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What to do with monetary gifts?

Forum Opinion Poll
put in the bank, never touch it, give to child once thier an adult (or when you see fit) 63 69.23%
use it, when needed for child, throughout childhood & hope there is $ left for an adult 22 24.18%
other, expain 6 6.59%
 

Poll..what to do with monetary gifts? opinions please!

Posted By Message
Pages: 1 [2]

CrankyPants
I'm cranky

Member since 7/06

18178 total posts

Name:
Mama Cranky

Re: Poll..what to do with monetary gifts? opinions please!

Everything goes into accounts for them and we don't touch it but I could see your rationale.

Posted 4/20/10 9:10 AM
 

JennB
My princess <3

Member since 5/09

2473 total posts

Name:
Jenn

Re: Poll..what to do with monetary gifts? opinions please!

I think that when my parents had a party for me like communion, christening or something they used the money to pay for the party and then gave me all the bonds and what not because I never got that money but I'm sure they used it for the many things I was able to have/do. My grandparents kept a separate account that they would put $ in for us for our b-days and holidays, again not much. I think after like 12 years there was barely $1,000 in it so I used it to buy my car.

Our dream is to be able to pay for our children to go to college, but if we can't afford it I want to keep this account for her to fall back on. It will only be used for college and if we can pay for it, then I want her to use it towards buying a house. So far we only have the money from her christening but we plan to put a certain amount in from us every few months and add to it with the gifts from other occasions

Posted 4/20/10 10:21 AM
 
Pages: 1 [2]
 

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