The holidays are a time for family and friends — and, of course, gift giving. The average American adult is set to spend an average of $1,175 this holiday season. Parents, unsurprisingly, will spend even more — $1,711 in total or an average of $495 per child, according to a recent survey by the Rubicon Project.
But some families will shirk holiday gift giving altogether. In fact, 14% of Americans say they don’t buy presents at all, a Pew Research Center report found. MagnifyMoney reached out to three parents to highlight alternative ways some families are choosing to celebrate the holidays.