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Reasonable spending on child's present(s)
I'm old school , and come from a big family , I never had a huge amount spent on me for presents by my parents (have 4 siblings). So did my wife and her parents were not very well off.
I think it is unwize to spoil the kids too much by being over the top on the cost of presents for them at Xmas and birthdays.
We never buy on credit for Xmas or birthdays, and have never spent more than $300 on our son at these times.
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