I was just lurking on money matters (first time over there) and they were discussing the money that is gifted to children (i.e. b-day, baptism, etc) and what parents do with it. There were many different opinions over there.
It got me curious, what do you MoM's think about the money given to your children? Should it only go into a savings account for your children to use when they are older? Or is it ok for the parent to use it to buy formula & diapers etc. for the child?
Or do you think it doesn't matter, it will go in your account and you know you will be spending 100 times that on your child at some point.