Do you allow children to gift money to their classmates.

well i do believe that small kids should not be allowed to deal with money.parents can buy them gifts if them they wish to gift it to their classmates but i simply dislike the idea of giving money in hand to the small kids. may be the kid who gifted it to your son wanted to give him some sort of gift and gave him cents without letting their parents know.

The giving of gifts don't have limitation. I don't thinks it is a forbidden, as they said, not the gift given but the thought counts. If it is traditional thing to do, then we need to respect. I believed that during this kind of occasion, as named Chinese New Year, they used to give money through red envelopes.

We are of the same stand on this. He is too young to handle money, receive the same from a classmate, or more so, for his classmate to gift him money. It's a good idea to tell the teacher about it and your concerns, then perhaps let the teacher talk to the classmate's parents just to make sure that they also know that their kid gave away money.

I think it depends on the age of the kid and the occasion. I am not against giving money although I find it hard. Not everybody is able to buy the same with the amount of money you give. If my kids do it without my knowledge they should have taken it from their saving money. I told them to put that in my room a few days ago. Why? My daughter told me that a kid who came over to our house to play was very interested in her pot of money. I think this is private and I want her to save it. I assume your son just wanted to give something to his friend since he also put it in an envelope. I think he did it out of the goodness of his heart. I would not punish that but ask next time to tell me first (at least if I did not know it).