Herein, how much should I spend on each child for Christmas?
Recommendations that I've seen for middle-income families on a budget would be something like $50 for kids 0 to 3, $75 for kids from 4 to 10, $100 for 10 to 15 and over $100 for 16 and up. Those are good numbers, but it's so hard to put any solid numbers on that because everyone has a different situation.
Furthermore, what is the five gift rule for Christmas? Don't know about the 5 Gift Rule? Here's the gist of it… Instead of spending tons of money on a bunch of different presents, limit it to just 5 simple things: 1 gift they want, 1 gift they need, 1 gift they read, and 1 gift they don't know they want, but you do!
Furthermore, how much should I give my kids friends for Christmas?
For good friends, experts say $15 to $25 is an appropriate amount, but reduce the amount spent if you plan to give gifts to more than two or three friends. For hosts and teachers, spend in the $15-$25 range.
How many gifts do you get per child?
Some people say that three gifts are sufficient since that's all the baby Jesus got. Others go by a “rule of four” or seven or 10.
