Tooth Fairy MoneyTooth Fairy Money

Tooth Fairy Money Current Rates

Family Finance
Updated:
March 3, 2024
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The Tooth Fairy's visit is a rite of passage that sparks joy in the hearts of little ones.

In the US, the Tooth Fairy exchanges money for every lost baby tooth.

This fairytale helps children embrace change and growth.

In the US, the Tooth Fairy is leaving an average $5 per tooth.

It also lays the groundwork for conversations about money.

Parents often ask -

How much should the Tooth Fairy give?

What are some creative ways to present this token of growth?

We’re here to offer you tips and ideas that make every tooth loss a special occasion.

Jump Ahead:

Tooth Fairy Current Rates

In the US, the Tooth Fairy is leaving an average $5 per tooth.

However, it's important to note that many parents end up giving out whatever they have on hand, even if their smallest bill is bigger than a five.

If you don't recall the Tooth Fairy being so generous, we can assure you you're memory isn't playing tricks on you.

The Tooth Fairy's generosity has certainly kept up with the times!

many parents end up giving out whatever they have on hand, even if their smallest bill is bigger than a five

In the last two decades, we’ve seen the going rate for a lost tooth climb from a modest dollar to an impressive five bucks on average.

With 20 baby teeth to look forward to, kids can save a good amount by the time they're all grown in!

That's especially true if you count in bonus payments for the first and last tooth.

Higher Payments for First and Last Tooth

There's something magical about the very first tooth your child loses.

It's a milestone that marks their journey into growing up.

This typically happens around the age of six.

The excitement peaks, and so does the Tooth Fairy's payout, often with an extra bonus.

We often see parents doubling the amount they give for these milestone teeth

The same goes for the last tooth, which usually makes its exit close to the cusp of adolescence, around age 12.

These bookends to childhood hold a special place and are perfect opportunities for a little extra fairy generosity.

We often see parents doubling the amount they give for these milestone teeth.

Tips for Parents

Navigating the Tooth Fairy's visit can be as fun for parents as it is for the kids.

But sometimes with all the excitement we find ourselves a little unprepared.

When the first tooth starts to wiggle, it's time to get ready.

We've got you covered with some fairy-approved tips that will ensure you're just as ready as the Tooth Fairy herself.

And no, you won't need to buy a pair of wings for this.

Set the Bar

The Tooth Fairy's first visit sets a precedent.

It's where expectations are born, so consider wisely what you can sustainably give for the teeth to come.

Remember, it's ok to let your kid know there's a first tooth bonus.

You can even include a receipt from the tooth fairy that shows just that.

Be Prepared

When the first tooth starts to wiggle, it's time to get ready.

If you're not prepared, you may feel the pressure to shell out a crisp $20 bill if that's all you have at the moment.

Many parents find it helpful to have a little stash of cash for their 'Tooth Fairy fund'

Many parents find it helpful to have a 'Tooth Fairy fund' – a little stash of cash set aside for such occasions.

Think about preparing in advance, so you're always ready for that special visit.

Every Dollar is a Treasure

Remember, to a young child, even a single dollar is a treasure.

The joy is in the experience, the surprise, and the magic of the moment.

Remember, to a young child, even a single dollar is a treasure

Sprinkle a bit of fairy dust to make it extra magical.

Using a Piggy Bank for Kids

If your child doesn’t already have one, the Tooth Fairy's visit is the perfect opportunity to introduce a piggy bank.

It’s a fun way to encourage saving and to watch their Tooth Fairy funds grow!

Alternatives to Cash

Who says the Tooth Fairy only deals in coins and bills?

Many of us don't even carry cash anymore.

In our modern there are many of ways to reward your little one without reaching for your wallet.

The Digital Fairy

In an age where digital currency is king, allowance apps like Greenlight or GoHenry are fantastic alternatives.

Just make sure to leave a note from the Tooth Fairy explaining the digital deposit.

It’s a great way to bring the tradition into the modern era.

