You tell them before hand that things are winding down. Ironically, the people with jobs might need more $ than those still at home. Checks should be the same amount for all kids, maybe do stockings and a small gift under the tree, or give them the choice between check or gifts. You should also say you are not expecting any gifts either. |
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I feel like when they're working adults is when most parents actual increase the giving. As part of their retirement strategy, many give 19k a year. It surprised me because most of my friends' families are not wealthy and just had regular jobs.
It seems kind of grinchy to not give your kids anything. |
Millennials too. My aunts were very snark about a lady they knew whose son ended up a teen dad. But that lady LOVES the grandchild who she is practically raising and my aunts ended up with no grandkids despite having two kids each. |
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Only because we’re both retiring this year, I went from spending $350 a person to $250. Four adult working children, three w spouses.
Our grandson (6 months old) has enough toys and clothes and we decided early on he gets $250 in his savings account for Christmas and his birthday. Maybe a small toy, in addition to the money, when he realizes he should get gifts. All told I spend 3k. We just met w our financial planner and I concluded I’d rather spend money on them now because they’ll all get a healthy inheritance as well. No need to cut back too much. It’s fun! |
| Op I have been mulling this over as well. I decided nothing will change until my youngest (19) is out of college. That’s when we will reassess. We spend about $400 on each of them. Sometimes I think it’s too much for their ages, but I liked seeing how excited they were when they opened their gifts. They are also really good about buying thoughtful gifts for people, so that does make a difference. |
Are you my dad? If so yes thanks we appreciate this! And the money but I hope you know you don't have to… |
| I give my adult kids and their spouses money, and give gifts and money to my grandchildren. Nothing extravagant. |
| For me it is just a natural transition. No need for a big conversation. I got my college age kids some stuff he needs (new shoes, another sweater, an electric tooth brush); some small gift certificates (for food on campus, for a show in the city where he is); and a few funny things for his stocking. We have a tradition of making presents in our family (poems, games, songs, treasure maps) so we have not stopped that. Those are always the presents I remember! He used to only make me something; now he also buys little things. |
| How do you do this fairly when there’s an age gap? I have kids 18, 21 and 23. I want to scale back but feel like my 23 year old has had 23 generous holidays and my 18 year old far fewer. I’m thinking of just announcing to my kids that we stop big gifts at 25. As it is, we’ve been trying to cut back on the budget the last few years. I’m thinking anyone 25 and older would still get a gift but maybe $100 check? |
I agree that was screwed up. But I will also say it's not really fair that as the youngest of three, it kinda sucked that my mom stopped doing much for Christmas gift wise around the time I was fourteen and my siblings were in college. They still got to do Christmas all thru high school and I did not. Whatever, I survived, but it kinda sucked. |
NP- Jeesus, talk about bean counting. The kids are getting a lot and should be grateful - good job PP! |