Holiday Gift Idea #20 (11-21-13)

Today’s Gift Idea:

Here is today’s gift idea tip inspired by our featured picture book, NURSE CLEMENTINE.  Read the book to a child in your life each day as a reminder of what you are deciding and practicing that day.

November 21, 2013:

Gift Idea:  Consider starting a money management plan before the holiday.

Set some rules about what happens to money that the child receives for gifts.

Decide on what percentage of each gift will be for

      1. “free spending” (decide whether you will have approval of what this is used for or not; if so, only judge for matters of safety or morals, not the wisdom or maturity of the child’s choices),
      2. “savings for needs” (for example, college fund),
      3. “savings for wants” (for example, new bike or computer game),
      4. “charity” (of the child’s choice).

Come back each day for another good gift idea for this holiday season. (Each day’s idea will also be posted on Daily Parenting Tips page for easy access.) Read the whole story at THAT SPECIAL GIFT, PART 2.

What do you think?

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