How much should you spend on your kids for christmas: How Much to Spend per Child at Christmas – NO GUILT GUIDE
How Much to Spend per Child at Christmas – NO GUILT GUIDE
Christmas is around the corner, but hopefully you are planning in plenty of time to make this fun! If you are looking at your overall budget, check out this guide on budgeting for Christmas in YNAB.
The national average on Christmas gift spending per child is between $200-$300 for the last 5 years.
This year is no different, but choosing the amount to spend on Christmas per child is a personal decision with your budget as the main factor. That said, don’t forget to take into account your family traditions, desires, and ages of the kiddos!
Christmas Spending Trends
I was stunned when I saw the following:
17% of American parents spare no expense when it comes to Christmas gifts.
Jovana Kentic for Capital Counselor
I discovered a survey through RetailMeNot that 66% of households plan to spend the same amount or more. I keep hearing about a struggling economy, so as long as the spending isn’t debt-fueled, this is a relief!
Notice in infographic they share that Christmas spending is up per child by $40 over last year’s spending per kid.
This falls in line with what I’ve seen for national polls over the last 5 years, but to make sure these surveys include real people, I reached out to a financial Facebook moms group and a local Facebook moms group for an unscientific ask. Very unscientific, but I’m finding the same thoughts this way, as well.
In both groups, 70% of moms plan to spend under $400 per child with a pretty even split between the $0-$200 and $200-400 camps.
Consider this against the average expected spend to be $942 according to Gallup.com.
Find the Right Gift Budget per Child
1. Determine Your Overall Budget FIRST
It is helpful if you start by looking at what you are able to spend for the holiday season. When you start putting pen to paper, make sure you include all of the parties and expectations that tend to crop up.
That’s why you have to start with knowing what you’re willing to spend, and then you can dive into how that money gets spent. Planning will keep your finances in a good place.
I credit a lot of my planning & keeping debt out of my life by moving over to the budgeting software, YNAB, and you can read more about budgeting for Christmas using YNAB here.
Step #1: List out your holiday expense expectations.
Our family knows the ebbs and flows for the most part. For example, in my husband’s friend circle, we buy 1 gift for the party under $100, 1 gift for the host, and we bring a dish. For my friend circle, I buy 1 gift under $50 and pay for an evening at a wine bar.
We literally list all of these events plus things like work functions, holiday decorations, or any other pieces of the season that are important to you and your family.
Here’s a full list to help you get a comprehensive list to plan well, but you certainly can trim to what your family prioritizes!
- Gifts for those in your home
- Family Gifts
- Friend Gifts
- Coworker Events or Gifts
- Special dinners
- Potlucks
- Parties
- Christmas tree
- Ornaments
- Outside decorations
- Inside decorations
- Don’t forget the stocking stuffers!
- Charities
- Goodies for neighbors
- Christmas Cards
- Bonus or gifts for your service providers (house-cleaning, daycare, & such)
Notice that as you start listing out what the expectations are, they almost line up with your priorities.
Step #2: Prioritize each item in your list
I find this helpful because once I start putting each thing in order, it helps me start to question whether I want to sign up for that item again this year.
Just because it’s what you’ve done in the past, that doesn’t mean that it’s a requirement every year. I’m not saying ditch your traditions!
Just think through the priorities, and if you got all full of angst thinking I’m asking you to knix your traditions – you can clearly see that the tradition in your mind is top in your list of priorities!
I’ve been caught needing to buy a nice pie for a get together I didn’t account for when I go through this exercise! I generally know what is expected of me each year. Certain friends and family members have certain get-togethers.
It’s so easy to overlook those things, though!
Step 3: Allocate your budget to each of the priorities – in order
The final step is to allocate what you have to spend to each of the buckets. That’s it. You’ve got a list of traditions, parties, and people you’d like to spend money on this holiday season. You ordered them. Now assign dollar values to each!
Now the whole point was to uncover how much YOU have to spend on your children in relation to what you hoped to spend for the whole holiday. Are you happy with the number?
If you have money leftover to allocate, you can be more generous with the kids, or you could always just leave a buffer. Those toys need batteries that are easy to overlook!
