As the holiday shopping season goes into full swing, some people are maxing out their credit cards to pay for presents and others are setting budgets and sticking with them. And still others have to even reconsider what's possible after losing everything to Hurricane Sandy.
Scour just about any Facebook stream or stop in a local coffee shop and you may hear parents debating the merits of setting spending limits. Or, you'll hear them lamenting about just how much they've already spent.
The ideas for a perfect limit do seem to vary rather greatly. Some parents say Jesus got three presents, and three presents should be enough for their kids. Others tend to lean toward much more generous spending limits -- after all, the latest electronics demand it. For many Americans, there’s nothing like seeing a child’s eyes light up as they take in a mountain of presents under the tree.
So how about you? Do you set spending limits on the presents you buy for your kids? How much is too much? How much is too little? And how will 2012 be different?
Let your voice be heard in the comments below.