Greatest Gift's Blog

Looking at Babylist and Amazon, both have their perks for soon-to-be parents. It really comes down to what you like more when you shop. Choosing the right baby registry is about matching features with your personal needs. Using both Babylist and Amazon can give you the best of both worlds. 

Babylist offers a modern tech platform dedicated to making the journey to parenthood smoother and more enjoyable. It's comprehensive, easy to use, and when paired with Greatest Gift, it becomes an unbeatable combo for preparing for your baby's arrival. 

Babylist cash funds work like an item added to the registry list. You can add multiple cash funds, one for each goal that you are saving for. Combine Babylist with Greatest Gift to meet immediate needs and future financial goals for your baby’s journey.

Chore and allowance apps are the new to manage household tasks and teach financial literacy at the same time. BusyKid - GoHenry - Greenlight - FamZoo - S'moresUp.

Matching daily chores by age ensures kids are engaged and capable of completing their tasks. Children can start doing simple tasks around the house between two and three years old.

Putting toys away daily, watering plants, and picking up yard litter are just a few examples of great chores for 5 year olds. Learn the Dos and Don'ts of chores for younger kids.

Mixing paid and unpaid chores can teach kids about helping the family and managing money - all in one go. A basic guideline is $0.50- $1 for simple tasks for younger children, scaling up to $5 or more for complex tasks for older children.

Each graduation stage from kindergarten to college has its own norms for gift-giving. In 2023 the average high school and college graduation gift amount was $116. Middle school, elementary, and kindergarten graduations typically have lower gift amounts.

The Amazon Diaper Fund is a feature within the Amazon Baby Registry that allows loved ones to contribute cash towards your diaper purchases. 1. Navigate to Your Registry - 2. Locate the Settings - 3. Locate the Gift Options - 4. Enable the Diaper Fund - 5. Share Your Registry.

How much should the Tooth Fairy give? What are some creative ways to present this token of growth? In the US, the Tooth Fairy is leaving an average $5 per tooth. We often see parents doubling the amount they give for the first and last tooth.

On average, parents tend to slip about five dollars under the pillow on behalf of the tooth fairy. The amount can vary widely. It's a simple exchange that has turned into a tradition. Make each visit from the tooth fairy a magical and unforgettable experience.

You can start investing for your kids as soon as they are assigned a social security number. Start with setting up a custodial account, fund the account, and buy stocks for your kids. Choose from UTMA, Roth IRA, or Teen investment accounts.

Getting an allowance can be a child's first step into the world of money. Most parents start giving an allowance when kids are between 5 to 7 years old

A birthday registry is a curated wish list, created by parents for their little one's first birthday. Choose a registry provider, sign up and create a wish list, and share with birthday guests. Include financial gifts on your wish list to kickstart your baby's financial future.

Teens can invest in stocks, but they need to do it through a custodial account. Choose an app or platform and open a custodial account with the help of a parent. Use earnings from part-time jobs, graduation gifts, or cash for chores. Start with small, manageable investments.

Buying Disney stock for your children is an easy process with a UTMA account. Setting up this account is simple and allows your child to own stocks while you, as the guardian, manage the account until they reach adulthood.

Gifting a savings bond, whether electronically or as a paper certificate, involves a few straightforward steps. Gifting electronic savings bonds is done via the TreasuryDirect website, while paper savings bonds are ordered with tax refunds.

There are two types of US savings bonds: Series EE bonds, and series I bonds. Buying a US Treasury Savings Bond is essentially lending money to the US federal government and earning interest in return.