If you hoped to spend a bit more on the kids, feel free to make the cuts you need to make. Is there an opportunity for a new tradition here? Like making something you’d buy in the past for a party with friends or your decorations?
Can you cut overall items for the list of expectations of you and your family?
Can you shave 5% off each item?
You can decide which options feel right, but by going through this exercise, you get to choose your financial priorities while also spending wisely yet keeping the spirit alive for the family!
This covers the overall financial budget, but you may not quite split your children’s allocations 50/50. Next, we’ll dive into some other considerations on a per-child budget plan.
Don’t forget to budget for Christmas dinners and gifts associated with the get-togethers!
2. Consider the Age of Your Children
When deciding what to spend on each kid, the age of your children is important. For example, teen gifts tend to be fewer but more expensive, but smaller children are quite happy with 30 tiny gifts instead.
My sister and I have a 10 year age gap. As a young adult, I worked at a drugstore. One year I bought beauty items that were marked down for the months leading up to Christmas. I put all of the goodies I collected in a simple basket to store them and wrapped that with crazy glittery bows.
We are now 20 years out from that, and she still talks about that as being the best present she ever got as a child. I’m sure I spent less than $20, but I also had fun finding the goodies and playing with her. It’s the simple things, right?!
There is no hard and fast rule here, but be sure to take the age and how they perceive gifts into account. While you want to make things even, sometimes even is in the eye of the beholder and completely mental!
The age of your children is a big factor in how your children perceive the gifts under the tree. Especially in comparison to their siblings!
Consider Your Children’s Needs
If you have a child in need of a bigger ticket item, it may warrant a split in your overall budget that isn’t balanced, too.
I recall a year where one of our teens wanted a laptop, and it made sense for schoolwork at the time. Yup. Before they were a norm at at school.
At the time, even inexpensive laptops could make a budget get out of hand. Normally, we spend $200 per child, but that year we spent around $400 on the laptop. We did not feel good about cutting the budget on the other kids that year, so we just bumped our overall Christmas up that $200 to make up the difference.
Over the next year or 2, the other kids ended up in a similar boat where we ended up going over to meet a need like a bicycle that doubled for commuting and another laptop down the road for another kid.
Eventually the amount you spend will average out if you make conscious efforts.
Of course, the unbalanced spending is easier if your kids are old enough. Old enough to set expectations and old enough to buy-in to your thought process here!
Consider Your Family’s Traditions
Part of what makes the holidays special are the traditions that go along with them. Baking together, the parties, the crafts your kids will make in school. All of these things make up what will be your children’s nostalgia years from now.
Why does this matter to how much to spend per child? Bake those things into your budget as a priority!
For example, I buy 1 set of pajamas EVERY year for all of our kids. Even the grown ones get a pair of pajamas still.
They know it, and the surprise comes through what design they will get. They also get the LifeSavers StoryBook candy plus other random candy. I got them every year growing up, and I like carrying that tradition on.
So as soon as I set the budget for each kid, a pair of pajamas and candy is baked into the budget. Generally this means $20-$30 for each kid, but I have bought more expensive pajamas for my step daughter from time to time. She enjoys the pajamas more than the boys, so her preferences are accounted for.
They generally roll their eyes at this tradition as teens and young adults, but they DO like them. They like the tradition, so going back to that priority conversation – it’s a priority for our family.
Christmas Budget Mantra: Give WITHOUT Debt and Stress
Rest assured that your kids do NOT want you to go into debt.
Be a different kind of statistic and come out of the other side of the holiday season with no additional debt! The inverse of what the financial gurus will be talking about in January.
-Renee McKinney
Emphasis the togetherness of the season, and be sure to look for places for lessons to help them understand that your love for them is not wrapped up in the number of toys under the tree or how much you spend.
An example here is that my 14 year old recently mentioned how his step-mother was “high maintenance” because of expectations he perceives that she places on his dad for her Christmas gift.
This was a lesson about Gary Chapman’s book on The 5 Love Languages available on Amazon or your local library if you haven’t heard of it.
Essentially, we all have ways that we intake love more than others, and the book walks you through identifying your love language, as well as, the language of those in your circle. There is even a kid’s specific version. I’ve read both, and the overall one is fine if you’re on the fence as we’re talking about budgeting for your children’s Christmas gifts. 🙂
If someone feels love through gifts versus how you may be more receptive to love through quality time with a loved one, it doesn’t make their way ‘bad’.
