wow, this thread is an eye opener. I feel embarrassed bilby has no bank account. I'm about to start an account with The Smith Family (to save for her school expenses next year when her schooling begins). I spent the baby bonus on what we needed in the first two years of her life. (no flat screen tv i promise).
Don't feel bad, whilst the kids have accounts, we had to spend the baby bonus on living expenses after dropping an income, so they got none of that.