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The 5 Gift Rule of Christmas

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The 5 Gift Rule of Christmas

Christmas is around the corner once again and it’s time to fulfil the promises you’ve made to your kids in the beginning of the year. One of the toughest struggles as a parent is giving your child a joy-filled Christmas, Getting that perfect gift can be a struggle with the rock bottoming fall of the Naira, rise in the price of goods.

It can be a struggle not falling victim to bankruptcy during the festive season. It’s also easy to lose sight of your budget when going out shopping for kids.

As with most financial things in life, budget is key. I like to use the 5 gift rule as a guide to shopping during Christmas for family members and this can be applied when shopping for kids. It will help save money especially if you’re on a budget.

The 5 gift rule has been around the internet for a while and there are a few variations of it, the idea is that you need to buy your children no more than five gifts for Christmas.


1. Something they want
2. Something they need
3. Something to wear
4. Something to read
5. Something to do



Something they want

Depends on the age of your child, can be a play kitchen, a nice set of toys, a new bike, etc. this is something your child has asked you to buy all year long. It’s also called the big present.

Something they need

This can be putting money into their investment account, or saving money towards college or university, First Bank of Nigeria offers ( KidsFirst ) while Stanbic IBTC Bank offers investment schemes like CHESS (Children Educational Savings Scheme) this allows you to save money towards your child’s future.  It could also be new car seat, kid’s bed, laptop or tablet or a musical instrument they’ve been practising in school.

Something to wear

This can be a dress up clothes, or your child’s favourite superhero costume, a nice sneakers. This could also be a native attire.

Something to read

This could be a fun inspirational book, a new comic series, a magazine subscription or something that has to do with their career aspirations if you have an older child.

Something to do

You could take your child to the museum or book a cheap flight from Lagos to Abuja through Travelstart to visit the millennium park, you can take them to the beach, it all depends on your budget.

Find one of these strategies and make it work for you or blend them all together for a personalized solution. The point is to give your child a memorable Christmas holiday without going overboard in spending, make your Christmas simpler by following the 5 gift rule.

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