Average Amount Spent on Christmas Gifts Per Child

For families, it is a time of happiness, cheer and gift giving. A typical question is what do parents usually spend on Christmas gifts from a child? Of course the answer can differ significantly depending on a variety of factors, but providing an understanding of average spending can help families plan their budgets and make more informed decisions.

Factors Influencing Spending

Income Level

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.

Number of Children

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.

Cultural and Regional Differences

How people over certain lands prefer to spend? Depending on the environment, you may see gifts that are more extravagant in some cultures and more humble or home made in other cultures. The cost of living in the region may also have some impact on how much families do spend.

Personal Values and Traditions

This will be the second year Christmas was far from ideal for us but some families just do not have this option, or choose to put these types of gifts above experiences. There are those who may simply have fewer presents under the tree or only give a couple gifts instead of more than 10! The way people spend often reflects their own personal values and family traditions.

Average Spending Statistics

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.

Budgeting Tips for Parents

Set a Realistic Budget

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.

Prioritize Quality Over Quantity

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.

Take Advantage of Sales

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.

Encourage Family Contributions

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.

Emphasize Non-Material Gifts

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

The bottom line on how much one should spend per child will always vary depending upon income, family size, personal conviction, and many other factors. Of course, national averages can only provide a rule of thumb after all, your family’s circumstances are unique. Children can have a memory-rich, fun-filled holiday without spending big with these tools to set budget and ensure it is meaningful & on sale. In the end, it is that magical spirit of the season that prospers through giving and sharing time with family and friends…not actual money spent on gifts.