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Should the kid keep $40? #4493665
08/20/17 01:40 PM
08/20/17 01:40 PM
Joined: Nov 2013
Posts: 867
Central Coast California
RedOakRanch Offline OP
RedOakRanch  Offline OP
Joined: Nov 2013
Posts: 867
Central Coast California
Looking for a yes or no on this one, here's the back story. My son was invited to an event and my wife and I gave him $40 for expenses. When he got back he still had the $40 and he said the other family paid his way for his birthday next week. For the record $40 is no burden to either family. One of us thinks my son should keep the money since we planned to spend it on him anyway. The other thinks we should keep it as the expense wasn't as expected. So what do you think?


1994 Ford Crown Vic 207k-Frankenbrew 0w20,30,40!
2005 Chevy 1500 Crewcab 4X4 180k-BC 0w30 $2/qt
2016 Outback 2.5 Limited 60k-shop brand?
Re: Should the kid keep $40? [Re: RedOakRanch] #4493667
08/20/17 01:45 PM
08/20/17 01:45 PM
Joined: Sep 2010
Posts: 7,001
Texas
4WD Offline
4WD  Offline
Joined: Sep 2010
Posts: 7,001
Texas
He should put in savings and not blow it ...

Re: Should the kid keep $40? [Re: RedOakRanch] #4493668
08/20/17 01:47 PM
08/20/17 01:47 PM
Joined: Jan 2008
Posts: 10,694
OH
SatinSilver Offline
SatinSilver  Offline
Joined: Jan 2008
Posts: 10,694
OH
I'd let him keep it. Don't want to be an Indian giver. How would you like it if your dad gave you $40 then wanted it back later? Not worth splitting hairs over.

Re: Should the kid keep $40? [Re: RedOakRanch] #4493670
08/20/17 01:48 PM
08/20/17 01:48 PM
Joined: Aug 2012
Posts: 447
North Carolina
Urshurak776 Offline
Urshurak776  Offline
Joined: Aug 2012
Posts: 447
North Carolina
Yup. Make him put it in his savings account. That's what I would do with my kids.


2012 Hyundai Santa Fe, 130,000 miles, Havoline Pro DS Full Syn 5W-20, Auto7 Filter.
2014 Kia Rio, 80,000 miles, Havoline Pro DS Syn 5W-30, WIX Filter
Re: Should the kid keep $40? [Re: RedOakRanch] #4493671
08/20/17 01:49 PM
08/20/17 01:49 PM
Joined: Jul 2009
Posts: 601
texas
danez_yoda Offline
danez_yoda  Offline
Joined: Jul 2009
Posts: 601
texas
Well Heres my math if I read it right.

Son gets $40 to give to parents of the event giver.
The Event parents knew the Son had a Bday coming up so they sprung for the $40 expense as a Bday present but wont be giving anything at his actual Bday party.

Is $40 a typical Bday present size?

If yes then the boy keeps the $40 and its the same as if he gave the $40 to the event parents and then they gave him $40 at his Bday party.

Make sure he understands this logic and thanks the event parents.


Last edited by danez_yoda; 08/20/17 01:50 PM.
Re: Should the kid keep $40? [Re: RedOakRanch] #4493675
08/20/17 01:56 PM
08/20/17 01:56 PM
Joined: Nov 2013
Posts: 867
Central Coast California
RedOakRanch Offline OP
RedOakRanch  Offline OP
Joined: Nov 2013
Posts: 867
Central Coast California
If he keeps the $40 he would still get an additional birthday gift next week.


1994 Ford Crown Vic 207k-Frankenbrew 0w20,30,40!
2005 Chevy 1500 Crewcab 4X4 180k-BC 0w30 $2/qt
2016 Outback 2.5 Limited 60k-shop brand?
Re: Should the kid keep $40? [Re: RedOakRanch] #4493676
08/20/17 01:56 PM
08/20/17 01:56 PM
Joined: May 2017
Posts: 50
Tennessee
OTCW Offline
OTCW  Offline
Joined: May 2017
Posts: 50
Tennessee
Have him use it for the next event he goes to where you would normally be sending him there with $40. Even tell him now just to hang on to it until then. I'm assuming something will be coming up soon.


2017 Nissan Sentra 1.8L 11k miles
2004 Nissan Frontier 2.4 L 199k miles
2012 Yard Machines 21 in 140 cc
2001 Weedeater Featherlite Plus 21 cc
Re: Should the kid keep $40? [Re: RedOakRanch] #4493678
08/20/17 02:02 PM
08/20/17 02:02 PM
Joined: Oct 2005
Posts: 7,094
Colorado
Kuato Offline
Kuato  Offline
Joined: Oct 2005
Posts: 7,094
Colorado
Great opportunity to teach some values. First, he should once again offer to pay the other parents, at least in part. Then, he should be trying to return it to you. Then if you tell him to keep it, save etc.

