It not only saves the gift giver some serious bucks over time, but the birthday kid gets to pick out something they'll really love.

My kids are at an age where they are almost out of the whole kids' birthday party scene and I wish I knew about this years ago. I came across a great read on GoodHouseKeeping.com about kids' birthday parties and the best gift to give.

It's called a "Fiver Birthday Party" where, when parents send out the party invites, they make sure to mention if the guest chooses to give a gift to make it just five bucks.

I think this is such an AMAZING idea and wish I thought this up back when we started having parties for my kids.

TSM/Christine Fox

Say there are 10 kids invited and each gives a gift of $5. The birthday boy or girl receives a total of $50 to spend on something of real value that they really really want, versus a bunch of small things that are going to end up in the back of the closet or under the bed. Also, it's teaching your kids the value of a dollar—or in this case, five dollars.

I think it's a win-win and something parents of the younger end should really consider. 🎉