View Poll Results: How much do you spend per child on Christmas presents?
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I don't buy Christmas presents.
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12 |
23.53% |
0 to 0.1% of yearly budget
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14 |
27.45% |
0.1 to 0.2%
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5 |
9.80% |
0.2 to 0.35%
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2 |
3.92% |
.35 to .5%
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3 |
5.88% |
.5 to .75%
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3 |
5.88% |
.75 to 1%
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2 |
3.92% |
1% to 1.5%
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4 |
7.84% |
1.5 to 2%
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5 |
9.80% |
More than 2% of yearly budget
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1 |
1.96% |
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How much do you spend on Christmas Presents?
12-27-2016, 02:38 PM
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#1
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gone traveling
Join Date: Oct 2016
Posts: 255
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How much do you spend on Christmas Presents?
Assuming you give Christmas presents to your children, how much do you spend per child?
(I'm using percentage of yearly spending in the poll answers, to normalize between people who are relatively thrifty and those who are big spenders. So if your yearly budget is 100K, and you spend $500 per child, that is 0.5%.)
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12-27-2016, 02:43 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2014
Posts: 7,058
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My DH and I have 5 adult kids between us and spend 100 on each person or couple. No grandkids yet. We make 65k/year. When they were kids at home we spent much more $ on them.
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12-27-2016, 02:44 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,941
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Total Christmas gifts cost this year totaled a little over $5000. About half+ of that was for gifts to local charities for needy kids in the area. So I don't know how that money was divided up for the kids.
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12-27-2016, 02:49 PM
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#4
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,346
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DW did virtually all of the spending for grandnieces and grandnephews. We agreed to a higher spend this year because the nephew and niece treated her and me (and most of the rest of the family) to a surprise 60th birthday party last month for DW at a very nice restaurant. Of course they wouldn't let us pay anything.
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When I was a kid I wanted to be older. This is not what I expected.
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12-27-2016, 02:53 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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please define "yearly budget"
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You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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12-27-2016, 02:55 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by Big_Hitter
please define "yearly budget"
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I don't have a budget, so I used my 2016 total spending on everything (including taxes, medical, the works).
My category was "0.5% to 0.75%", but if I had more than one kid I probably wouldn't spend so much on each one's Christmas present.
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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12-27-2016, 02:56 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,677
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I can't see polls on the mobile app, but we spent about 1% of our yearly spending on Christmas gifts. Most of that was a nice check to each of our daughters. They can use it and we don't need it.
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12-27-2016, 02:59 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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I blow a ton of $$$ around xmas. I'm counting the lib roasts, the cases of champagne, the dinners, golf equipment/apparel I don't need, everything..oh gifts too
oh, we don't have kids so I guess I'm a zero for the pole?
my dad bought us a box of steaks so we can put him in the cheap category (like 0.1%? 10 basis points? that's pretty cheap)
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You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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12-27-2016, 03:04 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,677
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Oops, I didn't read carefully. The 1% was for all of our Christmas spending. It was about 0.8% on the daughters only
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12-27-2016, 03:05 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,186
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We've reached the age where Christmas giving has become part of estate planning (gifting), so our percentage is on the high end of the survey scale.
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"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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12-27-2016, 03:05 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,506
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Quote:
Originally Posted by Big_Hitter
I blow a ton of $$$ around xmas. I'm counting the lib roasts, the cases of champagne, the dinners, golf equipment/apparel I don't need, everything..oh gifts too
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Does that constitute political commentary?
Now that our three millennials are comfortably self-supporting (and no grandkids yet), no gifting for us.
I should change my avatar to the Grinch, or good ole Ebenezer.
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OMY * 3 2ish Done 7.28.17
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12-27-2016, 03:07 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,181
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We spent just over 1% of our yearly expenses. This year we budgeted around $200 per child and $50 per niece/nephew (some of whom prefer we donate to one of their charities of choice, which we do instead). We don't by for our siblings, we all agreed 20+ years ago it isn't worth the stress (DW and I are both from large families).
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FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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12-27-2016, 03:07 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by 2017ish
Does that constitute political commentary?
Now that our three millennials are comfortably self-supporting (and no grandkids yet), no gifting for us.
I should change my avatar to the Grinch, or good ole Ebenezer.
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i say lib sometimes instead of rib. habit from my leisure suit larry days.
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You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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12-27-2016, 03:25 PM
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#14
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Full time employment: Posting here.
Join Date: May 2007
Posts: 549
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As a parent who would like to "see them spend it while I'm alive" I chose the >2% slot but then that's TOTAL for my THREE children...whoops!
With the election results our 4th quarter results were in the OMG range and I tend to base what I give my children on that each year :O)
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12-27-2016, 03:32 PM
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#15
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Numbers is hard (AND complicated, REW ). I guess my answer is more than DH wanted to give and less than I wanted to give. $ for adult kids, toys and clothes for little grands. Maybe between 1.5 and 2 for each adult kid including everything that their family received? It was a good year for all of us.
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12-27-2016, 03:46 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 3,532
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We have 2 children, but we also give the same amount to our son-in-law and our son's fiance. We have 3 grandchildren, ranging in age from almost 7 mos, 2 yrs and 8 yrs. Our son's fiance has a 19 yr old. We buy for them, but don't spend the same amounts per child.
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12-27-2016, 04:16 PM
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#17
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gone traveling
Join Date: Oct 2016
Posts: 255
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Quote:
Originally Posted by Big_Hitter
please define "yearly budget"
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I guess I mean, how much you spend in a typical year for any non-investment expenditure. Food, clothing, housing, healthcare, travel, etc. etc.
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12-27-2016, 04:30 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by Curmudgeon
I guess I mean, how much you spend in a typical year for any non-investment expenditure. Food, clothing, housing, healthcare, travel, etc. etc.
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good question
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You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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12-27-2016, 04:39 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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I can't afford kids. I spent nothing for Christmas.
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12-27-2016, 09:26 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,698
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Proudly zilch here. I was born Jewish but have been an atheist for the last 40 years. No spouse or kids, either (I do have a LF but we don't trade gifts). Haven't spent a dime on Xmas stuff since 1994, the last year I was in my office's grab bag. I opted out after that year.
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Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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