Monday, December 12, 2011
I was listening to the radio the other day, and they mentioned that the average American spends $700 per family member at Christmas. I was shocked because I spend less than $100 per family member, some times even closer to $20 -- the most extravagant was getting my husband a laptop (which I'm currently using -- hee hee) several years ago.
In conversation today, I met a lady who must be the average American. She mentioned that her father was giving her $350 to spend on each child. In addition to that, she was spending $250 on each child, and her partner was spending $200 on each child. As graciously as possible, I asked if she had considered setting some of that money aside for college since a 4-year-old really doesn't need $800 worth of toys, but she somehow dismissed that idea. I'm still somewhat in shock, and honestly saddened that Christmas has been cheapened to spending dollars, some of which could be put to better use like paying down debts or saving for the future. What good will all the extravagant toys do when the family has no emergency fund? Anyway, this lady is still happily doing her shopping. And I'm happily done with my shopping!
How about you? Are you still shopping? Honestly, what kind of budget do you have for presents?
By the way, if you're still shopping, I have a quick giveaway for $50 from BluePay, which provides non-profit credit card processing.
Photo Credit: Image: Ambro / FreeDigitalPhotos.net