Might be good to teach less is more from a young age. I just get my son one gift and we donate one. When hes older he may get more but he'll have to donate an equal amount. Im an experience person. We would rather go on a trip 😃
I have a 4 year old toddler and had 2 step children but we recently split. What we did was sign up for this app called ACCORNS. You can have money deposited into that account daily, weekly, monthly ect. And they also deposit small amounts from purchases you make with whatever linked cards. As of today i have $600. So since I have just my toddler to worry about, I don’t have to spend all that money. If I still had the other kids, my ex and I would basically have the same amt to split