In my example, my son’s father just has to budget and have conversations around expectations, but it isn’t bad. It was a good conversation to have with my son.
You’ll likely find these types of lessons throughout the season and beyond as you are raising your little humans.
Just remember…. No debt, minimize stress!
How Much Should You Spend on Each Family Member for Christmas?
Going into the holiday season, I am faced with the age old dilemma – How much should I spend on Christmas gifts for family members?
While I would love to spend an unlimited amount on Christmas presents for everyone in my family, I realize that I need to keep my holiday spending in check.
How Much to Spend on Family Christmas Gifts
How much money you spend on each person depends on their relationship to you.
The closer the family member, the more you should spend, in general.
Here is a some examples:
- $5 to $15 is a good range for family members you don’t see very often.
- Between $25 to $40 is good for closer relatives like nephews and cousins.
- For immediate family members like brothers, sisters, children, and parents, you could spend between $50 to $100.
The higher your budget, the more you can spend in each category.
Now that we have more wiggle room in our household budget, our kids get up to a few hundred dollars’ worth of gifts.
For a husband or wife, the sky’s the limit! HA (I’m only kind of kidding)
What About Your Grandparents?
I think the trickiest family members to know how much to spend on are grandparents….oftentimes grandparents are the people in your life who can already buy whatever they want on their own.
There is not really a set amount to spend on your grandma or grandpa, Nana or Papa or Poppy. Or your great grandfather!
I find that most grandparents don’t want kids or grandkids to spend a ton on them. Just try to make their gifts thoughtful.
My grandmother loves receiving recent framed pictures of the family. Picture calendars are also a great idea. You can get a great & thoughtful grandparent gift for $10-$30.
Here are some amazing gifts for grandma if you need some ideas.
The First Step in Budgeting for Holiday Gifts
Before you decide how to spend per person, you need a grand total that you’re willing to spend. As in, the MOST you want to spend this year.
If you’re not sure where to start, a good rule of thumb is to look at your previous years average spending.
If you have more spending cash this year, then set a total amount slighter higher than last year. If you want to spend less, then go lower.
Once you know the final amount AND the number of people you will be buying gifts for, then you can set a limit per person.
Your Christmas spending budget is easier to adhere to when you keep in mind an average amount to spend per person while shopping. If you keep this number in mind for each gift, you will avoid overspending.
Not only does this help you stay within budget this time of year, it also encourages you to find the best gifts at a great price.
Don’t forget that you can use sales and coupons to stretch your holiday budget. For this reason, Black Friday is a perfect time to do some of your Christmas shopping.
This is a great way to make sure everyone gets equivalent gifts according to their relationship to you.
For instance, you want to avoid buying something really expensive for your cousin when you didn’t spend very much on your brother, if that makes sense.
Example Christmas Shopping Budget
Let’s say you have $500 total to spend.
And let’s say you need to buy gifts for 10 people.
- Write down the names of everyone who you will be buying a gift for, in order of closeness in relation to you. This helps you get a good starting point.
- Write a dollar amount beside their name to represent the MOST you will spend on each present. Now here’s a completely made up example –
- Husband – $100
- Daughter – $75
- Son – $75
- Dad – $50
- Mom – $50
- Niece – $25
- Niece – $25
- Nephew – $25
- Dog (really!) – $15
- Best Friend – $35
- Neighbor – $25
- Add it all up and see where it comes up to in total relation to your $500 budget and adjust from there.
You could do this on a spreadsheet but I find that a simple piece of paper works just fine. I’ve done it both ways!
Here are two resources you can use to set your Christmas budget:
- Printable Christmas Gift List
- Free Christmas Budget Worksheet
How to Reduce the Amount You Spend on Gifts
If you are on a tight budget, do not worry. There are many gifts that can fit into a smaller budget.
I’ve written about many free (or almost free) yet meaningful gifts that are not very expensive on the blog before >> Read: 17+ Free But Meaningful Gift Ideas
You may also like these related posts for when money is running low:
- 21+ Gifts for Kids Under $10
- 37+ Low Cost Gift Ideas
If you do your best to stick to a reasonable spending limit per person, you will be able to have a special day without blowing your budget or adding to your credit card balance. Best of luck to you!
