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.