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Originally Posted by jIM_Ohio
1) fund a vacation for your daughter.
2) invest the money in something which has a piece of paper (like a bond). So the paper is the material thing.
3) get a new electronic something or other she will need as she approaches college age (think computer+printer+ other).
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Since she's 12, #1 isn't really all that applicable. #2 is the way I'd lean. #3 also not real applicable again because of her age. She's already got an iPod and a cell phone and hasn't really been clamoring for anything else. College is too far off for anything bought now to be useful.
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Originally Posted by musicalbabe85
Does she feel strongly regarding any certain charities?
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I've thought about that, too, but the giver has to be okay with that, too. And right now I don't think there is a particular charity she'd want to direct the money towards.
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Originally Posted by moneybags
I would direct her towards things that she can have forever, making them her own keepsakes. What about Tiffany & Co? It is very popular with the younger crowd and jewelry lasts forever. They have some nice Star of David necklaces
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That's pretty much what the family is thinking. Either something that might get passed down in the future or at least something she would always have and be able to say, "My grandmother gave me this way back when for my Bat Mitzvah" long after grandmom is gone. The problem is picking that item. I know that when we go shopping, she'll be just as happy with the $100 star than with the $500 star as long as she likes the design. She won't be impressed by a price tag.
Again, certainly a nice problem to have. Shows that the lessons have sunk in, at least so far.