Contributions

You have no posts

We reward new content.

START POST

Whoo Knew

No replies

Share your opinion on topics.

CONVERSATIONS

Contests

No entries

Win gift cards and more.

Your Profile

FOLLOWERS

0

Users

POINTS EARNED

0

REDEEM

Career & Finance Fridays

Money & Finances

How much should you spend on a child's birthday gift

What’s the right amount to spend on a birthday gift for your children’s friends? Well, like so many other things in life, there’s no right answer.

I remember when I was young, that the standard dollar amount to spend on a birthday gift for a friend’s birthday was around the $10-$15 mark. I have a distinct memory of giving the Brittany Spears “Baby One More Time” album to a friend. It had just been released and it was on the wish list of every teenage girl.

If memory serves me correctly it was about $15.99 plus tax. It was on the upper end of what we usually spent on birthday gifts as a middle class family.

But that was over 20 years ago… so what is the current “standard” for what you should be spending on birthday gifts going forward into 2023?

My kids are just starting to be at the age where we are being invited to birthday parties, so this is a question I have been trying to answer for the last few months.

From other parents that I have asked, it seems that the current standard is $20-$25 for a friend’s birthday gift.

The frugal side of me cringes when I hear that…but the other part of me thinks that it’s difficult to buy a nice gift that will actually get used for that amount of money.

Either way, I think it is important to set yourself an amount of money that you are willing to spend on birthday gifts. Otherwise it can get out of hand very quickly. 
 

Recommended Book

The Art of Gift Giving

Dec 01, 2006
ISBN: 9781430304173

Interesting Fact #1

In the UK, the average household spends around £500 on gifts during the traditional holiday season, equalling Americans who spend about $650.

SOURCE

Interesting Fact #2

Research has actually shown that spending more does not always guarantee a well-received gift. One study found that the more expensive a gift, the more givers expected recipients to appreciate it.

SOURCE

Interesting Fact #3

One study showed that we tend to focus on a recipient’s unique traits and personality as we shop for them. But this hyper-specificity leads us to ignore other aspects of their wants and needs, which may make us buy them an inferior gift.

SOURCE

Quote of the day

"If you have something in common with somebody, get something that shares the same affinity" – Elizabeth Dunn

Article of the day - 8 Benefits of Giving Gifts: Why You Should Gift ‘Just Because’

When it comes to gift-giving, most people think about the holiday season, birthdays, graduations — you get the picture. It’s mostly expected to give a gift for major events or holidays, but what if I told you that there are plenty of benefits of giving that you’ll want to give all the time?

There are many reasons to give gifts, as it builds stronger connections, lifts your spirits, and improves your overall mental and physical health. So what’s stopping you from waiting until a special occasion to give a thoughtful gift to someone you care about? Sometimes the most meaningful gifts are the ones that are given just because. 

When investing in thoughtful gifts for others, you’re not only benefiting them with an awesome gift but benefiting yourself and if you shopped small, the community in which you live. Check out these eight benefits of giving so that you can take advantage of all the great reasons to give no matter what time of the year it is.

1. Creates Stronger Connections

gifting creates stronger connections

Gift-giving is one of the five love languages for a reason. You tend to feel closer to someone when you give them a gift while they feel more linked to you as well. This is because a thoughtful gift can lessen the distance between faraway friends or strengthen bonds for those who are near to you. 

Connecting with people through gift-giving boosts your relationship and builds trust between one another, so when you want to enjoy the emotional benefits of a strong friendship, give them a thoughtful gift.

2. Makes You Feel Happier

One of the best feelings in the world is watching someone’s face light up with pure joy or excitement when they receive a gift you gave. Turns out, giving gifts releases “feel-good” chemicals in the brain like endorphins, serotonin, and dopamine. No wonder everyone feels good around the holidays!

This is known as the “helpers high” which is common in those who volunteer or give to charity often. So next time you want a mood-booster, try giving to someone, whether it be a gift, a favor, or a random act of kindness.

3. Builds Confidence

gifting builds confidence

When you create stronger connections and become happier, you have a boost of confidence and sense of self-worth. Research has shown that those who often choose to give on their own accord have greater self-esteem than those who don’t. When you give to others, it’s hard to ignore that there’s definitely some benefits of giving when you feel happy and secure with confidence.

4. Reduces Anxiety

When you give, you become happier which in turn makes you feel less stressed and anxious. This is because there is a strong and undeniable connection between physical and mental well-being. Research proves that giving lowers stress and blood pressure. So when you give, you are happier, more confident, and way less anxious.

