Tooth Fairy pays an average of 40 cents more in 2012 than the Previous Year

Tooth Fairy I Lost a Tooth - BSN

(Best Syndication News) - According to Jason Alderman, Senior Director of Global Financial Education, Visa Inc., the average going price for a tooth is $3, which is up from $2.60 in 2011. The increase represents a 15 percent boost for losing a tooth this year. To help parents figure out how much the going rate is for the Tooth Fairy to leave, Visa has created a free app to assist in this matter.

If you are not sure how much the Tooth Fairy should leave for the lost tooth, fear-not, because Visa has created a free app for Apple iPhones and Apple iPads. The app, which can be downloaded at the iTunes Store, will calculate the going rate. If you do not have an Apple device, you can also visit www.PracticalMoneySkills.com/ToothFairy to use the calculator online from a computer.

It is not just a simple straightforward pay-scale; the Tooth Fairy Calculator app takes into account the gender, age, home state, income, and education level to determine the appropriate payment amount. Visa took these factors into account for their calculator.

Alderman suggests that parents take advantage of the Tooth Fairy hand-out by teaching their child about the value of saving a portion of it.

By: Nancy Connors
Entertainment Reporter

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