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Reply to "Wwyd - fil just giving cash to 4yo"
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[quote=Anonymous]My parents did this and still mom does it, as does my FIL. Kids are not in college. We put the money into kids' savings, as my parents were known to give them a few hundred. By the time they were 17, they have a few thousand in savings. DD would spend it and DS saved and saved, so he has 10K in savings when combined with his summer jobs. We are not rich and the extravagant gift giving that dcumers talks about is not within reach for grandparents in our family. I still think having 10K when you are finishing college from random gifts is pretty great.[/quote]
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