Welcoming a new baby into your life is an exciting time, and many friends and family members want to celebrate by giving gifts. While traditional baby gifts like toys and clothes are lovely, they may not be what you need or want. Instead, you may be considering asking for cash gifts to put towards your baby’s future. Here, we’ll explore some of the options for asking for cash gifts and compare them so you can choose the best fit for you.
Baby Registries:
One option for asking for cash gifts is to add a note to your baby registry indicating that cash gifts are preferred. Many popular baby registry platforms like Amazon, Buy Buy Baby, and Babylist have the option to add a “cash fund” to your registry, where friends and family can contribute money towards your desired goal. However, it’s important to note that these cash gifts are often distributed in the form of a gift card to a specific store, such as Target or Bed Bath & Beyond. While this can be helpful if you need items from these stores, it may not be what you’re looking for if you’re hoping to save the money for future expenses.
Standalone Fundraising Campaigns:
Another option for asking for cash gifts is to set up a standalone fundraising campaign on a platform like GoFundMe or MyKidStarter.com. MyKidStarter is a platform designed specifically for parents looking to ask for cash gifts to put towards their child’s future. With KidStarter, you can create a personalized campaign that allows friends and family to contribute directly to your desired account, whether it be a 529 college fund, a custodial savings account, or an investment account. KidStarter can also be added to your baby registry, making it easy for friends and family to contribute. While MyKidStarter does take a small percentage of each donation as a fee, it’s worth considering if you’re looking for a straightforward and customizable way to ask for cash gifts.
Choosing the Best Fit for You
When it comes to asking for cash gifts for your baby, there’s no one-size-fits-all solution. You’ll need to consider your individual needs and priorities when choosing the best option for you. If you’re hoping to receive cash gifts as part of your baby registry, consider using platforms like Amazon, Buy Buy Baby, or Babylist. If you’d prefer a standalone campaign, look into sites like GoFundMe or Kickstarter. And if you’re specifically looking for a platform that allows you to customize your campaign and choose where the money goes, KidStarter may be the best fit.
Asking for cash gifts for your baby can be a great way to start building a nest egg for your child’s future. Whether you choose to add a note to your baby registry, set up a standalone campaign, or use a platform like KidStarter, there are many options available to you. Take some time to consider your priorities and choose the best fit for you and your family.
Ready to raise funds from family & friends? Visit MyKidStarter.com