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what do you do with monetary gifts?
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mooshyboo
So Blessed!
Member since 11/07 6297 total posts
Name:
Christine
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Re: what do you do with monetary gifts?
We opened a saving's account for our DS and all monetary gifts go in there. Growing up ~ my parents used all monetary gifts ~ so I want to have my DS's money kept separate so he can have his own money! When he is older ~ I will have him deposit 50% in his acct and 50% he can save for something special for himself. 
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Posted 4/15/10 5:05 PM  |
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LemonHead
Sour Girl
Member since 3/08 5271 total posts
Name:
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Re: what do you do with monetary gifts?
Any money my DD receives goes into her bank account.
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| Posted 4/15/10 5:19 PM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: what do you do with monetary gifts?
all of the fun money is money we provide.... so if we can't afford it, it doesn't get done.
All monetary gifts go into a high-interest (well, not anymore) account. I personally believe cash is King- but that's just me. I also bought a few stocks to hold for DD (just your regular household name stuff)...
when I give money to a child- I expect it to be saved... but I don't give cash- only bonds.
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| Posted 4/15/10 5:31 PM |
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dawnygirl25
Growing up soo fast..
Member since 1/06 14917 total posts
Name:
Dawn
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Re: what do you do with monetary gifts?
I put everything in her savings account. If someone gives her $20 or some other small amount such as on easter - I let her buy something at the store if she wants to. Sometimes she says she wants to save it anyway
I dont worry about what others do with the monetary gifts I give. I dont mind as long as it goes to the child in some way.
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| Posted 4/15/10 8:16 PM |
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Hotmamma408
LIF Adolescent
Member since 6/08 692 total posts
Name:
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Re: what do you do with monetary gifts?
Posted by SweetCaroline
Every penny goes in their savings and I move around into CDS as I see fit.
I don't care what others do with my gift $$.
same here
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| Posted 4/15/10 9:15 PM |
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aliwnec10
mom of 3 boys
Member since 4/06 11426 total posts
Name:
Ali
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Re: what do you do with monetary gifts?
80% of his money from the baptism went into a 529 plan. THe rest went into a savings account at the bank. All money he gets for holidays & birthdays will go into this account.
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| Posted 4/16/10 6:50 AM |
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LulaBell
:)
Member since 1/06 3508 total posts
Name:
J
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Re: what do you do with monetary gifts?
Posted by eager2BeOB
Posted by SweetCaroline
Every penny goes in their savings and I move around into CDS as I see fit.
I don't care what others do with my gift $$.
same here
Same here
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| Posted 4/16/10 7:44 AM |
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| Pages: 1 2 [3] |
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