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Gaston
LSU Fan
Dirty Coast
Member since Aug 2008
21474 posts

Parents giving my 7 yr old $100 for his birthday, acceptable?

We're trying to teach my son about saving his money for little cars and toy guns and whatever he wants, and trying to implement some sort of chore vs payment (allowance) thing. My folks put a $100 bill in a birthday card and my wife and I are on the fence about giving it to him. We're working on the order of $3-8 and what that buys and how you need to save your money if you want that little motorcycle, just some appreciation that things cost money. $100 is going to blow this whole thing out of the water.

What would you do with the card and money?


wish i was tebow
Arizona Fan
The Golf Board
Member since Feb 2009
43604 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
just give him a small amount put the rest in an account for him or something


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ForeverLSU02
Penn Fan
Albany
Member since Jun 2007
34034 posts
Online

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
Put it into a savings account for him


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Doldil
Auburn Fan
The Ham
Member since Jan 2010
4656 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
put it in to his piggy bank secretly or something if you're worried about it, but it's the kids money he should get to keep it...


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LSUsmartass
Pittsburgh Fan
Scompton
Member since Sep 2004
74991 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
Let your kid be a kid and give him the money


Hacker
LSU Fan
Eunice
Member since Jan 2009
2786 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
Start a savings account in his name

Better yet, go put it all on red and try and double his money
This post was edited on 5/23 at 9:03 am


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BOSCEAUX
LSU Fan
Where the Down Boys go.
Member since Mar 2008
35682 posts
Online

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
Always bet on black


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Crawdaddy
LSU Fan
Slidell
Member since Sep 2006
13219 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
make him save $90 bucks of it


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Brightside Bengal
New Orleans Saints Fan
Uptown
Member since Sep 2007
2920 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
Free money.......no thanks.

Holy hell you are dumb.


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Dooshay
LSU Fan
CEBA
Member since Jun 2011
29793 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
Make him start a savings account.

quote:

$100


Parents have physics degrees also?


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Brettesaurus Rex
New Orleans Saints Fan
Baton Rouge
Member since Dec 2009
26628 posts
Online

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
I would tell him that half (or more) will go to savings and he can either save or spend the other half.
I wouldn't force him to not touch any of it, it is still a birthday present. But I think that would allow him to enjoy it but still teaching the lesson


mylsuhat
New Orleans Saints Fan
NOLA
Member since Mar 2008
40272 posts
Online

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
My grandparents gave us $100 every birthday and Christmas... we were never allowed to spend it


Lsupimp
LSU Fan
Rent free;Liberal Brains everywhere
Member since Nov 2003
35404 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
Skittles !


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Eureka
Member since Apr 2013
138 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
Dude, just make it clear it is a birthday present. He's 7 so I'm sure he can understand it is a one time deal and he won't be getting hundred dollar bills every week.


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The Sad Banana
New Orleans Saints Fan
The gate is narrow.
Member since Jul 2008
83759 posts
Online

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
$100 is acceptable. I don't see what's wrong with it. If it were me, however, I'd explain to him that birthdays and special holidays are exceptions to the rule, but he still has to be a good boy to get good things.


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ctiger69
LSU Fan
New Orleans Saints/Pelicans Fan
Member since May 2005
11594 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
$100! I would thought I won the lotto at 7 years old. When I was 7 my weekly allowance was 1 dollar a week.


LsuTool
Ohio State Fan
OOOOOOOOOOOO
Member since Oct 2009
23932 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
give it to him and tell him he needs to expand his portfolio.

When he gets large amounts of money, it needs to be saved for imporatant things and put it in some type of account for him. Let him know the other $5-$10 gifts are for him to save up and do with what he pleases.


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
quote:

savings


da frick is that going to do? he'll make 0.5% interest while the inflation rate is "officially" 2-3% but realistically between 8-12%.

he'll be losing money if he doesn't invest it in something that is inflation proof.

frick it, i say let him blow it all on whatever a 7 year old's equivalent of coke and hookers is
This post was edited on 5/23 at 9:06 am


WilsonPickett
LSU Fan
St Amant, LA
Member since Oct 2009
608 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
Lil' Gaston gonna be a baller with a load of little motorcycles!!

Let him be a kid, save some and let him buy something he wants!


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cattus
Navy Fan
Seattle
Member since Jan 2009
6627 posts

re: Parents giving my 7 yr old $100 for his birthday, acceptable?
Get advice from your parents


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