That’s a very good point, given the Holiday Season is pretty much upon us, just because you have the ability to buy your children whatever their heart desires, should you?
The easy answer is of course NO, just because your daughter wants a pony, or your son wants an F-4 phantom jet, doesn’t mean you should buy it for them. If your wife must have a new mink coat, perhaps just buy her two minks and tell her it can be her own little DIY project?
Turning Christmas/Chanukah/Kwanza/Holiday Season into a competition to see who can give the best and most expensive gift, is a recipe for a Holiday Hangover that is worse than the one I plan on having for January 1st (i.e. really bad). Yes, everyone loves getting presents, but spending yourself into a huge debt load for a bunch of stuff that your kids may never remember is not the way to go. What does it teach your kids? Out of control spending is OK, and their parents are walking banks that can afford whatever their heart desires?
After watching football games on the weekend I came up with a better question, who the heck buys someone a CAR for Christmas? Seems like the thing to do, the only cars I got for Christmas were Hot Wheels. Anybody else buy someone a car for Christmas (or better still received one?). I did get a car from my wife one year, it was a Radio Controlled Formula 1 car (a Williams Nortel Car actually (how ironic)).
It is the season of giving, but not the season of GIVING UNTIL IT HURTS!