Why give an Eidee, when you can give an Eid Gift?
It is narrated by Aisha (may Allah be pleased with her) that Rasulullah (peace and blessings be upon him) said: Exchange presents with one another, for they remove ill feelings from the hearts (Tirmidhi).
Eidee, in some Muslim cultures, is money given as a gift to children on Eid instead of a present, like a toy.
For me, growing up, Eid was a day to dress in fancy clothes, pray in a big hall, maybe go to someone's house or invite someone over, and then collect the same bills (minus inflation) year after year and later give them to my parents.
As a child, I really had no value for the bills. While the initial excitement of getting Rs. 100 and Rs. 200 is fun (as a child, I considered them a LOT of money), it eventually wears off. In the end, they're just pieces of paper with dead presidents or prime ministers on them.
Like many Muslim kids, I received Eidee, but rarely Eid gifts. The experience didn't scar me emotionally, but Eid became another day of the year, as opposed to the festive occasion it is supposed to be.
It's just easier to pull out Rs. 100 or more, instead of spending tiring hours in shopping centers and toy stores hunting for gifts.
There are definite advantages to giving a gift to a child instead of Eidee.
First, when children see their non-Muslim classmates, particularly those who celebrate Christmas, receiving gifts on the holiday, there is a potential to feel left out. Gift-giving allows the child to show and tell their friends about what they received during Eid. This also provides an excellent Dawa opportunity to explain what Eid is and the importance of the day for Muslims, even kids.
Second, giving a gift to a child or anyone else indicates you felt they were important enough to merit the time and trouble it took to find something appropriate.
Third, children, in general, value 'kid stuff' more than money. They will remember the gift longer than the money you may have given them.
However, Eid gifts should not become a competition amongst parents and children for the latest Rs. 1000 or more doll or truck. Allah does not love extravagance.
"And give to the kindred his due and to the Miskeen (poor who beg) and to the wayfarer. But spend not wastefully (your wealth) in the manner of a spendthrift. Verily spendthrifts are brothers of the devils, and the Devil (Satan) is ever ungrateful to his Lord." (Quran: 17:26 and 27).
Also consider this Hadith in Muslim. Abu Huraira related that the Prophet (peace and blessings be upon him) said: "Three things please Allah and three displease Him. It pleases Him that you should worship Him without associating anything with Him and that you should hold fast to the rope of Allah all together without being divided. It displeases Him that you should indulge in much talk and much asking and in wasting money."
Our spending must be moderate, and in line with what we can afford. Having to take on a second job or borrow money to buy presents, as is the case with some people when it comes to Christmas shopping, reflects an unhealthy and dangerous attitude towards gift-giving.
Then when you've given to you children their gifts watch their faces and compare: which made them happier, the well-thought out gift they wanted, or the 1000 Rs it took you seconds to whip out of your wallet?