Whats the appropriate amount to spend on a Christmas gift?

During this glorious season of gift giving and celebrating, a common question that tends to cross the minds of many people is: “What is the appropriate amount to spend on a Christmas gift?”. While there is no one answer that will solve this dilemma in every situation, here are a few tips that should help you decide how much to spend on Christmas gifts.

• What is the relationship between you and the intended recipient? While you obviously want to make a good impression, and give your recipient something that brings them joy, you might want to consider how close you are to them. You would likely spend more on Christmas gifts for your significant other, for instance, than you would a neighbor or coworker that you barely know.
• How old is the recipient? It’s important to remember that money can’t buy happiness- even at Christmas time. Consider the age of your intended recipient, and make a list of gifts that he or she might appreciate. Gifts for infants and small children, for example, often cost much less than gifts for teenagers and older folks. A small plush toy, action figure set, doll, or even a coloring set is an inexpensive way to bring a smile to younger children, while it might take a little more investment to purchase a gift for a teenager or adult.
• How much can you really afford? Make a list of the people you intend to buy gifts for this Christmas, and jot down a few gift ideas for each person on your list. Next, evaluate your budget. Never be embarrassed by the amount of money you spend. It’s the thought that counts, after all.
• Don’t be afraid to go “cheap”. Just because you have the money doesn’t mean you have to spend it. If there is a gift that is appropriate for your recipient but doesn’t cost much, don’t be afraid to purchase it anyway. Remember, your intention is to give your loved one something that makes their day brighter.
• When in doubt, ask. If you are attending a business party or family event where gift trading is expected, don’t be afraid to ask about recommended spending amounts. If there are no amounts suggested, a $20-$30 range is typically acceptable, but only if you can afford it.
• Consider Christmases past. If your intended recipient has purchased a gift for you in the past, consider how much they most likely spent. This should give you a good idea of the amount they feel is acceptable.
• It’s not a crime to save. Even after you have decided on the amount you wish to spend, don’t forget to check sale items and the clearance rack. Many times, you can find similar gifts for up to 50% less if you just spend a little time investigating.
• Don’t go overboard. Christmas isn’t about impressing other people by flashing your cash. In some instances, more expensive gifts can even be offensive to those who are less fortunate.

Do you have spending guidelines when it comes to purchasing Christmas gifts? If so, we would love to hear about them!

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