Comments on: Kid’s birthdays http://wideopenwallet.com/2008/06/kids-birthdays/ An honest look at family finances Tue, 06 Jan 2009 03:59:05 +0000 http://wordpress.org/?v=2.5.1 By: Slinky http://wideopenwallet.com/2008/06/kids-birthdays/#comment-277 Slinky Mon, 23 Jun 2008 14:20:48 +0000 http://wideopenwallet.com/?p=148#comment-277 I just went through this with my own nephew. He's just turned one, so I didn't really feel obligated to get him 'stuff' since he'll never even remember it (and he sure doesn't need anything). I opened a 529 plan for him, which his grandma(my mother) also contributed to. I will probably continue to contribute to that instead of giving him gifts or go half and half. It may be kind of grandmaish, but I'm going to be the rich aunt that teaches him good money management. Also the cool aunt with the awesome computers and cars. :) And if he doesn't want to go to college when he's older, I'll cash it out to him when he's 25, or earlier if he gives me a good reason why I should. Like if he wanted to open a car restoration or repair service (his dad's a big classic car junkie) and could show me a sound business plan. P.S. I love Jills idea too. I just went through this with my own nephew. He’s just turned one, so I didn’t really feel obligated to get him ’stuff’ since he’ll never even remember it (and he sure doesn’t need anything). I opened a 529 plan for him, which his grandma(my mother) also contributed to. I will probably continue to contribute to that instead of giving him gifts or go half and half. It may be kind of grandmaish, but I’m going to be the rich aunt that teaches him good money management. Also the cool aunt with the awesome computers and cars. :) And if he doesn’t want to go to college when he’s older, I’ll cash it out to him when he’s 25, or earlier if he gives me a good reason why I should. Like if he wanted to open a car restoration or repair service (his dad’s a big classic car junkie) and could show me a sound business plan.

P.S. I love Jills idea too.

]]> By: jills http://wideopenwallet.com/2008/06/kids-birthdays/#comment-269 jills Sat, 21 Jun 2008 01:25:57 +0000 http://wideopenwallet.com/?p=148#comment-269 I dont know how close you live to them, but buy them a 'day'. I have 9 cousins on one side of the family, and so for Christmas, my parents would buy everyone tickets to a provincial hockey game and we would all go together. One year, they took all the boys rockclimbing for a night in January as their present. It doesn't really matter what it is, it's just time spent together, doing something. If they're younger, a zoo, a waterpark or something with fun slides/watersprays, etc... I dont know how close you live to them, but buy them a ‘day’. I have 9 cousins on one side of the family, and so for Christmas, my parents would buy everyone tickets to a provincial hockey game and we would all go together. One year, they took all the boys rockclimbing for a night in January as their present. It doesn’t really matter what it is, it’s just time spent together, doing something. If they’re younger, a zoo, a waterpark or something with fun slides/watersprays, etc…

]]> By: Lynn K. http://wideopenwallet.com/2008/06/kids-birthdays/#comment-268 Lynn K. Sat, 21 Jun 2008 00:16:45 +0000 http://wideopenwallet.com/?p=148#comment-268 Okay, I paint <a href="http://korfforiginals.com" rel="nofollow">piggy banks</a>. You could get them a small (or large) piggy bank this year, and then give them money to put in it every year after....(yeah, just a small plug : ) Also, if you ever need a picture of a piggy bank for a post, feel free to use one of mine. I would be honored : ) Lynn <a href="http://korfforiginals.com" rel="nofollow">Korff Ceramic Originals</a> Okay, I paint piggy banks. You could get them a small (or large) piggy bank this year, and then give them money to put in it every year after….(yeah, just a small plug : )

Also, if you ever need a picture of a piggy bank for a post, feel free to use one of mine. I would be honored : )
Lynn
Korff Ceramic Originals

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