Baby Bonus Bonanza

When we got  the Baby bonus we put it on the mortgage, then we drew on the mortgage and bought a new TV.  We are slowing paying the money back in to an account that we have opened up for bubs.  He will get the money when he is either 18 or 21 we haven't decided yet.

It is a shame to hear that people are having babies just for the money. 

We had everything we needed for Austin when he was born, so when we got ours, half of it went on my credit card because that paid for 90% of bubs stuff while i was pregnant and the other half bought us a new washing machine and fridge. I dont see that as spending it on ourselves. It was something that we needed and having the baby bonus made it just that little bit easier for us to get ahead.

I dont actually know anyone who wants to have a baby just for the money, i think they would have to be pretty dumb to thou considering it costs a damn sight more to look after a baby than $4000. I do know it happens, but i just dont understand their thinking...

with ours we willl be putting it towards a second hand car as i need a bigger one as we like to travel and my car isnt the best at the moment . i disagree with it been spent on drugs and alchol and people who just have kids just to get the money thats not right ,

my mums friends sister has lost a few babys and said it doesnt bother her all she wants is the money that makes me sick

belxx

For us we will spend it on a new car. Well it will be second hand and will be only a deposit but still new to us. We currently have a Toyota Camry which is fine for us now but with a forth child we need a bigger car. We need family time to go out and travel.

It doesn't worry me what people spend it on but does concern me if people don't think to spend it on their family and instead waste it, such as gambling or drugs.

We already have everything we need for bubs.So what we have chosen to do with the money is keep $1000 in my account incase anything comes up, that could be anything really for bubs, meds ect and the rest is getting put into an account that bubs cant touch till his 18, we will also be adding money into the account weekly..Its very hard to pay of loans on cars and things so i rather have the money there so he doesnt have to have the hassles of trying to own a car.

Dannii xxo           I dont agree with ppl who spend the money on themselves like clothes just for the sake of it, cos one day you mite need that money and its not there.I also dont agree with drugs or alcohol.. I do think its good to buy a car with if you dont have one or need a bigger one.

i just dont like the ppl who buy drugs and alchole with it

 

No matter who you talk to it seems everyone has a strong view on exactly what the baby bonus should or should not be used for. Some people feel so strongly about it they want their personal view to be law! People also seem to have strong views on who should and should not get the baby bonus, ie.only low income earners or only high income earners.

My view is that if people are looking after their babys' properly and are buying and/or have bought all that their baby needs then It up to them how they spend their "Bonus".  It is a bonus and I am glad that everyone gets it reguardless of their socio-economic status.

We personally stretched ours out for a while to cover all the not so little expenses that come with a baby and also to pay back an ambulance bill as I was rushed to hospital half way through our pregnancy and didn't have ambulance cover (very very expensive mistake, silly us).

What's a baby bonus?
...and where can I sign up?

There is no baby bonus here, or at least not that I have ever heard of.  There is a tax credit per child every year, so I guess that is as close as America gets.  We spend our tax money every year on our home, upgrades, before we owned our own home, it was used for past medical bills.  It depends on what you claim all year as to what you receive back at the end of the year.  I think the nanny idea is awesome!  I should hire a housekeeper to come in twice a week, I will play with the kids, they can deal with the house!

I am quiet upset to here that people are using there childes money to pay for items for themselves. The baby bonus is intended to HELP with the cost incurred Before and after baby arrives! Not for the Adults. Out of pocket medical expenses nannies and clothing nursery items, clothing Doctors. Not holidays and t.v.s and videos and cars and computers. I think its disgusting how people have babies for this money. Its to give your child a head start in life and to stop Family's from falling into debit.

The government is closely watching the young mothers that are having kids because they believe this is how they are spending there childs money.

When its the parents that are low income familys that have one partner working and the other at home watching the kids that are spending it on themselves.Yes you have every right to spend iton what you want, maybe you don't need baby things or have medical expenses, Still its not given to you for that, they named it incorrectly. While the Single parents that have nothing for there kids and don't become single parents alone get interigated. It makes me extremely angry that people would do that knowing that it will get revoked by the government and there are actually familys that DO use it for its intended purpose. As a result you dont suffer the strugglers suffer, but who cares hey? As long as it's not yourselves.

Great Artical!!