According to the National Retail Federation, Americans spend an average of $175 on Valentine’s Day, $179 on Easter, $220 on Mother’s Day, $172 on Father’s Day, and $648 on Winter Holiday gifts.
So, cutting down on gift costs is a great place to start if you want to divert money from your current budget toward paying off debt, saving for retirement, college, or a vacation.
If you’re looking for family gift ideas that keep on giving, there are now a wide variety of monthly subscriptions besides a ‘fruit of the month’ club.