birthday gift ideas 5 year old daughter image
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I have been invited to a friend's one year old daughter's birthday party. I will give her a baby gift , but I also want to give her $25 to $100 for higher education. What are the best options? Saving Bonds? maybe? or Is this a rude or tacky gift?
Answer
Fox:
If you're looking to make a one-time investment to help this young lady with her college expenses, you can't go wrong with a Savings Bond. Savings bonds offers a modest, but guaranteed rate of return, and the entire amount is tax-free to the recipient, if the funds are used to pay for "qualified educational expenses", which includes tuition, fees and text books. The nice thing about a savings bond is that the recipient can always cash it and use it for something other than school, if, for whatever reason, college doesn't turn out to be part of her future. (or if she needs emergency funds before then).
Look for the government's special Series I (the letter i) bonds, not the traditional Series EE bonds that are somewhat more commonplace. I bonds are issued at face value, which means that you'll pay $100 for a $100 bond (EE bonds are issued at half-face - $50 for a bond what will eventually be worth $100).
Without boring you with too much detail, the interest on a Series I bond is based on both fixed rate interest AND a two-times-a-year inflation adjustment. The positive of that is that the return on the bond will keep pace with inflation.
The Series I bonds can be redeemed as soon as 6 months after they are purchased, but there is a penalty if they are redeemed in the first 5 years (3 months of interest). Interest will continue to accrue on a Series I bond for as long as 30 years - so if your young lady friend holds the bond beyond college, she could use it as part of the down-payment on her first home.
Register the bond in the parent or parents' name. The child can be listed as the beneficiary, but not the owner or co-owner, if you want to allow the recipients the advantage of the tax benefits.
For more (detailed) information on using Savings Bonds for education, you can visit the Treasury's special section on their website here: http://www.savingsbonds.gov/indiv/planning/plan_education.htm
What a great idea for a 1st birthday gift. Best of luck to you and to the special young lady!
Fox:
If you're looking to make a one-time investment to help this young lady with her college expenses, you can't go wrong with a Savings Bond. Savings bonds offers a modest, but guaranteed rate of return, and the entire amount is tax-free to the recipient, if the funds are used to pay for "qualified educational expenses", which includes tuition, fees and text books. The nice thing about a savings bond is that the recipient can always cash it and use it for something other than school, if, for whatever reason, college doesn't turn out to be part of her future. (or if she needs emergency funds before then).
Look for the government's special Series I (the letter i) bonds, not the traditional Series EE bonds that are somewhat more commonplace. I bonds are issued at face value, which means that you'll pay $100 for a $100 bond (EE bonds are issued at half-face - $50 for a bond what will eventually be worth $100).
Without boring you with too much detail, the interest on a Series I bond is based on both fixed rate interest AND a two-times-a-year inflation adjustment. The positive of that is that the return on the bond will keep pace with inflation.
The Series I bonds can be redeemed as soon as 6 months after they are purchased, but there is a penalty if they are redeemed in the first 5 years (3 months of interest). Interest will continue to accrue on a Series I bond for as long as 30 years - so if your young lady friend holds the bond beyond college, she could use it as part of the down-payment on her first home.
Register the bond in the parent or parents' name. The child can be listed as the beneficiary, but not the owner or co-owner, if you want to allow the recipients the advantage of the tax benefits.
For more (detailed) information on using Savings Bonds for education, you can visit the Treasury's special section on their website here: http://www.savingsbonds.gov/indiv/planning/plan_education.htm
What a great idea for a 1st birthday gift. Best of luck to you and to the special young lady!
What are some good ideas for my daughters first birthday party?
Malisa Bec
She likes to watch Yo Gabba Gabba. What are some ideas for a Yo Gabba Gabba themed party for a one year old, or just some ideas for a one year old's birthday party in general? She is my first and I would like to have a big celebration, but I'm not sure where to go with this. Thanks!