Don't forget to show your kids their growing balance on the app!

Non-Monetary Rewards

Sometimes, the best gifts don't jingle in a coin purse.

Consider these thoughtful alternatives:

  • A day out at their favorite park.
  • A new book to spark their imagination.
  • Craft supplies for a day of creativity.
  • A small toy or a collectible.
Beyond the sparkle and magic, there's a golden opportunity to teach valuable money lessons.

Tooth Fairy Money Ideas

Make each visit from the Tooth Fairy a memorable event with these creative ideas:

  • Sprinkle some glitter on coins or bills.
  • A special note from the Tooth Fairy.
  • Leave a trail of fairy dust leading to the gift.
  • A tiny, magical pouch or box for the tooth and money exchange.
  • Design a 'Tooth Receipt' that details their brave accomplishment.

Financial Lessons from the Tooth Fairy

Beyond the sparkle and magic, there's a golden opportunity to teach valuable money lessons.

From the joy of saving a shiny coin to understanding the basics of currency.

Each coin or note left by our fluttering friend can be a tool for teaching.

Let's understand how the Tooth Fairy can introduce your kids to personal finance.

Learning about Saving & Spending

The Tooth Fairy visit is a perfect moment to start a conversation about saving and spending.

Each coin or note left by our fluttering friend can be a tool for teaching.

You can help your child decide how much of their Tooth Fairy funds will go into savings, perhaps for a future toy or book they've been eyeing, and how much they might want to spend now.

Setting up a savings jar or a special bank account can be an exciting way for kids to watch their Tooth Fairy earnings accumulate.

This simple decision-making process lays the groundwork for budgeting skills they will use throughout life.

The Tooth Fairy's gifts can also show children the value of money.

They start to understand that money isn't just for spending but is something that can grow over time when saved.

Setting up a savings jar or a special bank account can be an exciting way for kids to watch their Tooth Fairy earnings accumulate.

Earning More with Chores

If your child is thrilled about the idea of earning, why not introduce chores as a way to earn a little extra?

It’s a valuable lesson in responsibility and hard work.

In the US, chores are the most popular way for parents to give an allowance to their kids.

The Lemonade Stand Initiative

Other than chores, the Lemonade Stand is a classic American way for kids to make their own money at a young age.

Encourage entrepreneurial spirit early on!

This is another way for kids who got a taste of independence and cash to earn more.

By using the Tooth Fairy tradition as a fun and engaging way to discuss these concepts, you're not only making memories but also imparting lifelong financial literacy skills.

Additional Questions

How much does the tooth fairy pay in 2024?

In 2024, the average rate the Tooth Fairy leaves under the pillow is about $5 per tooth. This can vary based on family traditions and financial situations, but it's the current sweet spot for most. The average is typically higher for the first tooth and the last tooth.

Is $20 too much for the Tooth Fairy?

While $20 might seem like a tooth fairy jackpot, it's important to consider what's sustainable for your family and what expectations it sets for future visits. Every family is different, and the Tooth Fairy is known for her flexibility!

How much money should the tooth fairy give?

The average going rate for a tooth is about five dollars in the US.

However, there's no set amount that the Tooth Fairy should give.

It really depends on what you're comfortable with and what you believe is a reasonable gift for your child. Even a dollar can be a fortune to a 5-year-old, and it's the experience that counts.

Does the Tooth Fairy leave money for every tooth?

Typically, the Tooth Fairy leaves a little something for each tooth lost. However, it's up to each family to decide how they want to handle the tradition. Some might give a bit more for the first or last tooth as a special milestone.

What age does the tooth fairy stop coming?

The Tooth Fairy usually stops visiting once children have lost all their baby teeth, which often happens by the age of 12. But as long as there's belief in the magic, the Tooth Fairy's visits are always a possibility!

About Greatest Gift

Greatest Gift is the financial gifting platform for children's long term savings.

Send and receive monetary gifts for children's long term savings.

Discover great ways to save and invest for children.
Learn More

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