A Family of Gift-Maximizers

(Photo: Jimmie)

A reader/listener from Oregon named T.K. writes in, having heard us talk about holiday gift-giving in our “Have a Very Homo Economicus Christmas” podcast:

Guys, thought you might be interested in a couple of econ-related oddities from my family at Christmas time. The first occurred this year. I am single and my brother and step-sister are both in relationships. My parents bought gifts for the boyfriend and girlfriend, and once I found out that they were planning to do that, I asked for my “share” of the boyfriend/girlfriend pool. I just wanted to be sure my take was the same as what my brother and his girlfriend, and step-sister and her boyfriend were getting. My parents obliged, so even though I am single, a few more Christmas gifts under the tree for me:) Don’t know how other families handle this issue, but it’s working beautifully in my family.

The second oddity is that my stepdad is quite fond of “buyouts.” Over the last decade, we have tentatively planned eight vacations away from home and executed exactly two of them. Each year, my mom gets really excited about going someplace new — it was Belgium for a while; Hawaii; Bend, Or., just to name a few. The way it works is this: my mom finds a place, my stepdad decides he doesn’t want to go. To get my brother, stepsister, and me on board with not going, he offers us a lump-sum payment. He knows that whatever the vacation, it will cost him two to three times the actual lump sum after we’ve paid for lift tickets, beer, surfing, whatever we dream up to do. It’s hard for people in their 20s and 30s to turn down a lump-sum payment to not go on a vacation, and the buyouts are usually pretty healthy. My friends are extremely envious of the family buyouts, and I’m proud of my family for being economic realists. Cheers to another great year.

How would you like to be a member of T.K.’s family? Do you find his stepfather’s buyouts clever or repugnant? And finally: if you had to buy T.K. a gift based on his note, what would you get him?

 

 

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COMMENTS: 44


  1. Brian says:

    I would get him whatever his “share” was in coal! What a ridiculously selfish thing to say to your parents. It really isn’t surprising at all that he doesn’t have a girlfriend.

    As far as his stepdad goes, he should just forgo the payments and take his wife on a nice vacation without T.K., that should save some money. Greedy ingrate.

    Well-loved. Like or Dislike: Thumb up 98 Thumb down 5
    • nobody.really says:

      WAIT A MINUTE – don’t you see what’s going on here? Sure, someone’s being greedy – it’s mom and dad!

      Dad: Hey, honey – what do you say to a little vacation to Hawaii?

      Mom: Mmmm, sounds romantic – if only we could leave the kids at home.

      Dad: So let’s leave ’em.

      Mom: But wouldn’t they be hurt if we go off someplace fun and abandon them?

      Dad: I know – