth and will keep doing that for as long as I can then when his old enough I will give it to him along with any other savings I have for him
£50 in junior ISA and the rest towards household bills/ clothes for him x
It goes towards nursery fees or on things he needs. The option to put it in a savings account just isn’t an option for a lot of parents who claim child benefit.
Use to go on formula, nappies and wipes for the month when she was a baby she’s 4 now and it typically pays for any clubs she goes to or towards Christmas or birthday presents.
The replies here reassure me! Ours just goes into the household pot but I know a lot of people who put theirs in a savings account for their kids and I was worried this was quite common and I was making a mistake! I saw it again on a silly sponsored ad where the woman put the. Child benefits into an ISA. I think if you can afford to then why not, it's a nice lump sum for your kids education or something important when they are 18. If you need it every month then of course why not spend it on the things you need!
It just gets mashed up into our monthly money, we put £10 a month into his saver then anything he needs we just buy!
In an ideal world I'd put it in her savings like my parents did for me back then but I can't afford this at the moment with maternity pay so it goes towards bills. I put £20 a month into her saver
We do £50 a month into savings and spend the rest on day to day stuff he needs.
It goes towards nursery fees.
We use it to pay for his messy play classes, toddler groups and stay and plays atm. As he gets older I imagine it'll be for some kind of sport group etc
Currently use it for his swimming lessons. But once he’s older, I’ll put into his savings x
Stocks and shares Isa. We don't have loads of money but enough for things she needs and for us so trying to invest until she's 20
I use it to buy everything my daughter needs that month - clothes, shoes…etc. We do have a savings account for her but I can’t afford to put the entire amount in as we need it to buy her things she needs now.
I invest it in my child’s junior isa except for months when we really need it.
We don't get it, but if we did we'd add it to their isa accounts. There's no shame or anything to worry about if you're using it for day-to-day purchases. That's literally what it's there for!
We've been putting some in his savings account each month and then the rest goes on Tumble Tots, Little Kickers and any other groups we do or things like swimming
We use it for something fun for him, this month is an indoor climbing frame. In the past it's swimming lessons, baby classes, bath toys, water table etc.
I try and put half into savings for my daughter
Some goes into my kids savings. The rest goes on bits the kids need during the month
Ours goes on things they may want or need for the month. Nappies, milk, snacks, and some towards nursery fees
Just use it to pay bills 💸
Which includes nursery etc
@Hollie same here!
Towards any paid activity, swimming/baby classes etc..
I put it straight into his junior ISA
It goes usually towards food, mines paid weekly I get £60 for 3 kids, and most the time it goes towards the food shopping tbh x
Pays for water babies but we also save £100 a month into a savings account for him x
I put most of it in her savings. The goal is £1000 a year in the savings account, we made it just after her 1st birthday for the first year because mat pay was rubbish so the child benefit payment had to be used for general life. Now we have nursery fees our goal may have to reduce!
I buy what ever my daughter needs. This months shoes for nursery, two emergency replacements for her comfort toy that I'm going to start rotating just incase the original disappears. A waterbottle and tomorrow will be wipes. The rest I tend to spend on her food. I make sure she has healthy food while I'm quiet happy to sit and eat noodles day in day out
When things aren't so tight, when ever that might be, I plan to put it in her stocks and shares ISA as that bank accounts still made more then my savings account despite the stock market going haywire.
Towards the children's upkeep, but mainly extra curricular activities.
It just goes into our joint account and we spend it on whatever. We do put £80 in savings each month for him and will do the same for baby number 2 who is due next month x
Goes on his essentials and anything leftover will go on little treats, an afternoon out or be put aside for Christmas/birthday gifts or savings
So far, we've been adding to baby's savings but will be using it towards nursery costs later.
If I have everything he needs then it goes on activities and days out but if not then i use it to buy what he needs he has a savers but that comes out of my money for him
Not eligible but if I was I’d save it for them .
@Jade I thought everyone was eligible?
when i had my first, it was solely used for nappies, wipes and formula each month (the whole monthly allowance would go on those three things. we would bulk by a months worth of nappies, wipes and formula). as he got older, past one, it helps *occasionally* if we’re short on food shop money or bills, cause at the end of the day kid needs feeding and a roof over his head🤣 we have a second now so we’ve got the extra bit on top now, so it is still going on formula, nappies and wipes monthly, then the extra again is for things needed like food shop, or my son is starting school in september so i’ve said next CB i’ll buy his uniform. i’ve said that when we are hopefully earning more than we are (me specifically as im the part timer) and we can live comfortably on our wages, then the CB will then be split and put into each of the boys savings xxx
Not UK but Canadians get a childcare benefit too. We try to put a portion into savings each month, and how much depends on how we're doing otherwise. If we can manage without it it all goes into savings, if we need to dip into some of it for bills we can. But only ever before it goes into his savings. Once money has been transfered into his savings that's it. We'd out it on a credit card rather than dipping into that
@Char if you earn over 80k, you’re not eligible x
@Sinead well, you can claim it but you'd have to pay some if not all of it back plus do a tax return. So it makes no sense to claim. It's quite a silly system!
We spend it on him. Whether that is on new clothes or toys etc. This month’s and last was put aside and then spent on a new bed, mattress and sheets for him. We tend to buy nappies/wipes/cows milk/snacks within the food shop, so the child benefit is purely spent on him x
We don’t really think about it. It all goes into the general account everything comes out of. Just helps float the bills.
I don't get it anymore but I got it for a year after he was born and it was immediately put into his savings account ☺️