21st Birthday Money for Grandson (2024)

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SparklingSun 14-Jun-20 22:28:43

My only grandson will be 21 and is expecting a big cheque. I have the money as no holiday this year like everyone. How much do you think is a decent amount. He had a big 18th but expects the same for his 21st. Although it's not the moved as such it's the expectation. Thank you.

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merlotgranSun 14-Jun-20 22:34:02

I don't think anyone should expect a big cheque or whatever for their 21st if they had a generous present for their 18th.

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Coolgran65Sun 14-Jun-20 22:40:57

You might write a carefully worded chatty message in his card on the lines of ..... Such changed times. Here we are, you are 21 already. In my day we had to wait until 21 for the big birthday

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MissAdventureSun 14-Jun-20 22:42:48

"But you had yours at 18.
In light of the above, here's a tenner" 21st Birthday Money for Grandson (1)

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MissAdventureSun 14-Jun-20 22:50:16

Seriously, though, I've no idea what a big cheque would be.
What you can comfortably afford, I suppose.

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Coolgran65Sun 14-Jun-20 22:52:35

Oops posted too soon.....
Please add.
"""But you already got to enjoy yours at 18. Happy 21st birthday. Know I love you. Big hugs etc etc """""

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GrandmafrenchSun 14-Jun-20 23:12:45

This sounds quite difficult, especially as he is your only Grandchild and you do stress his "expectation", so I think you might struggle because of this. And if you are going to gift him money - I wonder what HE is expecting? It's very hard to give a gift to someone if you are going to have to worry what is their acceptable figure for a 21st. So much depends on your own view and circ*mstances, because it's hardly a bill you are paying! I honestly think that it would be so much easier to consider a present rather than money, especially if he had a big bash for his 18th. Can you not speak to his parents and find out if there are any things that he would love to have as a gift, then you can consider your budget, make the choice and surprise him? Otherwise, and if you find out from his parents that money is your only option, it's probably best if you decide on a figure for yourself - I'm sure you'll be very generous, you're his Gran - and hope that all your kindness is really appreciated.

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OopsmintySun 14-Jun-20 23:16:08

How much did you give him for his 18th?

It's hard to say without knowing circ*mstances

To some, £100 would be a 'big cheque', to others £1000 might be the norm.

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BabysharkSun 14-Jun-20 23:25:14

Could his parents help manage his expectations? What makes you think he expects a generous cheque? It’s pretty poor if he has made his expectations known and I’d have thought his parents might have challenged that sort of entitled behaviour.

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GrammarettoSun 14-Jun-20 23:32:17

It's tricky isn't it. I wonder what the big 18th present was. A big party?
You can't match that.
What does he need? What would he like?
Something towards travel when that becomes possible?.
Have his portrait painted by a good artist?

I bought DD a good camera for her 21st which she promptly smashed. She actually let a stranger take a picture with it of her and her friends. The stranger dropped it.

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CallistemonSun 14-Jun-20 23:44:40

Either Or!

It's a bit unfair on parents and grandparents, isn't it, since they changed coming of age to 18 but DC and DGC somehow still expect a special celebration and present for their 21st too.

Premium Bonds? With a message "hope you win a million"!

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shysalMon 15-Jun-20 09:37:32

I had the same dilemma this year with the eldest of 6 GCs I explained to him that as he had already had a larger than normal amount for his 18th, he would be getting an only slightly larger than normal sum for his 21st.

PittcityMon 15-Jun-20 10:09:13

They really shouldn't "expect" anything more than your love.
Go with your gut and bank balance. If you are happy with your decision your family should be too.

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4allweknowMon 15-Jun-20 10:10:45

Very few 21st birthdays are celebrated now like they used to be. 18 is the big birthday bash as parties with alcohol can be arranged. Your GS sounds utterly spoiled making his expectation of yet another big gift known. Surely his parents can tell him he is being unreasonable in expecting yet another big gift. A card and an Amazon voucher for £50 would be what he would get from me.

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Lesley60Mon 15-Jun-20 10:16:21

I have 7 grandkids and all of them appreciate whatever I give them, I always receive a phone call to thank me.
I give them all £50 for their birthdays and £100 for an 18th my ex husband gives the same, they would never expect more and to be honest it would be tough luck if they did

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jaylucyMon 15-Jun-20 10:22:17

Sorry, "he expects a big cheque" why ?
If he had one for his 18th, I really don't see why he should expect another for his 21st! It's either or in my book!
I suggest you let him know that as he had a large donation to his fund, you don't feel that you can give him another for his 21st but may be happy to help him with something towards a car or house /flat deposit.
But I have to wonder if he actually has said that he expects a cheque or is it just that you think that the 21st is still celebrated (it hasn't really since I was that age, the only reason I had both parties is because my next door neighbour that I knew well, collapsed and died on the actual day!) A quiet chat with his parents might help.

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crazygrannyMon 15-Jun-20 10:23:18

How do you know that he is expecting a big cheque, Sparkling?

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grannyscottMon 15-Jun-20 10:23:35

For 21st birthdays I always bought Premium Bonds £100 or whatever denomination you can afford.

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timetogo2016Mon 15-Jun-20 10:28:32

He sounds like a spoult brat to me.
No-one should expect anything from anyone.
And you have already given him an 18th cheque,that would be that as far as i am concerned.

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CallistemonMon 15-Jun-20 10:36:23

The minimum number of premium bonds you can buy was reduced to 25 last year.

So you could buy him £25 worth with a card saying 'Here's hoping you receive a big fat cheque. No more presents after 21!'

