Do You Feel Pressured To Overspend On Festivals Because Of Your Children?

Festivals, once simple celebrations of culture and tradition, have transformed into extravagant affairs. As parents, we often feel the pressure to create magical experiences for our children, often leading to overspending. For instance, we have Christmas coming up and a popular western festival, many parents feel the need to buy their children a plethora of new clothes, toys, and sweets. The desire to match the grandeur of celebrations depicted in movies and advertisements can lead to impulsive purchases and financial strain. It also makes us feel incompetent as parents when we cannot give something that our kids really want. But what are some other reasons why you feel obliged to overspend on holiday seasons?

You may have societal expectationsSociety often sets high expectations for parents to create memorable festivals for their children. The pressure to keep up with the Joneses can lead to excessive spending on extravagant decorations, expensive gifts, and lavish parties. You wish for lasting memoriesParents often strive to create lifelong memories for their children during festivals. This can involve splurging on expensive vacations, extravagant gifts, or elaborate celebrations. You may get the urge to spoil themThe desire to shower children with love and affection can sometimes manifest as overindulgence. Parents may feel compelled to buy expensive toys, gadgets, or designer clothes, even if they are not necessary. You may get stuck in marketing allureAggressive marketing campaigns and enticing advertisements can tempt parents to purchase unnecessary items. Festive sales and discounts can further fuel impulsive buying behavior. You wish to fulfill your children's wishesChildren often have specific expectations for festivals, such as new clothes, toys, or gadgets. Parents may feel pressured to fulfill these wishes, even if it strains their budget. You may feel the fear of missing outThe fear of depriving children of special experiences can lead parents to overspend on activities, trips, and events. They may feel compelled to say "yes" to every opportunity, regardless of the cost. You may feel cultural and religious obligationsMany cultures and religions have specific rituals and traditions associated with festivals. These traditions often involve significant expenses, such as buying new clothes, offering prayers, and organizing elaborate feasts. You may be feeling guiltyParents may feel guilty if they cannot afford to provide their children with everything they want or need. This guilt can lead to overspending, as parents try to compensate for perceived shortcomings.