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The Christmas Present Pool
Approximate $ Savings: Up to $1,000.00
I belong to a large family and for many years many of us were broke at Christmas buying presents for each other. About 10 years ago, we decided to change the system between us for Christmas, instead of buying each other a gift we agreed to put that money towards buying them a good birthday present. Each of us would then contribute $50.00 in a pool and Christmas presents would be bought only for children (18 or younger) and grandparents, since they were the groups that really enjoyed Christmas. Given we had 5 children in our pool of kids to buy for and 2 grandparents, we ended up having about $100-$150.00 to spend on each, so they received a good present, and when each child went out of the pool, the money went up to $200-$250.00 per child. This meant that each child received a really good present from everyone (instead of a lot of cheap rubbish), and each adult in the scheme received a good birthday present at the relevant time. A win-win for everyone, since Christmas presents cost no person more than $50.00 per year for everyone.
Contributed by Debra
I belong to a large family and for many years many of us were broke at Christmas buying presents for each other. About 10 years ago, we decided to change the system between us for Christmas, instead of buying each other a gift we agreed to put that money towards buying them a good birthday present. Each of us would then contribute $50.00 in a pool and Christmas presents would be bought only for children (18 or younger) and grandparents, since they were the groups that really enjoyed Christmas. Given we had 5 children in our pool of kids to buy for and 2 grandparents, we ended up having about $100-$150.00 to spend on each, so they received a good present, and when each child went out of the pool, the money went up to $200-$250.00 per child. This meant that each child received a really good present from everyone (instead of a lot of cheap rubbish), and each adult in the scheme received a good birthday present at the relevant time. A win-win for everyone, since Christmas presents cost no person more than $50.00 per year for everyone.
Contributed by Debra