selling old toys.

When my daughter was younger we would just pitch that money in to buy her new toys for her birthday or christmas. Now that she is older and we have a yard sale, she keeps the money from what she sells. She is pretty smart. She had a yard sale with other kids in the neighborhood and they all made about $20 a piece. I thought it was entreprenurial! They even made cookies and drinks to serve their customers. From what you have said, I did the same when my daughter was your childs age!

I use the money I get from more expensive things for new clothes or toys or anyhthing I want to use it for. I don't generally give my daughter the money for her toys. I give her a percentage of it, but I don't give it all to her.

Usually the things that I sell are DVD's or VHS that she doesn't want to watch anymore. I just put it up on ebay. I don't acquire that much in a year to warrant a yard sale. Whatever I have something to get rid of that is mine and some of her clothes and toys, am teaching her to donate to church to to a charity. What money I get from selling her stuff goes right back at ebay because I will get the ones that she is currently interested in. If I have coins, I gave it to my toddler for her piggy bank. So, now for her, coins is money. The dollar bills, she doesn't have any idea what is it for yet...lol.

i dont sell the toys of my children i give it to their other relatives who have none..

if i sell their toys i put the money on their bank.

If we sell our kids old toys its hard to say what we use the money for we may use it for food or gas to get the kids back and forth ect ect, I guess it doesnt really matter becuase either way it always comes back to the kids =)

definately when i sold old toys of my baby girl , i gave her the rest money to buy new dolls, cloths, shoes whatsoever she likes. i and my wife do not interfare. i had given her "piggi bank" to save her coin day to day basis minimum Rs. 5/- to cultivate good habit of savings since childhood. thanks.

Well when I grew up parents gave my old toys to charity rather than selling them and the same with my old clothes. I usually give away anything that I do not have a use for because although I know that if I sell stuff it will bring in some money but I guess I am more happy knowing that atleast I have been able to make someone out there happy :)

I guess it will depend on the age of my kids. If I think they can decide for themselves, then I would give them the money and will let them decide what to do with it. I have a one-year-old daughter now and I don’t think she is already capable of deciding what to do with her money. So if ever I will be selling some of her toys, then I will just put it in her saving account, which I am saving for her schooling.

I haven't sold any toys yet, as we'll be doing daycare and I'll need them. But I've sold some of DS's old clothes. He has no use for money, so it's not really a question for me. I guess since I'll buy him his new stuff, I can keep the money from selling. It all works out in the long run. I do agree with you about if she's doing the work to sell it, she could get the money, or a cut of it. But since she's 3, she doesn't need all of it. She might earn $10 for fun money from helping with the garage sale. She doesn't need all of it in her pocket at that age! :)

Depending on the age really here. My 10 year old sister chooses what to put in the yard sales and she pockets the profits. My 3 year old dosent get to choose what i sell or give away, When he forgets about a toy, we get rid of it, and he eventually gets a new one. I would set a cap at how much money they can make off a garage sale or set a limit on what they can buy after the garage sale. Just because i dont think young children need to be holding onto alot of money. 10 or 20 is one thing, anything more then that... well its my job to get that kind of toy for my son. I usually let him pick out a toy after a garage sale, and its generally a big ball which is under 5. The rest of the money just kind of goes into the garage sale pot.

After 4 kids, I don't own anything worth selling or that matter to give away. My kids are so rough on stuff. Congrats getting so much money. I had to laugh when I read that you wouldn't just give her the $50.. BUT MOM don't ya think find the $50 is a very fun game? ROFL

I havent tried selling my daughters old toys, but I dont think that theres nothing wrong in doing that, besides you're doing that just for him/her. And I believed you are thinking for the best and not for the worst.

Do you think so?

I think if a childs toys are sold that that that child should get one new toy and the rest put in a saving account maybe for college or things the child may need. As you sated and for christams and birthdays. At three she really doesn't know how to spend mone responsiblely. But I would deffinately open a savings account and put the money in it. She will probably thank you when she decides to go to college or uses the money to set up a good home for herself someday.

well hard to say where the money would go to, but if the parents didnt have the money for food or to pay the bills up then i would put the money towards that as perfer to eat than go without etc. but well you could make a bank account for the child, and then later on uy something they have in mind. or even when their old enoughbuy themself a car or something.

You can use it to buy her new clothes or food. You can also get her around the town during the weekend and let her enjoy.

I think the money you sell towards a big ticket item should go 50/50 you get half to put towards new gifts but then you take the other half and save if for her for when she gets older she will need new things. like a car or um...clothes cause you know the older they get the more expensive they get.

for me i will sale all the old toys of my children so that i can buy new toys to them..

Maybe some I would sell them if my old toys look like brand new. But some maybe I would rather give them to the kids who cannot afford to buy some toys...