How much money to give kids?

posted 3 weeks ago in Finances
Post # 16
Member
1167 posts
Bumble bee
  • Wedding: July 2015

I’m still happy if someone gives me a birthday card with $20 in it.  My husband’s grandmother just sent my 1 yr old daughter a card with $2 in it, 1 for being 1, and 1 for good luck I guess.  I actually thought that was kind of cute.  According to my husband she still does that for him too, age + 1.

Post # 17
Member
1804 posts
Buzzing bee

My great-nephews are 8 and almost 10 now, and don’t come from households that make anywhere near $100K. 

For their birthdays at grandma’s house we gave them $5 in a card when they were younger, and $10 in a card now. They are kids, they don’t have expenses. They can put it with the other cash gifts and buy something they want, we aren’t worried what anyone will think of us.

Post # 18
Member
1508 posts
Bumble bee
  • Wedding: January 2027

glitterati :  I believe $25 to be a very appropriate amount for that age range. 

For refrence I have a 17 year old son, 13 and 11 year old daughters and 7, 6, 3 and 11 month old nephews, plus numerous cousins. 

Also, as PP stated, a lot of people give the amount of their age + 1 i.e. if she will be 12 then you give $13.

Post # 19
Member
1703 posts
Bumble bee
  • Wedding: May 2016

A kind of unique option is gifting 529 pre tax savings for educational expenses. I plan to gift BIL and SIL’s future kids these. 

Post # 20
Member
6615 posts
Bee Keeper
  • Wedding: January 2050

glitterati :  I think your update sounds good. That’s a perfectly respectable amount and does not set a precedent that might be hard to keep up with if more kids join the family in the future. When my husband and I married, we had one niece and one nephew and it was fun to buy them presents. Now we have 8, plus 9 niece-and-nephew-LIKE kids. It gets expensive fast. 

Post # 22
Member
1804 posts
Buzzing bee

What about if the kids don’t ever get in touch with you to say thank you, either by note, email, phone call, text, etc? Do you keep showering them with cash every year, when they are old enough to be taught?

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