is 1000 dollars to much for a 12 year old to get on their b-day?

Question

i get 1000 dollars on my day and 500 on my sibs. my friend gets 2000. how much do you think the most should be?

Answer 1

Whatever you get, it's a gift and should be appreciated and not expected. I think 1000 is a little much - what does a 12 year old need so much money for? But, that's just my perspective. If you are saving it for something worthy, then who cares if your parents can afford 100, 1000 or 10000?

Answer 2

You bet it is too much. More appropriate would be $50. You probably have absolutely no idea what to do with $1,000, and I don't mean buying some stupid video or computer games, iPods, Blackberrys or any such similar waste of time. If you got $1000 before what do you have to show for it? Chances are if this is not the first time you have nothing left, and it was all wasted on senseless things.

I'm not about to tell you what you should do with the money because most likely you would not be the least bit interested and it is not something you would ever do anyway. At the very least, you should try not to become a spoiled brat.

$1,000 can disappear pretty fast in the hands of someone who cannot handle it.

Answer 3

The question is what are you doing with all the money? Saving it or throwing it to the wind? You should save as much of the money as possible and be allowed to spend a little on something practical. Many parents do not know sound financial advice so therefore many children are lacking too. Put the money away for college expenses, emergencies, a home or car. You will be thankful you started saving at a young age, the time goes by quickly. Learn to save smarter at a young age, you can be a Multi Millionaire at a young age if you invest your money correctly. Best Wishes and God Bless!

Answer 4

I think they should get about 10-20 Dollars and the rest should be put in a Savings Account for them until they are 18 years of Age . Giving them all that Money is teaching them to be Spoilt Little Brats.

Answer 5

shoveling sidewalks/drivewats for people is always popular but sense the days are closing in to christmas i know it sounds old fashion but you and your friend are 12 a simple hug and or kiss to those you love is the best gift you can give or something hand made. you said you can knit scarves that would be an awesome gift practiacal too.. Though the sidewalk shoveling got me anywhere from $1 to 10 a walk and i did it after a big snowfall did it for about 3 days i made about $50. But that went to help my moms christmas baking fund because mmmmmmmmmmmmmmm baking lol.

Answer 6

Those that say it's way too much, it veries according to each family. You could also argue about how much one receives in allowance each week.

The only thing I don't get is why you get so much for your siblings bday.

Other than that $1,000 is fine as long as most of it saved. There really shouldn't be a limit on how much one receives for his or her bday; it should be up to the family and independent of how much a friend gets.

As for me, I always saved almost all of the money that I received as gifts. By the time I was almost 17, I sold all of my stocks and mutual funds that my family had bought me when I was younger. I took that money and all of the money I had in savings and began to invest my own money in the stock market. I've been fortunate to have turn a rather nice return since then.

As to say what the limit should be for a child to receive on his or her bday should vary accordind to how well they could manage the money.

Answer 7

That's ridiculous! Why? LOL Yes, that is way too much money for a 12 year old. If you bought a gift that cost $1000.... like maybe a laptop or purse, whatever! That would be bad enough but money? Dont you buy gifts? Money is so impersonal....

Answer 8

as much as they give you. you can choose not to spend it an place the money in a savings account or on a cd. just remember the well might run dry and no more $1000 birthdays.

Answer 9

why would they give you cash and not buy you a gift valued at that price. I bought my daughter a $800 quad for her 6th birthday last year. I couldn't imagine giving her $800 cash.

Save most and spend the rest on something you really want.

Answer 10

wow that is a lot. The most i got was like $50. But just manage it well and save it for like college funds or something. don't tell anyone you think you're getting too much! lol.