Answer
A 1st bday really IS for the adults, not the kids. For a child that age, that many people & that much attention focused on them is often over stimulating. My 1st child did okay, but really could have cared less to open more than one gift & my 2nd actually slept through the majority of his party. LOL
We did Yo Gabba Gabba for my 1st. I bought him all the train set figures (not sure they are still out - but those are STILL a hit in my house 5 yrs later). I hooked those together in a loop around his cake & the cake he ate was just round & had the Yo Gabba Gabba logo on top. He loved that. You can get LOTS of various party supplies depending on your budget. Sites like these carry tons of things: http://www.partycity.com/product/yo+gabba+gabba+party+supplies.do
http://www.amazon.com/s?ie=UTF8&rh=n%3A165793011%2Ck%3Ayo%20gabba%20gabba%20party%20supplies&page=1
http://www.birthdayexpress.com/Yo-Gabba-Gabba-1st-Birthday-Party-Supplies/64754/PartyKitDetail.aspx
Personally, I would skip too much stuff that is themed. You pay more & sometimes it gets a little visually overstimulating to too busy looking. I tend to stick to solid colors for plates, napkins & cups & do theme things for hats, table covers & centerpieces & the like. I might do a couple of mylar balloons that are the theme, but do the rest in solid colors. You get the idea.
Another thing I always do when looking for inspiration is just do an internet search for images of what others have done like this: https://www.google.com/search?q=yo+gabba+gabba+birthday&hl=en&prmd=imvns&source=lnms&tbm=isch&ei=lwKVT42jENOf6QHUt5C2BA&sa=X&oi=mode_link&ct=mode&cd=2&ved=0CGcQ_AUoAQ&biw=1440&bih=741&sei=mQKVT7ikAqee6QHgv4GUBA
No matter what you do, don't throw a ton of money away on the party & don't worry too much about anything. One year olds are pretty oblivious as to the fact it is their bday & mostly you just want to get together & celebrate a milestone for her as well as for you with the people that matter in your life. As long as you keep that in mind, then you are fine, because that IS all that really matters in the end.
Congrats on hitting that year - it is an accomplishment & an enormous year in both your lives. It also went too fast I am sure - it ALWAYS does in the end. When it is hard & they aren't sleeping you think a year is so far off & then poof - you are planning a party. :)
A 1st bday really IS for the adults, not the kids. For a child that age, that many people & that much attention focused on them is often over stimulating. My 1st child did okay, but really could have cared less to open more than one gift & my 2nd actually slept through the majority of his party. LOL
We did Yo Gabba Gabba for my 1st. I bought him all the train set figures (not sure they are still out - but those are STILL a hit in my house 5 yrs later). I hooked those together in a loop around his cake & the cake he ate was just round & had the Yo Gabba Gabba logo on top. He loved that. You can get LOTS of various party supplies depending on your budget. Sites like these carry tons of things: http://www.partycity.com/product/yo+gabba+gabba+party+supplies.do
http://www.amazon.com/s?ie=UTF8&rh=n%3A165793011%2Ck%3Ayo%20gabba%20gabba%20party%20supplies&page=1
http://www.birthdayexpress.com/Yo-Gabba-Gabba-1st-Birthday-Party-Supplies/64754/PartyKitDetail.aspx
Personally, I would skip too much stuff that is themed. You pay more & sometimes it gets a little visually overstimulating to too busy looking. I tend to stick to solid colors for plates, napkins & cups & do theme things for hats, table covers & centerpieces & the like. I might do a couple of mylar balloons that are the theme, but do the rest in solid colors. You get the idea.
Another thing I always do when looking for inspiration is just do an internet search for images of what others have done like this: https://www.google.com/search?q=yo+gabba+gabba+birthday&hl=en&prmd=imvns&source=lnms&tbm=isch&ei=lwKVT42jENOf6QHUt5C2BA&sa=X&oi=mode_link&ct=mode&cd=2&ved=0CGcQ_AUoAQ&biw=1440&bih=741&sei=mQKVT7ikAqee6QHgv4GUBA
No matter what you do, don't throw a ton of money away on the party & don't worry too much about anything. One year olds are pretty oblivious as to the fact it is their bday & mostly you just want to get together & celebrate a milestone for her as well as for you with the people that matter in your life. As long as you keep that in mind, then you are fine, because that IS all that really matters in the end.
Congrats on hitting that year - it is an accomplishment & an enormous year in both your lives. It also went too fast I am sure - it ALWAYS does in the end. When it is hard & they aren't sleeping you think a year is so far off & then poof - you are planning a party. :)
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Title Post: How do I give a one year old money for college?
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