- Author
- Recent Posts
Lena Gott
I’m a CPA turned SAHM of 3 little ones ages 4, 6, and 9. I’m a mommy by day, blogger by night. Join me as I write about fun kids activities, family finances, and losing 50 lbs after baby #3.
Latest posts by Lena Gott (see all)
Don’t Miss the Latest
Planning a baby shower is something that falls on friends and loved ones of the mom-to-be, and it can be nerve-wracking to pull together under certain circumstances. Typically, the host(s) provide food and drinks, but there are lots of reasons you might want to opt for the easier route and make the celebration into aKeep Reading
Looking for summer bake sale ideas that will bring in the big bucks and help reach your fundraising goal? You’ve come to the right place! A summer bake sale brings its own unique challenges… You want sweet treats BUT they also need to be able to withstand the summertime heat! And, of course, you wantKeep Reading
Do you need ideas for edible things to sell at school market day? If you have approval to sell food in your booth (very important to get before you waste time planning this out), then your next order of business is to figure out what to sell that people like like! What FoodsKeep Reading
My 7 year old and 4 year olds just love school. I wanted to give their teachers something special this year. So I had both girls fill out (well, my 4 year old told me her answers) a questionnaire as a sort of “thank you note” to their teachers. Cute End of YearKeep Reading
traditions, guessing what can and cannot be done before January 18 – YASIA
Orthodox Christians on January 7 began Christmas holidays. This is the name given to the days between Christmas and Epiphany. The festive period, in which pagan and Christian traditions coexisted, lasts 12 days. At this time, it is customary to have fun and carol.
What can be done on Christmas time
On the first day of Christmas time, you should definitely visit your loved ones. Even in Rus’, the Yuletide period began with congratulations and visits. Remember to thank your loved ones for their love and kindness.
As with any other holiday, a meal is a necessary element of Christmas holidays. Despite the fact that Christmas time officially begins on January 7, many people start celebrating as early as the evening of the 6th. After the first star appears in the sky, you can invite your loved ones to the table and feed them with your culinary masterpieces. There should be at least 12 dishes.
Advent ends on January 6, which means that you can already drink a small amount of alcohol on Christmastide. However, try to control yourself, because at this time there are many entertainment events – such an atmosphere can cheer you up without alcohol.
On Holy days, every believer is simply obliged to attend church. If you do not have such an opportunity, then pray at home, because prayer will bring you results, no matter where and under what circumstances you say it. The main thing is that it comes from your heart.
The Church does not approve of ceremonies and rituals, especially if people do it on Orthodox holidays. Despite this, during the Yuletide period, many fortune tell for love, money, and even for the name of the future spouse. Such entertainment is popular among the fair sex, because every girl wants to know who will become her prince.
During this period, be sure to give and receive gifts so that this year there will be prosperity and abundance in your house. Be sure to accompany your congratulations with good wishes.
Congratulate all your acquaintances, even if you rarely communicate with some of them. Do not neglect this rule, and then you will have many new acquaintances, and friends will not leave you.
What not to do on Christmas time
Even on ordinary days, negative thoughts and feelings have a bad effect on our lives, and on Christmas time they can even become detrimental to you. Do not swear with others and do not say nasty things about anyone, otherwise you will be overcome by illness all year.
From Christmas until Epiphany, women are not allowed to gamble. It is believed that if a representative of the weaker sex violates this rule, then in the future not a single man will want to connect his life with her.
During this period no one should be denied help, especially children, poor and sick people. It is not necessary to donate fabulous amounts to funds, you can simply feed the homeless or give them some money.
Of course, during the Christmas season we will be forced to attend work and go about our daily business, but remember that hard work is not encouraged at this time. In Rus’, it was believed that during this period you can work only half a day, and it is advisable to spend the remaining time on going to church or having fun.
At this time, hunters should forget about their hobby for a while, because there is a sign that if a hunter goes to the forest during Christmas time, then misfortune may happen to him.
