I made the mistake of Googling the phrase "tooth fairy rates" the other day and I was frightened. Depending on the area of the country, some children are receiving anywhere from $5 - $13 per tooth.
These are teeth, right? They aren't little nuggets of gold.
Parents leaving the big bucks cite everything from peer pressure to inflation to justify leaving the exorbitant amount of money on behalf of the fairy. Those happen to be the same reasons why parents are giving children way more allowance money - an average of $35 per week for school-aged children - than they received as children.
I'm all for giving children money and allowances and teaching them about financial responsibility, but I think there is a balance that needs to be maintained.
In my view, yes, give children an allowance and also give them opportunities to earn extra cash. But also make them save up for what they want. Don't feel pressured by what your kid's friend gets every week.
And as for the tooth fairy, I may have to go another route. I like the idea of giving out Sacagawea dollars, silver dollars or two dollar bills out much more than the thought of forking over large amounts of cash.
What does the tooth fairy leave in exchange for those precious baby teeth in your household? Tell me in the comments.