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General Parenting Discussion
Reply to "My kid’s birthday is close to christmas"
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[quote=Anonymous][quote=Anonymous]This is op. I meant his birthday(early december) is less than a month away from Christmas. He is 5, turning 6 this year and he does not need to spend any money. He does have 529, but we contribute money on his behalf. I am not sure if he would like the ideas that we take away his money from piggy bank to put into 529. Actually I always run out of ideas what to get him, so I may stop the tradition that I started to gift numbers of gifts based on his age. [/quote] Let him have some of the money to buy a toy or cards or whatever he wants. Put the bulk of money in an Index fund for him- he can use it for something nice when he is in his twenties. My mother’s birthday was three days after Christmas. When she was growing up, she had her party on her half birthday. [/quote]
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