How Much Does That Tooth Cost?

My son is now at the age when the baby teeth start falling out.  I forgot how exciting this event is for kids.  Every day he tells me that it is going to fall out today.  In anticipation, his grandmother has given him a small little box to be able to put the tooth under his pillow for the Tooth Fairy.

This naturally causes us parents to wonder how much money we need to leave as the Tooth Fairy’s representative.   I received a quarter when I was a child, so I thought that a quarter would work.  My non-finance major wife informed me that due to inflation, it needed to be more like a dollar or two.  Some recent studies show that the national average is up to $3.  So that brings us back to what is an acceptable amount.

The Tooth Fairy dates back to the early 1900s to symbolize a rite of passage for the child.  Money was not always the present exchanged for the tooth.  Toothbrushes, toys, even candy have been delivered by the Fairy.

While there is pressure to keep up with the Jones’ and what their Tooth Fairy is giving, the opportunity to make this a learning event is often lost by parents. This can be the perfect time to teach our children the value of money.  Get them in the habit of dividing what they get into 3 parts.  Part for spending, part for saving and part for giving to others.  It is never too early to learn these smart money move lessons.

How much (or what) does the Tooth Fairy leave at your house?

Written by:

Van Pappas, CFP®

Vice President of oXYGen Financial, Inc.

oXYGen Financial, Inc – The Leaders in Gen X & Y Financial Advice and Services

Visit www.oXYGenFinancial.net to request a consultation on how to make smart money moves for your future.

Securities and Investment Advisory Services offered through NFP Advisor Services, LLC (NFPAS), Member FINRA/SIPC. Oxygen Financial is not affiliated with NFPAS. NFPAS does not provide tax or legal advice.   This site is published for residents of the United States only. Registered Representatives and Investment Advisor Representatives of NFP Advisor Services, LLC (NFPAS) may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact NFPAS Compliance Department at 512-697-6000.   PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. NFP Advisor Services, LLC makes no representation as to the completeness or accuracy of information provided at these web sites. Nor is NFP Advisor Services, LLC liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.


  • Avatar
    October 2, 2012

    We typically gave a dollar for each tooth although first and last teeth could command up to five dollars. Giving candy certainly must have been before advanced dentistry.

  • Avatar
    October 3, 2012

    My mom accidentally left a $20 bill under my bed when I lost a tooth once. Not wanting to let the secret out, she couldn’t tell me, but she later told me how irked she was when I walked around shouting about my $20 tooth!

    Usually we only got $1.

Leave a Comment