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Reply to "MIL keeps buying kids crap"
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[quote=Anonymous]My mother used to do this so I convinced her to open a bank account for the kids instead so that when they are older they will have an account they can use for something special like a study abroad trip or another memorable from grandma experience. She actually really got into it (and declared it can't be used for a car!!) and loves seeing the account balance rise and imaging what the kids will do with it. My 10 year is aware of the account and will talk to her about it. My nieces go to the bank with her to deposit the funds and it is their outing. My 10 year old has close to $10k between birthday, holiday and random grandma $ so all that plastic junk adds up![/quote]
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