“We capped it at $5, because most of our friends were giving in the $4 to $5 range.”īut that’s before getting the grandparents and great-grandparents involved. “We then realized that with 20 teeth, we needed a more cost-effective system or it would break the bank,” he said.
Lance Somerfeld, father of two and founder of the City Dads Group, said he started giving $2 for his son’s first tooth, and then upped it a buck for each consecutive tooth: $3 for the second, and $4 for the third, before realizing this scale would take a huge bite out of his budget. The fifth tooth is about to come out any minute now, so I have my money waiting.” “I’ve asked a bunch of friends, and we all thought $5 each for the rest was a nice amount $2 or $3 wasn’t as impactful. “The first tooth was big money: $20,” said Donna Saunders, a Manhattan mom of a 7-year-old son. The first tooth usually commands the highest price, with many parents (sorry, tooth fairies) forking over $20 to celebrate the ‘smilestone,’ followed by subsequent teeth going for $5 apiece. Southern kids net $3.91 per tooth, while those in the Northeast and the Midwest net $3.75 and $2.97, respectively.īut the parents that MarketWatch spoke with, anyway, said that the Original Tooth Fairy Poll’s findings fall short of the real going rate for baby teeth. Kids out West make out like bandits, for example, where they get $4.19 per lost tooth, on average. And some regions are more generous than others. Just over one in three parents (37%) in the Original Tooth Fairy Poll said they give their child at least $5 or more. Not every version of the tooth fairy tips that well, however. Talk about putting your money where your kid’s mouth is.
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Related: How to give your kids an allowance that will help them become financially-savvy adults “They also know that if they’re good in school and write nice letters to the tooth fairy and to grandma, one lucky molar can go for $50.” The tooth fairy had to come back and add the other $10,” Diaz said. “Last year the tooth fairy gave my daughter a $10 bill, and that made her very upset for several days. But as her kids have grown to appreciate money thanks to getting allowances, opening their own bank accounts and tracking the cost of toys, Diaz said that this financial knowledge has “raised the value” of their teeth. “We started with $5 per tooth, which was very exciting for a pre-Kindergartener,” Diaz said. She estimates she’s coughed up $200 in the name of the tooth fairy so far. mom has upped the dental ante by giving her son, 11, and daughter, 10, a whopping $20 for every lost canine and incisor. While Priska Diaz, 43, recalls just finding coins under her pillow in exchange for her baby teeth when she was growing up, today the Eastchester, N.Y. And factors like the kid’s age and which tooth they lost often translate into shelling out more money. But not every parent playing at being the tooth fairy is pinching their pennies.
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