This weeks thought - Christmas shopping. Specifically, budget vs. no budget and value vs. price paid.
Last year was the first year I actually had a spending budget for the boys. I tracked everything I spent on them and stopped at a certain point - I can't remember how much it was, but not a whole lot. Our boys are blessed with so many gifts that there is no need to spend lots and shower them with toys that end up getting shoved in the closet.
Part two is what I'm really interested in knowing what your take is. Let's say your budget is $50 on your family gift exchange. Do you spend $50 on that person, or do you buy a gift or two that is valued at $50? For example, you find a sweater that is regularly priced at $50. It just happens to be on sale for $35. Do you spend another $15 or do you consider your $50 budget is met because that's how much the value of the item is?
I tend to lean towards the value versus actual amount spent but have to admit I'm not consistent in my approach.
Talk amongst yourselves and post a comment to share.
Oh - don't forget to leave a question in my 11/11 post for your chance to win a fabulous prize. As of 6:03 on Thursday, your odds of winning are pretty good!