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With the recession still at the forefront of most people’s minds, it’s not uncommon for a new spending pattern to have emerged in their daily lives. Gifts might now be of a much smaller size, or even absent altogether. Entertainment budgets that were slashed almost entirely during the height of the financial crisis have barely budged above that lowly mark. Dinner and a movie for date night, formerly an easily $60-80 affair, are now relegated to a one dollar Red Box movie and an instantly ready pizza, keeping the cost closer to ten bucks. With all of this tightness in spending, one can wonder if milestone purchase spending is also subject to a cutback.
Milestones are special occasions that are a fine time to remember by either giving or receiving a fairly large gift. Think of silver wedding anniversaries, college graduations, landing one’s first career job, retiring from years of work, or being elected to hold a public office. Each occasion is a cause for celebration in its own right, outside of the typical celebrations of birthdays and holidays. Special occasions call for special gifts, in most instances.
To maintain the budgetary line of thinking, it’s a good idea to discuss your expectations with those whom you’ll celebrate your particular milestone with. If keeping inside a strict budget is of the utmost importance to you, let others know that by discussing it directly long before any party is held in celebration. That way, everyone will be on the same page when it comes to spending totals, which will eliminate any potential discomfort.