The holidays are getting closer. If you’re like a lot of people, you look forward to this time of year. Of course, the delicious food, parties, and gift exchanges are hard on your waistline and your budget.
If you have children, it can be especially difficult to determine how much to spend this holiday season. Fortunately, the gifting experts at Giftster are here to assist.
We’ll help you consider how much you can spend on gifts for your kids and provide a few tips for a holiday budget.
Factors that influence your holiday shopping budget for kids
Every family’s values, traditions, and finances are different. This makes it hard to provide an exact monetary recommendation. However, here are some of the things to consider.
Your family’s values
Many families have instilled values in their children that include being generous with others, being grateful for what they have, and spending quality time as a family. Children with these values may not need to see a huge pile of gifts to enjoy their holidays.
If this is the case for your family, you can probably be more conservative with your budget for presents for your kids.
Your holiday traditions
Do you travel for the holidays, attend a lot of parties, or have huge lists of people to buy presents for? These expenses can really add up.
When you’re thinking about how much you want to spend on each of your children for the holidays, consider how much money you’ll be spending on other holiday costs. You might even budget less for your kids’ presents if you’ll be spending it on experiences for them instead.
If money is tight, it’s natural to be worried about affording presents for your children. However, you can still create a meaningful holiday experience without spending a lot of money. Don’t compare your budget to others; it’s fine to be realistic with what you can afford.
Even if you have plenty of money to spend on your kids, you may not want to. Think about the character traits you want to instill in your children and whether a huge pile of presents aligns with those.
Tips for a healthy holiday shopping budget for kids
When you decide on a budget, here are a few tips to help you make the most of it:
- Spread purchases throughout the year
- Take advantage of sales
- Arrange gift exchanges instead of buying for everyone
- Create your own DIY gifts
- Give the gift of family time
As you help your kids build their wishlists, remind them that they can ask for things that don’t cost money, like an at-home movie night or a family picnic outside. It’s easy to add these items to their lists at giftster.com. It’s the perfect gift registry for holiday giving. You can share their lists with friends and relatives and make it easy for everyone to pick out the perfect gifts.