Average Amount Spent on Christmas Gifts Per Child

For families, it’s a?season of joy, good spirits and gift exchanging. A regular question I get is: How much do parents spend on?Christmas presents per child? Well, the answer can vary greatly for a variety of different reasons, but here are some average spending figures to consider which can?help families budget and make decisions.

Key Elements That Affect Family Expenditure

Household Earnings and Financial Capacity

Education level of the parents influences how much a recipient spends on gifts influential factor in signer gift spending family income Wealthier families can hand over more for gifts, while the strapped can provide less. Remember, thoughtful does not have to equate with pricey.

Family Size and Dependents

Families with greater numbers of children are more budget conscious. This $18 is not for a single child so how many children the total spending goes to can affect that number.

Social, Cultural, and Geographic Variations

Who likes to spend over certain?territories? Gifts you see wherever in the world are going to vary, depending on culture, obviously – so you might?see some more lavish gifts in some cultures to be replaced by modest or even home made ones in others. The cost of living in the area might also play a role in how much families?do spend.

Individual Beliefs and Family Customs

This is the second Christmas in a row it has not been ideal?for us but some families simply don’t have this choice, or choose to rank these kinds of gifts as more important than experiences. It’s not that the presents are embarrassing, OCC can only prevent some underprivileged children from feeling left out. It will be less present under their tree or?giving only a couple of gifts instead of more than 10! All of these topics, too, are areas where how people spend money can reflect?their own personal values and family traditions.

Typical Family Spending Trends and Data

Given these different factors it is hard to nail down an exact average, but you can get insight that follows:

• Of Most the United States: Surveys have shown in recent years that the average American family spends between $200 and $300 per child on Christmas gifts. It is normal to see this number range based on the economy and individual circumstances.
• Studies in Retail: Various retail studies that are carried out to analyze consumer behavior. This spending could appear at a rate somewhere along the range, for some families much higher or lower than average.
• Online Shopping Trends: Online shopping is another big part of the holiday season this year, as more and more families are finding ways to create their own deals online.

Smart Money Management Advice for Families

Create a Practical Family Financial Plan

Decide on what amount you can afford to pay back without putting too much of a strain on your finances. Remember to add a festive meal or two, holiday decorations, gift wrap and all those other little things you might forget when adding up how much to spend.

Focus on Value Rather Than Volume

Spend time thinking about what your child likes, and buy them gifts you believe are worth receiving. There are times when a few, purposely selected gifts will mean much more to them than anything else.

Make the Most of Discounts and Special Offers

If you think outside the box though, this will save you money munch quicker by shopping Black Friday and Cyber Monday deals. Prepare yourself early, and try to find the best possible deal.

Involve Family Members in Financial Planning

Gift Bigger Together: Combine resources with aunts, uncles or grandparents for bigger gifts. This collective method enables you to make more considerable purchases without spending a lot.

Highlight Meaningful, Experience-Based Giving

Give experiences, like tickets to a show or family day out. The types of things that can be interesting or enjoyable to you at the moment, but do not contribute valuable memories.

Conclusion

Ultimately, regardless of income, family size, personal conviction and much else, the bottom line on how much you should spend?per child is always different. Whatever the case, national averages can only offer?a rough guide after all, your family situation is unique. Children can create a?memorable holiday that is financially savvy with these budgeting and meaning- & sale-building tools. In the end, that “magical”?spirit of the season survives and thrives through giving and through sharing time with family and friends…not money spent on gifts.