Divination
Divination is considered one of the main folk traditions in Svyatki – a custom that has been preserved since pre-Christian pagan times.
Fortune-telling by the ring
The golden ring must be put in a glass of water and left overnight in the cold (you can take it out to the balcony). If there is no balcony or a thaw outside, a refrigerator freezer will do. The result will appear in the morning. Frozen water without tubercles means childlessness. If bumps form on the surface of the ice, you will have sons. Pits on the frozen surface means that girls will be born.
Fortune telling on wax
Wax is melted in a mug, milk is poured into a saucer and placed at the threshold of an apartment or house. With the words: “Brownie, my master, come under the threshold to drink milk, eat wax,” melted wax is poured into milk. Then they carefully observe what is happening. If you see a frozen cross, they are waiting for illness in the new year. If a flower – there will be a wedding or a loved one will meet. If the beast – some kind of enemy will appear. If the wax flows in strips, roads and crossings are coming. Asterisks mean good luck in the service or study. Human figure – find a friend.
Fortune-telling on a mirror
This most “real” fortune-telling is performed strictly on moonlit evenings in the yard or in a room where light penetrates. The best time for this divination is midnight, when the power of the moon is at its maximum. A large mirror is placed on the table, against it – a small one, along the edges – two candles and they begin to direct the mirrors. When 12 mirrors are reflected, look at the images in the last of them. When you see a symbol or a face, you must immediately say: “Chur, this place!” The table must be covered with a clean white or completely black tablecloth – these colors have a protective effect, acting as a talisman for fortunetellers. It is also important to remain completely silent.
Divination on burning paper
Write the name of your loved one, then put the note on a saucer and set it on fire. If the paper does not burn to the end, the desire that you associate with this person will come true.
Fortune telling by shadow
It is necessary to position yourself in front of a smooth light wall. If necessary, it can be hung with a white sheet. Fortune telling by shadow should be started in full concentration on a question that can concern any area of \u200b\u200blife. You need to turn the plate over and put a crumpled paper sheet on its bottom. A burning candle is placed so that a well-visible shadow forms on the wall. Already at this stage, the fortuneteller can see the first image, indicating the root cause of the problem. The paper should be set on fire. It is necessary to carefully observe the shadows appearing on the wall. Each of them contains the answer to the question.
How much money to give to a teenager and what they spend it on
Children
And they didn’t become drug addicts
Yulia Medvedeva
mother of two teenagers
“I go without a hat because I don’t have a normal hat! my eldest daughter told me. “Mom, give me money!”
When my daughters, Irina and Yulia, were 9 and 11 years old, we started giving them money — 500 R per month. They spent it on sweets and trifles, and asked for the rest from us. This is the constant: “I need to buy a new mascara”, “Mom, can I order a cover on Aliexpress for myself?”, “My phone is buggy, how will I go to school with it?” and so on.
Spending on children has always been an unpredictable item in my budget for me: no matter how you try to put in a margin, you will still spend more.
The worst thing was shopping together. When every question is: “What will you wear this with?” or “Are you sure you really need it?” – could lead to a quarrel and a public scandal.
In short, I’m tired. And when the girls were 14 and 16 years old, I saw someone post on Facebook about how parents give student children a monthly amount for all expenses, and decided that schoolchildren are no worse than students. So I started an experiment.
How much money we began to give and for what
Once I talked to both daughters and offered them a scheme: we calculate monthly expenses and on the first day of each month I give them this amount. Then they plan their own budget, go shopping, save for large purchases and don’t touch their parents.
We decided that food and hygiene will remain for adults, and Irina and Yulia will pay for everything else.
Currency and prices
During the experiment, we lived in Italy, so we counted all expenses in euros and at local prices. For the convenience of readers, I have recalculated everything in rubles, but the prices may still seem unusual. And six years have passed since then: the cost of many goods and services has changed. This does not affect the essence of the experiment, but do not be surprised.
To calculate the required amount, we divided all expenses into two categories: monthly and all other. We added up all the other expenses for the year and divided them into 12 months. The resulting amount was added to the monthly expenses and thus received the desired figure.
The monthly expenses for each daughter included: transport (22 €), communications (10 €), entertainment and sweets (10 €), cosmetics and small expenses for socks (18 €). Total 60 € (4774 Р).