5. Evokes Gratitude

gifting evokes gratitude

It’s no secret that those who receive a gift feel a sense of gratitude, but did you know the giver can feel it as well? Not only is giving a gift a common way to express gratitude but watching the receiver’s positive reaction evokes that same appreciation. Studies have shown that expressing gratitude boosts positive emotions, improves health, and contributes to overall greater happiness. 

6. Promotes Good Karma

Justin Timberlake wasn’t wrong when he said, “What goes around comes all the way back around.” Whether you believe in karma or not, when you give you are more likely to receive. Studies show that when you give to others, your generosity is likely to be rewarded by others down the line, whether it be the person you gave to or someone else. 

When you offer a selfless act like giving a gift without the expectation of something in return, you are promoting good karma (or whatever you want to call it) for yourself. The universe is mysterious like that sometimes.

7. Could Extend Your Life

gifting could extend your life

Yeah, you read that right, giving could actually make you live longer. That’s because stress levels and high blood pressure are associated with a variety of health problems. Since giving has been linked to lower stress levels and blood pressure, people who give, whether it be gifts or acts of service, are expected to live longer.

study done by The University of Michigan found that those who gave to loved ones like spouses, friends, or neighbors were independently linked to a lower chance of dying. If that’s not a good enough reason to give, I don’t know what is.

8. Spreads the Love

When one person gives, it inspires another to do the same. Even though giving your best friend gifts like a new T-shirt or hat is super cool, try giving to a stranger, a neighbor, or someone you haven’t talked to in a long time so you can spark inspiration that can cause them to want to do the same for others. Some great ideas include:

  • Buying coffee for the person behind you in line
  • Surprising a neighbor with freshly baked goods
  • Leaving unused coupons next to matching products in the store
  • Donating clothes to a local shelter
  • Paying a toll for the person behind you
  • Bringing in a tray of goodies for your coworkers to enjoy
  • Sending flowers or treats to healthcare workers
  • Doing the ‘tip the bill’ challenge next time you eat out

When you do an act of kindness, leave one of these cards to help spread the love and encourage others to give down the line — just because.

How To Give the Perfect Gift

Gifts allow people to express their feelings, show their appreciation for someone or just spread the act of kindness around the community. If you are trying to find the perfect gift for someone, check out these tips to get something that they’ll love and cherish for years to come.

Give a Personal Touch

Adding a personal touch to a gift is one of the best ways to make your friends or family light up with excitement. And we’re not just talking about customizing their name to a keychain. Whether it be a new notebook for their goal to start journaling or a heap of accessories of their favorite fandom, pay attention to what they enjoy, value, or need in their life.

You can even make it personal in a different way — personalized from you rather than for them. Paint them a picture, cook their favorite dinner, knit a scarf — you get the idea. 

Make it Useful

Receiving a gift you know you’ll never use is a drag. So don’t be that person that gives a gift that has no use. We get it though, it can be hard to know what type of useful gift to get for someone, especially if you don’t know them well, or they tend to have unswerving practical tastes. 

Think about things that are used regularly. Phone accessories like super chargers or trendy phone cases, bathroom essentials and toiletries, face masks, or food and drinks are all great go-tos that won’t fail.

Add Sentimental Value

Nine times out of ten, the most cherished gifts are the ones that have some type of sentimental value. Maybe it’s a scrapbook full of memories or a painting of a pet that passed away the year prior. Whatever it might be, if it touches their heart, they’ll be able to cherish it for years to come.

Don’t Blow the Budget

Don’t get us wrong, a lavish gift can be great, but it all depends on the occasion. If you are gifting just because, a simple yet thoughtful gift is the way to go. You don’t want to overwhelm someone with an overly-generous gift, right? Sometimes the most appreciated gifts are the simple and least expected ones. 

Some great ideas could be a handwritten postcard from your vacation or a bundle of fun stickers that they can decorate their laptop case or hydro flask with. The possibilities are endless.

Now that you know all of the great benefits of giving, we hope that you’ll take advantage of the free serotonin and spread kindness to your friends, family and community. Don’t forget to check out Redbubble’s extensive list of products designed and sold by artists so that you can find something that anyone in your life would enjoy.

Question of the day - What amount do you think is appropriate to spend on birthday gifts for your children's friends?

Money & Finances

What amount do you think is appropriate to spend on birthday gifts for your children's friends?