Happy Holidays - What is a good rule of thumb for gift giving/budget?

No kids or nieces or nephews to buy for...but I thought you might enjoy hearing about a custom my Mom kept no matter what the age of the child.
For either a birthday or Christmas, she would give each of her children a check written out to the amount equal to $1 for every year of age. We were allowed to spend it (or save it) expressly on ourselves, along with whatever other gifts she could afford.
It was a neat tradition. :D

I do this for my niece and nephew's birthdays. it seems fair to give older kids a little more.
 

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