Avoid going overboard and over budget on kids’ holiday gifts
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By AMANDA BARROSO of NerdWallet
It’s easy to go overboard on gifts for your kids for the holidays, but the result could be a drained bank account and an overstuffed toy bin come January. Money and child development experts point out that setting a holiday spending budget keeps your finances in check and could help avoid an overwhelmed child. Start by taking a toy inventory and assessing what you’ve already bought. Consider investing in experiences rather than things. You could also use a gifting strategy that works year after year, such as: something they want, something they need, something to wear and something to read.