CNN.com has an article on Tooth Fairy Economics.

Shannan and Marty Boyer of Park Hills, Kentucky, faced a sudden financial quandary one evening. Their 5-year-old, Sean, had just lost his first tooth, and the Boyers realized they didn’t know the Tooth Fairy’s going rate.

“My husband was like, ‘Maybe we should give him a twenty?’ And I said, ‘No! I used to get a quarter!’” says Shannan Boyer, 32, a publicist.

They settled on $5…

Wow, twenty dollars! I don’t remember exactly how much I got when I was younger, but I do know quarters were involved. The article goes on to report that some kids in LA got $20 for a tooth, too, so this price tag doesn’t necessarily seem to be that far-fetched. How the times have changed! It’s encouraging to read that some parents are using this as a lesson to teach their kids about business, finances, etc. We definitely need more of that.

I don’t know about this whole paying for a tooth thing, much like I don’t know how I’m going to deal with Santa Claus, but I don’t have to worry about those decisions quite yet. This may change when I do have kids, but I think it would be more fun and beneficial to put tickets to a ballgame, the zoo or something along those lines under my kids’ pillow. I would much rather spend time with my kid than give ‘em $20 bucks that will only go towards buying a video game.

All you parents out there (and I know that there are a bunch of new parents) - how much do you give your kids/will you give your kids for losing a tooth?