what becomes of mitzvah $
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Anonymous
| For those with kids who received money for their b'nai mitzvah and kept it in the bank, what did the kids eventually do with the money? |
Anonymous
| It's how I paid for part of college. |
Anonymous
| It's sitting in a money market for my kids. As they earn money via W2 jobs, I tranfer that amount into their Roth IRA. |
Anonymous
| DH used part of it for a bass guitar and amps. He did bnd gigs and studio work in LA that paid for a lot of college. |
Anonymous
| It wasn't as much as those who claim a Bar/Bat Mitzvah is a money grab claim - and ours had 150 people. We let each kid purchase a big item they wanted, and put the rest in their 529s. It wasn't a huge amount, a couple of thousand dollars each. |
Anonymous
| MY DH put it in a CD. He gets a small chunk each year and then all of it at 16 which will help him pay for gas and food money when he is out more on his own. |
Anonymous
| Due to Covid and no party, it was a really small amount (I think $500 or so?) Ds just kept it to do what he pleased with it. |
Anonymous
| Back in the day (early '80s), my parents took it and I never saw it again. They did pay for my college education so I suppose it went toward that (and I do greatly appreciate it). I don't think it ever went into a dedicated account, though. |