This is a category that is totally out of control this year. Most of it is my fault because I spoil my grandchildren and children at every opportunity. I think nothing of spending $200.+ dollars on them when they are here. It doesn't even have to be Christmas or their birthday. We just have to go to the toy or clothing store and I buy them whatever they want. This has to stop because as they are getting older(old enough to notice), I don't want them to think that money grows on trees.
Their parents are trying to teach them about being responsible with money and here is Grandma just buying them whatever they want. Fortunately my children have never said a word to me about it.
But let me tell you about a conversation with my grandson last weekend. My son and Hubby were busy watching the Buffalo Bills game. My grandson(he is 6) came to me and asked me if I would buy him some more Pokemon cards. Two weeks ago, I bought him a training set of cards for $50.+ tax. He was so very excited. It's just two weeks later and he wants me to buy more. At first I said no but then I gave in and purchased him 100 cards on Amazon for $ 16.52 plus tax. I know it's not a lot of money but these constant purchases are really adding up.
More importantly this conversation really bothered me. Is he thinking that whatever he wants, he can just ask me for it? I have to learn to purchase responsibly for him and my granddaughter. I never did this with my own children. They got gifts for birthdays and Christmas and perhaps something once in a while related to sports that they were in.
So I am cutting back on the constant buying for them. I want them to realize that you have to work hard for your money. My grandson has weeded the patio for me every once in a while and I give him a couple of dollars. I think that is the way to go. I can always find some chore around here that they can do to earn some money for the toys and things they want. They need to learn that work and money are related. Their parents have household chores for them that they are expected to do for no money. Then they have extra jobs that they earn a few cents at. They are being taught to save their money for the things they want. That is what I used to do with my kids. This is what I need to do with my grandchildren.
So gifts will be reserved for birthdays and Christmas. There may be a rare exception but not the constant buying that I have been doing. This will be hard on the kids but especially hard on Grandma. But we will get through it.
But I need your help! I have no idea what is a responsible amount of money to budget per person for birthday and Christmas gifts. How much do you spend on your adult kids or grandchildren for those occasions? How much do you spend on your children? I would love to hear what you do for your families. Please leave a comment and share.
I love the idea of buying 4 gifts for the grandchildren at Christmas. Something they want, something they need, something to wear and something to read. Do any of you do this?
My children we give gift cards to. They really enjoy those rather than some item that they don't need or want. But what is an average amount?
We stopped exchanging gifts at Christmas with our extended family a few years ago. Hubby and I buy whatever we need all year long so we don't exchange gifts on birthdays or at Christmas.
I also have had 4 baby shower gift baskets to make in the past year or so. That has not been cheap. I need to buy one or two gifts for those occasions.
We also seem to get a lot of other invitations for weddings and birthday parties. We have to learn say no more often. Sure there are some that we really want to go to like the 80th birthday party that we are going to for a long time friend(55 years). But there are others that we can turn down.
During the year, I save money towards Christmas and birthday gifts. I use rewards credit card cash back money, Amazon points, Saving Star rebates and Ebates cash, bottle deposit returns and rebate checks, saved change, etc. Any little bit of extra money that comes our way goes into that stash. It adds up to a great deal of money by October of every year. I will count it up on October 1st. Then I will start saving for next year.
We give gifts every year to our mailman, UPS men, garbage men, hairdresser, etc. I am wondering if this is really necessary? They get paid to do their jobs so is this overkill? Do you do this? I would love your thoughts on this.
I have to set a certain amount of money for each of these occasions and stick to it no matter what. But I don't even know where to start. Any thoughts or help would be appreciated.
I just can't continue to let our money dribble out the door in the form of frivolous gifts especially for no occasion at all. I would rather invest that money into the trust where in would be better used for my grandchildren's college education.
Thanks in advance for your help.