Gifts For Children—How much is Too Much?

As much as we love to spend our hard-earned money on our children and grandchildren, giving “too much” can have a detrimental effect on their well-being.

It’s been found that when children are repeatedly given too many gifts, they can develop a case of entitlement, become unappreciative of what they have, and begin to equate “love” with “stuff.” For young children, too many gifts can be overwhelming and overstimulating.

Before beginning your gift-shopping, make a plan. Decide on the number of gifts for each child—and a dollar amount you are comfortable spending.

Rather than buying a doll or game or some other toy, consider giving the child a day of fun. Visit an aquarium, zoo, or museum together. You’ll make memories that last a lifetime.

Consider giving ballet, horseback, or art lessons. This gift will last all year—in fact, the lessons learned may lead to a marketable skill.