Comments on: Is Money a Good Gift for Kids? http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids Mon, 21 May 2012 00:25:59 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: Mrs Money http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids/comment-page-1#comment-5487 Mrs Money Mon, 26 Jan 2009 22:46:27 +0000 http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids#comment-5487 momthing1- I agree with you 100% on the clothes and toys thing. They have SO MANY toys it's crazy! I am glad I didn't buy her more toys. I ended up taking her to Target and let her pick out some clothes. I think it was a good solution! Deirdre- Thanks! I did end up taking them to Target for her to pick out a present (I bought her clothes, some bubble bath, and a ball for $26), Pizza Hut for dinner, and then to Chuck E Cheese. I worried about the extra money I spent but I hardly get to do things with them so I looked at it that way. I shouldn't worry that much about money! I truly enjoyed my time with her. I do appreciate your input. Thanks for stopping by! Miss M- I'm not sure if they have a college plan set up for her. It would be awesome if I could just transfer that money over! momthing1- I agree with you 100% on the clothes and toys thing. They have SO MANY toys it’s crazy! I am glad I didn’t buy her more toys. I ended up taking her to Target and let her pick out some clothes. I think it was a good solution!

Deirdre- Thanks! I did end up taking them to Target for her to pick out a present (I bought her clothes, some bubble bath, and a ball for $26), Pizza Hut for dinner, and then to Chuck E Cheese. I worried about the extra money I spent but I hardly get to do things with them so I looked at it that way. I shouldn’t worry that much about money! I truly enjoyed my time with her. I do appreciate your input. Thanks for stopping by!

Miss M- I’m not sure if they have a college plan set up for her. It would be awesome if I could just transfer that money over!

]]> By: Miss M http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids/comment-page-1#comment-5440 Miss M Fri, 23 Jan 2009 18:19:35 +0000 http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids#comment-5440 I think it's a better gift than stuff she might not use or like. Honestly she won't remember, the first birthday I remember was my 3rd. You should talk to her mom about a savings account or college plan you could contribute to, when I'm a mom I would love if relatives would help out with that. I think it’s a better gift than stuff she might not use or like. Honestly she won’t remember, the first birthday I remember was my 3rd. You should talk to her mom about a savings account or college plan you could contribute to, when I’m a mom I would love if relatives would help out with that.

]]> By: Miss M http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids/comment-page-1#comment-5439 Miss M Fri, 23 Jan 2009 18:19:14 +0000 http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids#comment-5439 I think it's a better gift than stuff she won't use or like. Honestly she won't remember, the first birthday I remember was my 3rd. You should talk to her mom about a savings account or college plan you could contribute to, when I'm a mom I would love if relatives would help out with that. I think it’s a better gift than stuff she won’t use or like. Honestly she won’t remember, the first birthday I remember was my 3rd. You should talk to her mom about a savings account or college plan you could contribute to, when I’m a mom I would love if relatives would help out with that.

]]> By: Deirdre http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids/comment-page-1#comment-5438 Deirdre Fri, 23 Jan 2009 18:15:49 +0000 http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids#comment-5438 In my opinion, a trip to Chuck E Cheese is more than enough of a present for a 2-year-old. I would certainly not give $20 as well, unless you know that her parents are really strapped for money and could use that to buy her something she *needs*. In my opinion, a trip to Chuck E Cheese is more than enough of a present for a 2-year-old. I would certainly not give $20 as well, unless you know that her parents are really strapped for money and could use that to buy her something she *needs*.

]]> By: momthing1 http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids/comment-page-1#comment-5434 momthing1 Fri, 23 Jan 2009 07:56:08 +0000 http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids#comment-5434 I think it depends on your relationship with the parents. My children are 18 and 13 now. Several times over the years, they received cash as gifts. I always tucked the cash into their bank accounts, which they eventually appreciated. But I value saving, and I wanted very much to teach my children to value saving. I also am somewhat of a minimalist. I don't like having lots of stuff. I often felt my kids had TOO MANY toys (most of which I did not buy) and TOO MANY clothes (I was very fortunate in the hand-me-down department). So I was just fine with anyone giving them cash. However, some parents are not fine with it. Some parents find it tacky, or as you mentioned thoughtless. So, if I know the parents well, and they know me well enough to know that I value saving, then I will sometimes give cash to a small child. If I don't know the parents well, I buy a gift. I think it depends on your relationship with the parents.

My children are 18 and 13 now. Several times over the years, they received cash as gifts. I always tucked the cash into their bank accounts, which they eventually appreciated. But I value saving, and I wanted very much to teach my children to value saving. I also am somewhat of a minimalist. I don’t like having lots of stuff. I often felt my kids had TOO MANY toys (most of which I did not buy) and TOO MANY clothes (I was very fortunate in the hand-me-down department). So I was just fine with anyone giving them cash.

However, some parents are not fine with it. Some parents find it tacky, or as you mentioned thoughtless. So, if I know the parents well, and they know me well enough to know that I value saving, then I will sometimes give cash to a small child. If I don’t know the parents well, I buy a gift.

]]> By: I'm a Sucker for the Red Stickers | The Ultimate Money Blog http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids/comment-page-1#comment-5429 I'm a Sucker for the Red Stickers | The Ultimate Money Blog Fri, 23 Jan 2009 00:00:46 +0000 http://ultimatemoneyblog.com/is-money-a-good-gift-for-kids#comment-5429 [...] Walking through Target the other night was certainly interesting. For one; I haven’t been in a Target store for probably over a year.  Secondly, I have never been so enticed to the “deals” as I was last night!  I don’t know what the deal was, but I was having a hard time focusing on the real reason we were in the store: to look for a birthday present for my niece. [...] [...] Walking through Target the other night was certainly interesting. For one; I haven’t been in a Target store for probably over a year.  Secondly, I have never been so enticed to the “deals” as I was last night!  I don’t know what the deal was, but I was having a hard time focusing on the real reason we were in the store: to look for a birthday present for my niece. [...]

]]>