Birthday cards are opened, cake crumbs are everywhere, and suddenly your child is holding $100 from generous relatives. Their first instinct may be to spend every dollar on toys, games, clothes, or something they spotted online. For parents, birthday money for kids presents an interesting question: Should children have complete control because the money was given to them? The better approach often involves giving children meaningful freedom while using the moment to teach financial habits they can carry into adulthood.