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polnanMon 15-Jun-20 10:38:41

how interesting.. I agree with most of the comments

How do you know?

what is big?

interesting.

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gillybobMon 15-Jun-20 10:41:53

I agree with oopsminty it’s an impossible question to answer without knowing your own financial circ*mstances . I have 4 DGC ranging from 14 to 2 . I would love to be able to give them more than I do but finances won’t allow. Just go with what you think . They shouldn’t equate love with £££££

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RomolaMon 15-Jun-20 10:46:07

Well, I suppose as the only grandchild, he would be a pampered prince!
As he's already had a big cheque for his 18th, should he be expecting another for his 21st? Just maybe a bit more than usual.
My feeling would be to say that you'd be hoping to help in future if he is in a position to buy a flat, for instance.

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RosesAreRed21Mon 15-Jun-20 10:58:34

I remember my step daughter asking us before her 18th how much we were going to give her - took the edge of it to be honest

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Charleygirl5Mon 15-Jun-20 11:01:47

It is the expectation of a large amount which would irritate me. I would be going down the route that times are very hard nowadays and how lucky you could afford to give him £x for his 18th. and pop in a tenner in the envelope.

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21st Birthday Money for Grandson (2024)

FAQs

How much money should I give for a 21st birthday? ›

We usually stick to the $30 mark for regular birthdays and splurge up to $50 per person for the bigger ones such as 18ths, 21sts, 25ths etc.

Should grandparents give grandchildren money? ›

Gifting money to your grandchildren can do more than help your descendants get a good start in life — it can also reduce the size of your estate and the tax that will be due upon your death, and is thus a very useful tool to include in your estate plan.

How much should a grandparent give for a birthday gift? ›

On average, grandparents spend between $50 and $100 on birthday presents for each grandchild. Depending, of course, on various factors like how old the child is, finances, and how many grandkids there are in the family.

What is a good amount of money for a birthday gift? ›

But if it's a birthday gift for a close friend or family member—or for a milestone birthday, like turning 18 or 75—it's not uncommon to spend in the $50 to $100 range.

What is traditionally given on a 21st birthday? ›

Key pendants are customarily given as a present on the 21st birthday. This tradition dates from the times when at twenty-one, you were considered old enough to be a key-holder to your family's home, and thus hold a symbolical 'senior' position in the family.

How much money to give for a quinceanera gift? ›

Typically, an average gift amount will be no less than $50. That amount will increase if you have a closer relationship with the family, or if you're helping to pay for part of the party.

How much can I gift my grandson? ›

In theory, you are free to give as much money as you like to your children or other family members, but in order for the gift to be tax-free, you must live for at least seven years after the date it was made. This is a Potentially Exempt Transfer (PET), sometimes known as the seven-year rule for gifts.

What are the rules on gifting money to grandchildren? ›

In 2023, you could gift anyone up to $17,000 per year tax-free—this is known as the annual gift tax exclusion and is set each year by the IRS . You won't have to pay a gift tax on funds at or below this amount, and it won't add to their taxable income. This amount is per grandchild.

How much money should grandparents give to grandchildren? ›

Annual gifting exclusion limits

For 2023, the annual limit per recipient is $17,000 and for 2024 it's $18,000. In other words, you can give up to annual limit per grandchild without worrying about tax implications or filing a gift tax return.

How much money should I give my 18 year old grandson for his birthday? ›

I should think anything would be welcome at 18. Give what you can afford and what your finances allow. Maybe buy a nice gift and send it, that way if your finances are in short supply he will not know how much it cost. You can buy gifts online and they will send for you with wrapping and a card if needs be.

Is $100 dollars a lot for a birthday gift? ›

While most etiquette experts agree that $20-$30 is perfectly reasonable for a child's birthday gift, you can spend up to $100 on the child of a close friend or relative, says Helen Holden, founder of Counting Candles, a website that helps parents plan birthday parties.

How much do grandparents spend on grandchildren annually? ›

Since the typical grandparents spend $2,562 annually on their grandkids, most will not run into tax issues with their gifts. Still, even without the tax concerns, giving thousands of dollars or more to a young family member is not a decision you should rush.

Is $300 dollar gift too much? ›

A budget of around $100 is standard for longer relationships. If you're married, $100 is the median amount, and the top 25% of couples spend $300. Remember these are guidelines; you should not feel obligated to match these amounts if you're under financial stress.

Is a $25 gift card too cheap? ›

For co-workers, casual friends and your children's teachers, stay in the $10 to $20 range. Gift cards for close friends and family members can range from $25 to $100. When you're selecting a gift card for a spouse, parent or someone else who's very special, choose a card worth $75 or more.

Is money considered a birthday gift? ›

Not a $20 tucked in a birthday card (although those are nice, too) but the bigger sums the IRS categorizes as a “financial gift.” These gifts can be incredible, even life-changing.

Is a $50 gift card enough? ›

Fifty dollars goes a long way, and you can use it for the kinds of stores suitable for multiple purchases, like some of the other options on this list. If, for instance, your friend loves to go to Starbucks, spending $50 on a gift card provides them with a lot of value. That's enough about Starbucks.

How much to give Godchild for his 21st birthday? ›

I think €100 is plenty, but if you feel a little mean giving this much maybe give €121. I think €200 is excessive and your godson wouldn't be expecting this much.

How much money should I give my daughter for her birthday? ›

Relatives—$50 is a good amount to spend on younger relatives like nephews and nieces. Your child—Up to $100 is enough to gift your child when they're a preteen or teenager. It allows them to buy several small items or one more expensive item or put the money into savings.

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