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The store catalogs, magazines, and Instagram feeds have us believe it isn’t a proper holiday without gifts spilling away from under the tree in all directions. But have you heard about the 3 gift Christmas rule? For about ten years now, this idea has been popular with online bloggers. Your kids only get three gifts chosen from three different categories.
How The 3 Gift Christmas Rule Works:
One of the toughest struggles as a parent is to give my children a joy-filled Christmas. To me, that somehow translates to giving them the gifts that they want in hopes that presents will make them happy.
With the rocketing prices of products every year and the massive marketing initiatives that are bombarding our children at every turn, the struggle to not bankrupt the family finances on Christmas presents is real.
As with most financial matters in life, learning how to budget is key.
Once you set a Christmas budget and stick to it, you’ll be able to sleep soundly that two goals have been met. You’ll have made selective, smart decisions for happy children and a happy checkbook. Here are some strategies, tips, and tricks to consider for establishing a Christmas budget for your child.
1.) Equality Approach: When It’s Important that Everything is Equal
For many families, it makes sense to give each child an equal value in their gifts. This develops a sense of equality to the presents. The number of children and your financial situation will dictate what your dollar amount is, but with some planning and strategic shopping, you can certainly make even a few dollars per child stretch quite a bit.
Here are the basics: Deter… Read More
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