Sounds loike the difference of opinion is between you and your wife....maybe a compromise, keep 1/2, is in order.


Thick vs Thin test: 15k / 43k miles complete
Re: Should the kid keep $40? [Re: RedOakRanch] #4493681
08/20/17 02:07 PM
08/20/17 02:07 PM
Joined: Dec 2006
Posts: 4,219
Port Orange, Florida
Panzerman Offline
Panzerman  Offline
Joined: Dec 2006
Posts: 4,219
Port Orange, Florida
It was $40 as a birthday present so I would let him keep the money since it's money he swapped in exchange for a present.
I would also tell him I appreciate his honesty in telling you he still had the money. Worst thing in my opinion is parents who tell thier kids what to do with thier money as far as savings.
Kids need to learn how to use money and how to budget money and it's better they do so on a kids level than a adult level due to the smaller scale.
It's good to let them sink or swim with money and learn.



2006 Dodge Ram 2500 Hemi 4x4
2016 Dodge Challenger Scat Pack
Re: Should the kid keep $40? [Re: RedOakRanch] #4493695
08/20/17 02:28 PM
08/20/17 02:28 PM
Joined: Oct 2009
Posts: 3,947
Ohio
L_Sludger Offline
L_Sludger  Offline
Joined: Oct 2009
Posts: 3,947
Ohio
If you gave it to him, then its his... He'll hate you a lot more than the $40 is worth if you take it away from him.


too many cars and oil combinations to list in 150 characters or less
Re: Should the kid keep $40? [Re: RedOakRanch] #4493700
08/20/17 02:33 PM
08/20/17 02:33 PM
Joined: Mar 2008
Posts: 5,841
South Florida
bubbatime Offline
bubbatime  Offline
Joined: Mar 2008
Posts: 5,841
South Florida
I'd take the family out to dinner, and tell him that he is paying for it.

Just kidding.

Open a stock trading account with $500 and let him make all the trades as he sees fit.


17 Chrysler Pacifica Mobil 1 5W30
13 Yamaha XT250 Valv MC 10W40
12 Suzuki S40 Rotella 15W40
10 Acura TSX 2.4 PZL Plat 5W30
06 GMC Sierra Nextgen 10W30


Re: Should the kid keep $40? [Re: RedOakRanch] #4493720
08/20/17 02:52 PM
08/20/17 02:52 PM
Joined: Oct 2005
Posts: 4,405
Atlanta
DuckRyder Offline
DuckRyder  Offline
Joined: Oct 2005
Posts: 4,405
Atlanta
Yes he keeps it.


Robert
  • 2007 Toyota Prius Touring
  • 2005 Honda Civic Sedan
  • 1972 Ford F100
Re: Should the kid keep $40? [Re: RedOakRanch] #4493724
08/20/17 02:53 PM
08/20/17 02:53 PM
Joined: Jan 2017
Posts: 1,139
USA
ArcticDriver Offline
ArcticDriver  Offline
Joined: Jan 2017
Posts: 1,139
USA
Return it to you.

The $40 was earmarked for a specific event by you & your wife. It was not a gift to him according to your description but to be handed to the other parents to cover your son's expenses.

The other couple gave a gift to your son for his birthday and the reimbursement for expenses was not required.

You can return the favor by inviting their child to your son's event.

The $40 was not used for the intended purpose and should be returned to you.

Your son will be receiving sufficient gifts on his birthday.

If you provided your son $50 to purchase school supplies and the store did not have the supplies then wuould you tell your son to just keep the $50? I think this sends an incorrect message.



Multiple Diesel and Gasoline vehicles
Re: Should the kid keep $40? [Re: RedOakRanch] #4493726
08/20/17 02:56 PM
08/20/17 02:56 PM
Joined: Nov 2008
Posts: 9,045
Phoenix
dishdude Offline
dishdude  Offline
Joined: Nov 2008
Posts: 9,045
Phoenix
It's your son, he keeps it.


2018 Challenger SRT
Re: Should the kid keep $40? [Re: RedOakRanch] #4493738
08/20/17 03:12 PM
08/20/17 03:12 PM
Joined: Mar 2008
Posts: 5,841
South Florida
bubbatime Offline
bubbatime  Offline
Joined: Mar 2008
Posts: 5,841
South Florida
How about a compromise. Since it wasn't used what it was earmarked for, he keeps half, and returns half to you.


17 Chrysler Pacifica Mobil 1 5W30
13 Yamaha XT250 Valv MC 10W40
12 Suzuki S40 Rotella 15W40
10 Acura TSX 2.4 PZL Plat 5W30
06 GMC Sierra Nextgen 10W30


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