How much do you spend / budget on gifts/presents for others (e.g. family, loved ones, friends) a year? Do you budget for it or is this usually spontaneous? Thanks!

Congratulations... you must truly possess a heart of gold. Wish everyone was like you, surely there will be far less trouble in the world :)

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Here is a practical budget or spending plan you can apply in order to keep your personal expenses in check:

https://fyi.extension.wisc.edu/moneymatters/bud...

I think the important thing is regardless of whether it's budgeted or spontaneous, we have to have an amount of 'gifting' allocation set aside. Usually I will segregate the usual planned gifting - birthdays, anniversary as one portion, and another small sum for spontaneous gifting - colleague's farewell, small treats, random gifting as another portion. Monthly I'll contribute a fixed amount to both portions. If it's used up that month then so be it, else it will roll over to next month. And the flexibility is that if u need that amount saved for gifting for another purpose, you can move the extras to that purpose.

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