.If you have kids, or maybe even brothers and sisters, or any ‘group’ of people who you buy gifts for, (but most likely your kids) you know you are faced with the inevitable ‘she got more than I got’ or ‘why does he always get more/better/expensive-r gifts than I get’ – you know what I am talking about… Or even if you have nice children that would never actually say that – you know they’re thinking it. They are. Deal with it.

So here is a super quick and easier than you think hack to quickly and easily alleviate this issue, and the accompanying parental guilt: 

  1. Go to your bank. Now, this is based off the premise that you use a good bank. A bank that doesn’t charge you any monthly fees or have minimums or any silliness like that, that you should not be putting up with. If your bank does not have free checking accounts, switch your bank. Seriously. There is just no reason to be paying fees when there are so many banks that would love your business, and not charge you for it. (I included a list of banks that we like below.) 
  1. Open one free checking account for each child/person that you need to buy gifts for, i.e. Olivia’s Xmas Checking, Steve’s Gift Account, whatever you want. The point is to open one free checking account for each and then nickname the account accordingly (you can easily do this yourself online).
  1. Get a debit card and just the free starter checks that come with each account – no real need for any additional checks at this point.
  1. Decide on a budget for each person. $100, $300, $1000, whatever amount you want to budget to spend on each person and deposit that amount into the appropriate account. (No credit card debt!)
  1. Then happy shopping! Whether it’s online or at the Mall or at your favorite local stores, simply use the appropriate debit card when making those purchases for that individual. And as the big day approaches, and you want to see what you’ve spent, and how much you have left, simply login to your banking app and take a look at those account balances – you will have an instantly updated budget to keep you on track!