We put a $20 Limit on our gift exchange for Christmas | Episode 448

In our family’s Christmas gift exchange this year we have a $20 limit. We drew names last month and the rules are that the drawing results are confidential and you can’t spend more than $20 on the gift you buy.

In this Bonus Christmas Podcast we discuss how putting a financial limit on our family gift exchange increases creativity.

0:00 Intro. 1:19 John's most memorable gift. 3:47 Why a financial limit on a gift exchange is useful. 12:15 When can a good gift be a bad gift? 15:13 John blows a train whistle. 15:56 Last minute Christmas gift ideas. 19:03 American inventions. 20:55 How to help children develop creativity.

Resources:  The Wise Man Foolish Man card game, buy it here: https://amzn.to/41iOTGE  A good train whistle :) if you're buying a gift for someone who loves trains: https://amzn.to/41xU6uA  The book Michele bought Tom last year: https://amzn.to/3trwqv3 

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Listen on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163   Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8