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According to the National Retail Federation, U.S. Consumers plan on spending an average $682.74 this holiday season.
Egads!
Edited to add that I have NO IDEA how they come up with this figure... lol
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We did same with our teenage DS's. They are getting 'needs' under the tree...clothes etc. Then they get a belated Christmas at tax time.
Our DD is 8 and she knows that the tree wont be as full as usual and she is okay with it because she likes having a SAHM for now anyways.