That’s not true. You don’t have to be cheap in order to maintain what you describe as your affluence. That old excuse has been around forever. If I was a young mother with a very low income and my child wanted a dream house I would look on Facebook, I would check every local used store including Savers until I found an affordable one. If I was in my 30s with a high income and my child wanted a dream house I would order from a store. It’s all depends on what you can afford. |
I think you misspelled miserly |
I’d never spend that on a toy. Crazy. |
You’re spending it on your kid to give them something they want and make them happy. |
You can get a Nike bag for $30 at the discount stores or online. |
My kid would know better to even ask. They understood the value of money from an early age. Parents should be teaching kids that. No toy is worth $200. |
And this is why many people don’t have as much savings as they could. I’m wealthy but for a toy (versus an item when kids are older and would be used onward - phone, ipad, memorabilia, etc), & I would not spend $200. Instead, I would look for used or a cheaper dupe and if not an option, then I’d suggest the kid use grandparents’, aunts’, etc xmas gift money and I would kick in a certain amt and the rest comes from kid’s savings. |
OP here: as I mentioned, I went with Toys for Tots and got lots of items which I will drop off today. |
The LOL dolls were very popular about five years ago. They still are but not sure how much. My first grader loved them. We probably spent between $1,000 - $1,500 on the dolls, the clothes, the extras, and LOL dollhouse was $250 back then when they first came on the market. My daughter spent hours with those dolls for three years. Using her imagination and improving her dexterity ,manipulating those tiny accessories. They had value and were worth it. You’re wrong. There are toys worth $200. We have generational wealth so we have the children’s college money plus already set. If we didn’t I would have been more careful with buying. You buy what you can afford and you can afford to buy that child’s toy. |
This. We’re saving 75% of our post tax income a month and on track to be UHNW. I’m not going to sweat giving my kid a toy. |
No, I'm not wrong, we have different values and finances. If you are that wealthy, it may be worth it to you but not a chance I'm doing it. I do spend a lot on something else but its a hobby and they use it far more than 3 years. Appropiate ask is clothing, shoes, bedding, books and reasonably priced toys. Its ok to ask for a stretch item too but not as the primary. Wants, needs, then wishes. |
Yea you! Is not the value we'd want to send to our kids even if we could afford it. |
I'd never ask a family member for an expensive gift. If we wouldn't buy it we wouldn't ask someone else. And, I wouldn't allow my kids to use their money either, which we put into savings/college. For iPads, etc. they get they handydown in less there is a good reason (computer in MS, chromebook in HS) and they only got new phones as it was cheaper than replacing the battery and they weren't fancy ones. |
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when i have participated in programs like this, there is typically guidance from the nonprofit about how much to spend per recipient. this year, the org suggested spending $85 per. last year, it was $150.
i don't think the our generation ice cream truck is obviously extravagant--i know several kids in my neighborhood who have it. it surprises me that it costs that much. |
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I've never spent $200 for the holidays - that's about double what I've spent, if not more than double.
Of course a store like WalMart will encourage making a holiday all about buying stuff, because they're in the business of selling stuff. But to me, the holidays are about family and being cozy, spending time together, etc. We spend very little on gifts. So I don't want to spend hundreds on kids I don't know. |