Should We Limit The Amount of Christmas Presents for the Kids?

Where do you stand in the never ending debate of Christmas present giving for your children?

The BBC created an article in October, "Should We Impose A One-Gift Rule At Christmas" that challenges the rules of Christmas.  It's a family responsibility that doesn't just fall on the parents but across the spectrum of the family tree, especially grandparents.

Would you impose a restrictive rule?  Some parents are imposing the 4-gift, 3-gift or 1-gift rule for grandparents or even in general for each child.

In a 2011 Today article, 6,000 moms reported they plan to spend an average of $271 per child this holiday, with one in 10 saying they’ll shell out upwards of $500 on gifts for each child.

That's a lot of money going toward the holiday season.  According to the National Retail Federation:

"Consumers plan to spend a total of $967 on average for items such as decorations, candy and gifts as well as other purchases for themselves and their families."

What are your thoughts?  Comment and let us know.