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planning for christmas presents

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So, this is a good time to start thinking about buying Christmas gifts for your nearest and dearest. As the purveyor of stories about personal finance, you might think that I had no time for giving away my wealth in the form of expensive Christmas presents. You’d be half right. I set a great deal on getting the right gifts and I have a reasonably large set of siblings to buy for. I don’t spend a lot of money though.

One of the most important things that I learned growing up is that it is important to be fair. To allow me to be fair with Christmas gifts, I give each person in my family gifts of approximately the same monetary amount. I have a total budget for Christmas, and more or less divide it equally between this year’s recipients.

What are your plans for Christmas presents this year?

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8 comments for “planning for christmas presents”

  1. To spend as little as possible, yet communicate the love I have for my family members. The great thing is, my wife does all the shopping, I can just concentrate on getting her a gift. A good set-up in my opinion.

    Posted by rocketc | October 18, 2007, 1:39 pm
  2. My family are spread out all over North America so I don’t have any need to be fair (none of them will know what the others are getting), but as a general rule we keep it small, just one or two gifts per person. We mostly use the Amazon wish list approach: each of us maintains a wish list on Amazon.com and we buy gifts for each other off the wish lists. That way we’re sure everyone will receive things they actually want rather than another ten pairs of socks they don’t need. For me this approach adds cost savings because I’m the only one in Canada; everyone else in my family is in the US. By shopping through the US Amazon.com, I avoid having to pay shipping costs from Canada to the US as the gifts are shipped directly to the recipients (usually for free) in the US.

    Posted by brad | October 18, 2007, 1:40 pm
  3. I’m not sure what my plans are yet. By this time last year I had all of my gift purchases planned and the money set aside. I’ll probably just give gifts to my parents and brother and try to keep the total under $100.

    Posted by E.C. | October 18, 2007, 10:51 pm
  4. I’m actually thinking of opting out of Christmas this year. I’ll probably write about on my blog in the upcoming weeks.

    It’s been on my mind for a long time. I just haven’t taken action yet.

    Posted by Ryan Healy | October 19, 2007, 6:47 pm
  5. Opting out of Christmas would probably be considered a mortal sin amongst my siblings. I’ll follow this idea with interest.

    Posted by plonkee | October 19, 2007, 7:35 pm
  6. Here are some ideas for Christmas Presents I found on the internet, I think I could make a better list why not somebody truy on the comments page

    Posted by Jake | October 21, 2007, 11:09 am
  7. Hello webmaster…Man i love reading your blog, interesting posts ! it was a great Tuesday

    Posted by Jessica Stam | October 23, 2007, 6:27 am
  8. My plans for Christmas presents are to try to avoid the crowds as much as possible by shopping online and to get it all done before Christmas eve (unlikely).

    Can’t believe I heard the first Christmas song of the year on Oct 16th (advert for Argos).

    Posted by Rob Lewis | October 26, 2007, 7:44 pm

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