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OrganicMama
So in love with my little man!
Member since 6/08 5172 total posts
Name:
Mama
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What did you do with monetary gifts from DC's birthday?
DS got mostly cash for his first birthday, some clothes and the rest outdoor toys. Did you put the cash in savings? Spend some on toys? He's outgrown a lot of toys but we don't exactly have the extra money to use to buy him new. Is it wrong to use some of his birthday money to buy him some new indoor toys?
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Posted 7/23/11 10:14 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
memi7206
LIF Adult
Member since 3/11 2355 total posts
Name:
Due Dec 29th!!!!!
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Re: What did you do with monetary gifts from DC's birthday?
until hes old enough to actually want to keep it, it goes into his 529
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| Posted 7/23/11 10:15 AM |
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jgl
Love my little boys!!!
Member since 8/07 7060 total posts
Name:
g
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Re: What did you do with monetary gifts from DC's birthday?
we put it all in savings, but he also got a lot of toys/clothes. I think it would be fine if you spent some of it on toys for him. If it were me though I'd bank at least 1/2 of the cash
Message edited 7/23/2011 10:19:45 AM.
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| Posted 7/23/11 10:16 AM |
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Mags1227
Just a mommy ...
Member since 10/10 2665 total posts
Name:
M
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Re: What did you do with monetary gifts from DC's birthday?
i think that's fine. it's money he got so it should be spent on him. i'd use it for whatever he needs and put the rest away for college. (i think people give money because they don't know what to buy and trust you to spend it on your LO however you need to)
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| Posted 7/23/11 10:16 AM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: What did you do with monetary gifts from DC's birthday?
Any cash gifts go into a stock investment account.
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| Posted 7/23/11 10:19 AM |
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4PsInaPod
My Loves <3
Member since 7/07 10079 total posts
Name:
D
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Re: What did you do with monetary gifts from DC's birthday?
529 account
ETA - I also don't see anything wrong with taking some of it and putting it towards some new toys for him if he needs them
Message edited 7/23/2011 10:35:08 AM.
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| Posted 7/23/11 10:34 AM |
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jlk51496
Mom of 3 - YIKES! =)
Member since 10/09 6758 total posts
Name:
Katie
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Re: What did you do with monetary gifts from DC's birthday?
100% of it went into their savings acct
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| Posted 7/23/11 10:35 AM |
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Domino
Always My Miracle
Member since 9/05 9924 total posts
Name:
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Re: What did you do with monetary gifts from DC's birthday?
The checks I put in his money market and the cash I spent on a trip to target for diapers, clothes and some toys.
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| Posted 7/23/11 10:39 AM |
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sunnygirl
loving life
Member since 1/07 5413 total posts
Name:
D
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Re: What did you do with monetary gifts from DC's birthday?
absolutely you can spend the money on some toys, isn't that why some people give gift cards, sometimes i give cash rather then a gift card so they aren't limited to one store
i put all the money in savings for them but you do what you want its your child and your choice, maybe try to put some into savings but definitely use some to buy toys
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| Posted 7/23/11 10:41 AM |
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OrganicMama
So in love with my little man!
Member since 6/08 5172 total posts
Name:
Mama
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Re: What did you do with monetary gifts from DC's birthday?
Thanks everyone! I think i will spend maybe $50 on new toys (if I even need to) and bank the rest. I forgot I have a few things that need returned from his bday and he got a TRU gift card. That should cover any new toys for him and I will probably be able to put all of the cash & checks in his account.
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| Posted 7/23/11 10:47 AM |
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A3CM
Avatar Title
Member since 9/08 3762 total posts
Name:
Mommy
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Re: What did you do with monetary gifts from DC's birthday?
anything over $2,500 goes into their investment portfolio... anything under $2,499 goes into their savings.....
i cant see keeping that much money in his savings account because it earns so little interest...
i dont believe in 529s which is why we have stock portfolios for each child and whole life ins policies...
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| Posted 7/23/11 11:48 AM |
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junebride06
love my boys!
Member since 2/08 3181 total posts
Name:
Robin
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Re: What did you do with monetary gifts from DC's birthday?
savings account
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| Posted 7/23/11 3:45 PM |
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BBmaking
LIF Adolescent
Member since 1/10 791 total posts
Name:
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Re: What did you do with monetary gifts from DC's birthday?
savings account and 529
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| Posted 7/23/11 4:02 PM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: What did you do with monetary gifts from DC's birthday?
Savings account.
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| Posted 7/23/11 4:09 PM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: What did you do with monetary gifts from DC's birthday?
All but $50 goes into her savings. I let her pick out something (or a few things) she might have really wanted with the $50.
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| Posted 7/23/11 4:37 PM |
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TheDivineMrsM
2 girls 4 me!
Member since 8/08 7878 total posts
Name:
Mama mama mama....
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Re: What did you do with monetary gifts from DC's birthday?
Posted by DPerotti
529 account
ETA - I also don't see anything wrong with taking some of it and putting it towards some new toys for him if he needs them
ITA with this
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| Posted 7/23/11 7:15 PM |
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Momma2Be
Mommy of an angel
Member since 10/09 5911 total posts
Name:
Dina
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Re: What did you do with monetary gifts from DC's birthday?
Posted by BBmaking
savings account and 529
same here.
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| Posted 7/23/11 7:30 PM |
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