We calculated the rest for the year: clothes (600 €), gifts for friends and family (240 €), gadgets (240 €). Total €1080 per year = 90 € ( 7161 R), per month.
Irina recorded the decisions in a notebook to make it easier to remember and analyze later
To calculate how much we spend on clothes, we figured out how much and what we buy during the year. The list turned out like this: a coat, a jacket, a windbreaker, 2 pairs of boots, a pair of shoes and a pair of sandals, 3 pairs of sneakers, 4 pairs of jeans, about 6 jumpers, about 20 T-shirts, about 5 dresses, about five shorts and a bridge, three sets of school clothes , a pair of hats and scarves, gloves, belts, a pair of backpacks. We looked at the prices in our favorite stores, calculated the approximate amount and rounded up for unforeseen cases.
The amount for gifts was calculated as follows: the number of loved ones was multiplied by the approximate price of one gift and by two more, because it is customary for us to give large gifts for the New Year and birthday.
The amount for gadgets was calculated based on past experience: approximately one phone in 2-3 years. At the same time, we agreed that computers, laptops and other large equipment remain in the family budget.
The total amount on hand turned out to be 150 €, or 9560 R, per person per month. This amount was similar to what I actually spent on children from the family budget, so we did not bargain and agreed the first time.
Results of the first month
I started giving money to my daughters from January 1 — 150 € each. At first, we were all a little scared. I was afraid that they would spend everything on drugs, booze and in-app purchases. Yulia and Irina were afraid that they would not be able to manage their money sensibly and would find themselves in a difficult situation.
In the first month, they bought almost nothing. When we went to the traditional sale together to update our wardrobe, we both spent about 20€ each. But they went to the drawing store three times a month and bought themselves paints, canvases and some special markers, for which I always felt sorry for the money, but they turned out to be very necessary and important.
How to teach a child to save
Yulia installed a program on her phone to manage her budget
When her daughters went to school after the holidays, it turned out that Irina needed to buy some stationery and a book for study. She came to me and asked me to add the cost of stationery and books. We thought and added 25 €. From February, I began to give them 175 € (13,924 R).
At the end of the first month, both had about €50 left. For a month, I did not hear a single request to buy anything. We had fun, like girlfriends, went shopping and each of us paid from our wallet. The youngest, Irina, with a clear conscience, bought a bunch of sweets and treated us all. Everyone was satisfied. The experiment continued.
Impressions of the 4 months of the experiment
First of all, I was pleased that relations in my family had improved. There were no more reproaches for excessive spending, resentment for the fact that someone did not buy something for someone. Shopping has turned from torture into pleasure, and we have fewer reasons for conflict.
It became easier for me to plan my budget. I had a specific and fixed amount of expenses for children, and I knew that a suddenly torn jacket or a broken phone would not jump out at me. For such cases, we agreed on lending, but both daughters began to take things more carefully.
How to talk to loved ones about money
Sometimes it seemed to me that they were doing everything wrong, and I wanted to intervene or at least give advice. But I stopped myself because I understood that this would ruin the whole experiment. The first two months were the hardest. Then I got used to and stopped counting how many lip glosses my youngest daughter bought, and tried not to think why the older one needed a new power supply for the computer and what happened to the old one.
Once they bought a remote control typewriter and a new dog house, although no one asked them and this expense item is not included in their budget. On March 8, the youngest gave me a bottle of perfume.
Shopping for girls: cosmetics, fashionable clothes and toys – something that mom always felt sorry for the money for
When we discussed where we would like to go on vacation, the daughters seriously argued that they would participate with their money in the general expenses for the trip. I realized that they have become more serious about money and, in general, have matured over these months.
This is what they themselves said about our experiment after 4 months.
Irina, 14 years old: “It’s convenient for me that I don’t have to ask my mother for anything. I spend mostly on clothes, phone, entertainment, sweets. I have more clothes, I started buying more of what I like. Just before, about the same amount of money was spent, but somehow less often and not like that. Mom bought what she needed, not what I needed. I didn’t feel that I could go and buy myself some delicious treats. And now I can. I save a little, and I have a minimum of 100 € just in case, and this amount is gradually increasing.