My wife and I got invited to a Christening the other day. In fact the Dad might even be reading this post. (If you are reading, G, we aren’t likely to make the 3,000 mile trek. We will be doing Relay For Life). Anyway, we wanted to send a gift for the new baby. In fairness, it wasn’t really a “we”, I often outsource these tasks to Energi Gal (thanks Honey).
During her search she came up across this item… Tiffany’s Bunny Bank – Baby’s first savings account. The $1,225 price tag sure is a lot of savings. If that money was invested and it earned 6% a year (not an unreasonable amount after taxes, inflation, and investment fees), it would be worth more than $54,000+ in 65 years. That’s real, spendable money in today’s dollars. If he uses the money when he’s 80, he could go on a spending spree of $129,600 (again in today’s value of dollars).
I get the feeling I know what Cap would say about this purchase. Is this just something for the rich uncle to buy? I just love the irony behind this product.