Gifting to little nephew

[Anonymous]

My nephew is two. For his first Christmas, I opened a college savings plan for him and put in $100. We plan to put in another $100 this year and every year thereafter. Can't really swing more than that but I figure he will have a little slush fund for books etc when he goes to college. The question is, should I also send him something to unwrap? Even just as a little token? And if so, any suggestions? I know as he gets older I will def have to send something fun bc at age five he's not going to be impressed by a contribution to his college account!

[Anonymous]

Unnecessary. He will not care.

[Anonymous]

You could get something small like this:

http://www.amazon.com/gp/aw/d/B0080M1GX0/ref=mp_s_a_1_10?qid=1417779698&sr=8-10&pi=AC_SX110_SY165_QL70

[Anonymous]

Pp that is so cute. Thanks!!

[Anonymous]

This is such a good idea OP. My grandmother started an account for me when I was younger. It was a mutual fund. I remember opening a nice check one year (I think it was $1000) and being disappointed. I was 10 and that meant the money was being tucked away and there was nothing *now*.

Fast forward to being 30, pregnant and needing a HOUSE for the baby. Grandma's super generous mutual fund became something I repeatedly was thankful for. I still am thankful for it almost everyday. I send up thanks you to heaven and "i am so sorry for my bratty 10 year old self."

[Anonymous]

I tried SO hard to do this for my godchildren, but their parents wouldn't open an account!

[Anonymous]

No, love it. Wait until the kid is 4-5 and then send a present. Mine is five and I much prefer what you are doing.

[Anonymous]

Another to echo how great the college fund is. My childless uncle did it for me and I'm doing it for my nephew. I appreciated it SO MUCH!! I don't out a lot aside, but it's there. I do give little gifts each year though.

[Anonymous]

I do think a token gift is good. At that age, they are delighted with things that cost just $5, and it shows that you are thinking of them.

My DD2 adores stickers, crayons, self-ink stamps, bath toys, Duplos, and of course books.

[Anonymous]

Thanks all! We sent him a little fire truck. Love him. Of course now we need a game plan for future kids of theirs plus my DH's brother just had a kid and our kid is due in six weeks. So we'll have to figure something out bc otherwise this whole plan is going to get a little pricey!! I think we might just reserve a certain dollar amount that we are spending for nieces and nephews and spread it out per head. Thank goodness we have a small family!

[Anonymous]

Anonymous wrote:This is such a good idea OP. My grandmother started an account for me when I was younger. It was a mutual fund. I remember opening a nice check one year (I think it was $1000) and being disappointed. I was 10 and that meant the money was being tucked away and there was nothing *now*.

Fast forward to being 30, pregnant and needing a HOUSE for the baby. Grandma's super generous mutual fund became something I repeatedly was thankful for. I still am thankful for it almost everyday. I send up thanks you to heaven and "i am so sorry for my bratty 10 year old self."

Aw this is a sweet story

[Anonymous]

Just wanted to say that this is such a sweet and helpful gift idea. A 1 year old wouldn't really care about an extra gift. For the next few years they will be thrilled with a $2 pack of stickers. After they are 4-5 years old you can get them a nice book to add to their collection if you really felt like you needed to get them something extra. That way you can spend $5-10 for a tangable present and the rest for college books/living expenses etc.