Post # 1
how much do you budget- or do you not budget at all for the holidays. who all do you buy for and do certain people get more money spent on them. do you do number of gifts or the total amount of money spent. i am already starting to freak out, while DH could careless.
Post # 3
@mrshersch74: I totally probably should budget but I don’t :/ lol I just buy kind of like a freakin shopaholic!! lol
Post # 4
For our kids we do the same number of presents and tyr to kepe the price close to equal. My oldest is 10 and the youngest is 4 so usually the oldest dos get a little more value wise.
The rest of our presents are done as a gift, not a money amount. Although the price is always watched. We usualy get a gift for each set of parents (both of our parents are divorced so we give a gift per each couple), a gift for our siblings/couple gift if they are in a relationship, a family gift for each set of DH’s aunt’s families (ex. last year we did a family game, bottle of wine, and homemade snacks), and then a gift for our grandparents. On my side we draw names so each kid needs to give a gift and this year the adults are doing a homemade gift exchange.
The biggest thing I blow my budget on are stockings, they add up really fast:/
Post # 5
It changes yearly based off our financial situation. Last year, we only exchanged with the parents. This year, it will probably be the same since we’re moving and it will cost us a lot. We do spend a lot on the parents, though. My parents have been letting us live with them rent free, though that will change in Dec, but we always feel like we have to “make up” for it and we buy them one big ticket item (last year, it was a 3D 72″ TV for like $650). His parents always welcome us into their home and don’t ever let us pay for anything, whether we order in, they cook for us or we go out to eat. Last year, we bought them a bunch of things they needed for the house for a total of about $250, but we also tend to buy them little things throughout the year, as well. It’s just a different dynamic. We don’t ever set a budget – we see what the parents want/need and decide if we can afford it.
I must say that not exchanging with anyone other than the parents saves us a ton of money. I don’t exchange with friends (instead, I plan a “holiday party” and we all go out for dinner together to celebrate). I don’t exchange with the siblings (or we do really small things – nothing over like $15-25 and a card, usually). It’s just really a waste of money. I always value being together and spending time and I use it as an excuse – we won’t be exchanging gifts, so we have to get together and celebrate instead.
Post # 6
We normally spend about $50-75 per person. We aren’t big on gifts! It still comes out to a lot of money spent though.
Post # 7
I rarely budget – but I try to spend about the same for each comparable person – meaning, I’ll get the newphew/nieces gifts in about the same amount. Same goes for couples within the family, etc.
The kids we buy for usually get presents in the $20-50 range. Parents get around $1-200/each. Couples we buy for usually get around $50. (not cash, just presents). We try to keep it as low as we possibly can – and I’m always looking for creative ways to save!
I don’t really total it up but I think we usually end up spending around 2K – this year, I’m starting early vs. it all being spent in one month. I think that will help it be less painful on my wallet and help me plan better and stick within desired spending limits.
Post # 8
FI and I spend a comfortable amount that isn’t really set, but a mutual understanding. We only buy each other gifts really.
Post # 9
Love this thread! Love Christmas/the holidays!
I joined Mint this year and decided on a budget, based on what I spent last year…except that I’m not completely sure what I spent last year…LOL! I save 1/12 of that budget into a separate account every month so when the holidays roll around my monthly budget will not be affected.
I usually spend around $25-$30 per person on my parents, sis, bro in law, neice, nephew, and my cousin. I also get gifts for my bosses and we have done a Secret Santa at work for the last couple of years. We also do some version of “picking names” at extended family get togethers, and I make homemade candies and cookies as additional gifts for anyone else I’d like to gift for.
I spent around $100-$150 on SO last Christmas, but am looking at a very special gift that he’s been thinking about for months (maybe even years!) that I know he will get a lot of use out of…but that will be 2-3x the usual budget!
Even though I try to keep the budget low (we all have what we need and buy what we want for ourselves pretty much in my family anyway) I LOVE gift giving and love the hunt for the perfect gift for each person.
Post # 10
DH and I are spending $200 each on each other (and buying 3-4 gifts with this amount).
We also by for the following people: my mom, dad, sister, sister’s FI, brother, grandma and grandpa, his mom, dad, sister, and grandpa. In addition, my dad’s side of the family draws names for an exchange and we have one of my aunts and one of my cousins this year for that. We spend $60-$75 a person on those gifts.
Post # 11
We don’t really do a budget for this. Usually what we do is just make a list of the people and find things for them. I also have a gift shelf on the closet, and when we see something that would be perfect for someone, we just get it then (assuming we have money for it). Like there was a huge sale at the camping store this summer, and I saw something and said to Mr. E “That would be perfect for your dad!” so we got it at like 75% off and stuck it in the closet. 🙂
It takes a lot of the stress out of the whole holiday thing because usually I can just go open the closet and we’re half done already. Of course, I knit a lot, so I start thinking about the winter holidays early. Like August. ;D
The closet is good for birthdays too, because Mr. E is ridiculously bad about telling me in advance. Like it could happen that on a Saturday, after a relaxed brunch, I say, “What do you want to do this afternoon?” and he tells me there’s a birthday party at one. *headdesk* Then I’m like, “AAARGH ) !$”¤&/%#(!!!!!” and he’s all “Oops, I thought I told you. :/” (But not anymore! 😀 )
Post # 12
I make most of the gifts, and we will spend about $300 on about 20 people.
Post # 13
FH and I usually don’t exchange gifts ourselves until way after christmas.
We probably spend about $50-100 per person, for about 14 people.