![]() These might be traditions you want to continue doing with your kids, or maybe you want to start some new traditions! Or maybe you drank hot chocolate together and opened one special gift on Christmas Eve. Growing up, your family might have celebrated Christmas by sharing an experience instead of stocking up on gifts. ![]() (And don’t forget to budget for stocking stuffers! Shopping at the dollar store is a great way to save money here.) Decide your limits ahead of time and stick to them instead of filling up empty space under the tree. The point is the value of the gifts is equal. You could spend $50 on a few small toys for one kid and $50 on one larger gift for another. No matter how old they are, setting a budget for each kid’s Christmas is key. Knowing this will help you plan how much to spend on gifts for each kid.Īnd if you’re trying to figure out how many presents you should give each child, your preplanned Christmas budget gets the final say. That’s where a budget helps! A budget gives you a big-picture look at your money situation and helps you understand what you can and can’t afford. The last thing you want to do is spend so much on presents that you can’t pay your electric bill next month. Here are a few things you’ll want to think about before shopping for Christmas gifts for kids: When it comes to planning and budgeting for your kids’ Christmas gifts, there’s no right answer-only what’s right for your family. But when it’s time to plan Christmas gifts for kids, you might be asking yourself, How much should you spend on Christmas gifts for kids? How many presents should a kid get for Christmas? Where do stocking stuffers fit into the mix? So many questions! We all want to give our family a holiday to remember. Whew! That sounds like a lot, right? Well, when you think about decorations, baking ingredients, holiday dinners and gifts for family, friends, coworkers and your kids’ teachers, it adds up fast. How Many Presents Should a Kid Get for Christmas?Īccording to the Ramsey Solutions State of Personal Finance 2022 Q3 report, on average, American families are planning to spend $1,300 on Christmas this year. If you’re wondering how much to spend on kids for Christmas, I’m going to walk you through a few things to think about before you start your Christmas shopping. No matter your money situation, parenting style, or what kind of milk you leave out for Santa, we all have something in common: We want to give our kids the best Christmas possible. And if you have kids, you know the joy of seeing their faces light up when they realize Santa squeezed himself down the chimney, dropped off a roomful of presents, and ate all the cookies in the house. Christmas is one of the best times of the year.
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