YOUTH POWER CHANGE
  • Home
  • About
  • Blog
  • Contributors
  • Contact
  • Donate

youth power change

How Much Money Should You Spend on Your Kids This Christmas?

12/9/2014

1 Comment

 
We have just one question for you this holiday season: Will you be heart-two-sizes-too-small Grinch or big-hearted, gift-giving, kid-loving Grinch?

Does that question make you feel a twinge of guilt? Perfect! You’re right on track. Maybe you’re already brainstorming ways to spend more, buy more, and do more. Someone out there’s probably dreaming up an Oprah’s Favorite Things—Smith Family Christmas 2014 Edition.

After all, you love your kids. Seeing them smile is one of life’s greatest joys. When given the choice between small-hearted Grinch and big-hearted Grinch, the big-hearted guy wins every time. That’s what makes you an awesome parent.

But here’s where we go wrong: we equate big hearts with big spending. Add in the pressures of advertising and social media, and we’re all tempted to overdo it at Christmas. So how much should you spend on your kids? While we’re not here to list a dollar amount, we can offer some ways to help you reign in the love.

Things to Consider:

Ask yourself the following questions to get some perspective on this year’s Christmas. 

1. What do our kids already have? (Think: toys, books, clothes and gadgets)

2. How many people will probably give them more? (Think: grandparents and other extended family)

3. What do they need? (Think: clothes, educational toys or books)

4. What do they want? (Ask: your kids)

5. What do our finances look like? (Think: debt, short-term and long-term money goals)

6. What’s our Christmas philosophy? (Think: balance)

Ideas to Get You Started:

With the above questions answered, select a plan to guide your spending.

1. Spend the same amount of money on each kid.

Determine your total Christmas gifts budget and divide it evenly among your kids. As you buy for each child, keep track of your totals. When you hit the limit on each kid, simply stop buying.

2. Gradually go up in amount by age.

Allot money based on age. You might spend more on your kids when they’re in their teenage years than you did when they were toddlers. As they cross the threshold from preschool to elementary school, increase their budget. Then, when your kids reach a predetermined point of adulthood—they turn 18, graduate college or get married—reduce their budget again.

3. Keep your spending low most years so you can go big some years.

Cut your Christmas spending to a modest amount. Then, every five years or so, surprise your kids with something big—a new gaming system, a trip for the family, or any other over-the-top purchase. Your kids’ expectations from year to year will be reasonable, and the big years will really stand out.

4. Follow this old gift-giving mantra:

Something they want, something they need, something to wear, something to read. Four gifts per kid—that’s it! You can spend as much or as little as you like on each gift, as long as it fits in your overall budget. This approach will force you to choose purchases more carefully, but that’s okay because you’ll have less to buy.

Sit down with your kids and let them know of any changes ahead this Christmas. This will help set their expectations. It will also be a good opportunity to remind them of the real reason we celebrate and to explain the positives to come from your new plan.

Maybe you’ll be finished shopping sooner in the season and can enjoy more time together as family. Or perhaps the money you save in December will take a big chunk out of your debt in January. Involve your kids in the discussion and be open to their feedback and ideas. We have a feeling that, come Christmas morning, all will be happy in Whoville.

Please note this article was taken from: http://www.stewardship.com/articles/how-much-money-should-you-spend-on-your-kids-this-christmas?utm_source=Faith+in+Homes&utm_campaign=8c63341295-fih_regularposts&utm_medium=email&utm_term=0_9ac464317c-8c63341295-314723329&mc_cid=8c63341295&mc_eid=cec5d05279#sthash.xGmuAouw.sodpgm2E.dpuf
1 Comment

#LightForLIMA

12/1/2014

6 Comments

 
Picture
We are the light of the world! 

On Sunday, December 7 we will gather with people of faith around the world to share that light and to pray for government leaders gathered in Lima, Peru for international climate change negotiations (COP20). 

Please join us at St. Peter’s Lutheran Church (400 Sparks St.) for the #LightForLIMA Ottawa vigil on Sunday, December 7 at 7pm (weather-permitting we will carry our light to Parliament Hill).

#LightForLIMA is an initiative of the global faith-based climate justice movement OurVoices. CPJ is honoured to be working with Faith and the Common Good as lead Canadian partners.
6 Comments

    Joel Crouse

    Archives

    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    December 2015
    November 2015
    October 2015
    September 2015
    June 2015
    May 2015
    February 2015
    January 2015
    December 2014
    June 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    July 2013
    June 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.