....that it would be okay to just give them money? I was thinking of getting a loan so I could give each of them $10,000. I only have 5 grandchildren (aged 2 to 7), and I really want them to love me. Good idea? Thanks so much for your help.
2007-10-23 07:35:53 · 31 answers · asked by Emperor Insania Says Bye! 5 in Society & Culture ➔ Cultures & Groups ➔ Senior Citizens
I don't think it's a good idea if you have to borrow the money, no. Your grandchildren wouldn't expect that anyway--and they'll love you without the extravagant gifts.
Lady G--Shame on you. Why do you automatically assume he's a troll? That's how unfair reports & suspensions happen on here. I happen to know Emperor, and this was a serious & heartfelt question he's asked.
(((Emperor)))
2007-10-23 07:50:03 · answer #1 · answered by I Love Lucy 3 · 7⤊ 1⤋
Kids will love you rich or poor. Now there has to be some way to get the money you need to set up funds for you grandchildren. A loan is no good since you have to repay interest. Do you have something you can turn into cash that you don't need anymore? Scrape the money together and don't borrow. Put into some sort of fund that they will access when they are older for college or buying a home.
2007-10-23 12:32:06 · answer #2 · answered by ncgirl 6 · 1⤊ 0⤋
Wow that sounds like a very extravagant gift that might get some attention but considering the children are between 2-7 I don't think they will care that much about it. I am sure they would love you no-matter what the gift.
As a suggestion I would probably avoid getting a loan and causing financial stress. It might be worth opening them each a savings account in the bank and depositing a smaller amount of money. This way this money could slowly grow to a very helpful college fund. You could add to this when and if you can.
This would make a great 'long-term' gift and something that will certainly be appreciated later on in their lives. However, maybe a nice computer with educational software would make for a secondary less expensive gift that will probably get more of their attention at this age. Kids seem to like things that can be wrapped in big boxes!
Good luck
2007-10-23 07:45:03 · answer #3 · answered by ER 2 · 7⤊ 0⤋
Geesh, you guys got off cheap, mine it never ends. no, kidding, mine are good to me.
I do think taken out a loan for Christmas is never a good idea.
The fact that your grandchildren are that young they won't remember anyway.
Mine like time with me, I guess they think i am nice, and doing silly things. Last Christmas I took mine on a small train ride on a old steam engine. The youngest still talks about it. We stayed in a old hotel the night before and then went on the train the next morning, Did a turn around and were back in the afternoon. we spent the whole time on the train playing and talking. I had more fun I think. And the whole thing was under 200 dollars. It might make more memories for your grandchildren then money. Don't get me wrong all kids love money even my grandchildren but creating memories if more fun.
2007-10-23 09:08:21 · answer #4 · answered by doxie 6 · 4⤊ 0⤋
In my opinion small children do not understand an amount of money that large. I think they'd prefer an educational toy. Perhaps a pretty outfit.
I would not want to see you go into debt for something much bigger than they can comprehend. Now perhaps their parents could use the money to care for them or provide a better home for them. Or pay for day care, activities or bring them on a nice trip with you.
I guess I live so below that type of gifting I cannot see the need in it.
My husband have over 20 grandchildren and we make jokes about how we are using our money that should be saved to take care of ourselves in our old age on the presents we buy them. We spend maybe 3-4,000 on everyone and ourselves gifts. This is the most I have ever spent. None of my adult children spend more than that either. Of course I have had $100 Christmases for 3 kids in the past and that included our dinner.
2007-10-23 08:06:35 · answer #5 · answered by Southern Comfort 6 · 4⤊ 0⤋
I agree with Elle R. These children are to young to appreciate a large sum of money. I bet they will love a college fund as they get older. Kids want to tear the wrapping paper off of boxes. Taking out a loan is a bad idea. Be a loving grandparent and you will have loving grandchildren.
2007-10-23 12:18:57 · answer #6 · answered by curious connie 7 · 1⤊ 0⤋
You cant buy love. Just get them a gift and maybe put some in a savings account . That is too much money and why should you have to pay interest on the loan. I would not borrow that much,what are you going to do next year if you are still paying this off?
2007-10-23 10:09:10 · answer #7 · answered by Aloha_Ann 7 · 1⤊ 0⤋
I think the thought is very sweet and it would be ok if you had the extra money, to set them up accounts or college funds. It's not a good idea to go into debt though. They are very young, so they wouldn't even realize the sacrifice you are making for them. You can give them a smaller amount of money, whatever you can afford and I'm sure they will have fun spending it. The best thing you can give your grandkids is your time and your love, esp while they are small. That's the gifts I remember most from my grandparents.
2007-10-23 07:51:37 · answer #8 · answered by luvspbr2 6 · 5⤊ 0⤋
This is a joke, right? You're trying to buy love. I'm amazed that you got this far in life thinking that you can trade emotions for cash. You have an inflated opinion of your few pieces of gold. Sounds like you have more money than sense.
You're on the wrong track. Give them the most expensive gift you have: your time.
2007-10-23 11:29:53 · answer #9 · answered by TryItOnce 5 · 1⤊ 0⤋
We have 5, too. Love them to death, but we have to set a limit. We try to get them each one or two things that we know they want or would like...and then little doo-dads and silly, fun things. I try to find special and different ways of wrapping it all, and sometimes that impresses them the most. One year I found big 3 ft. stockings, personalized each, and then filled them with all their gifts. They still talk about it! And each year I always attach a special ornament to one of their packages....something that relates to each particular child. They like the idea of having their very own collection of ornaments to hang on the tree. Please don't do anything that's going to put you in debt. If and when there comes a time when you can comfortably do a large monetary gift, wait till they're much older...like college age...when they'll need and appreciate it the most. Your grandkids are going to love you no matter what...as long as you're in their lives as much as possible and remain a "constant" for them.
2007-10-23 08:36:07 · answer #10 · answered by night-owl gracie 6 · 5⤊ 0⤋