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Tag Archives: buying Christmas gifts

Should You Give Your Kids Cash for Christmas?

Should You Give Your Kids Cash for Christmas?

Christmas is supposed to be one of the most wonderful times of the year. When we celebrate it the way it should be celebrated, it is. However, many people feel that it is becoming so commercialized it is more about spending money than anything else. Of course, for retail stores it appears to be more about making money. So how do you give good gifts to your kids for Christmas without going broke? Should you give your kids cash for Christmas instead? Kids Like Cash Unless they are very young and have absolutely no understanding of money at all, most kids like cash. There is just something about getting money that lights them up. I think it is because of all of the possibilities it holds. They can use it right away on something frivolous or save it toward a larger purchase. You May Spend Less Giving Cash Rather than spending anywhere from $30 to $50 on each gift, and buying several, you may be able to spend less. For example, give each child a set amount, such as $100 and let them choose how to spend it. But another reason it may cost you less is in the wrapping. ...

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How to Handle Christmas Gifts When You’re in Debt

A couple of years ago, we were in the middle of a huge push to pay off our credit card debt once and for all. Then, the holidays rolled around. No, this joyous time of celebration did not make us happy to deck the halls and start singing about reindeer. We had gotten into the habit of not spending, and now it was time to think about holiday shopping. In the past, we bought gifts for most all of our family members, but spending a few hundred dollars on gifts is not the smartest move if you want to kill the beast that is consumer debt. This is my plan for handling Christmas while in debt. Slash Your Gift List There is no rule that you have to buy a gift for everyone you know or are related to, but if people assume you are buying something for them, they will probably get something for you. You might feel awkward if you show up with nothing, so make sure you tell people ahead of time that you’d rather not exchange gifts this year. You can share your debt story or not. Either way, there are tons of reasons you can ...

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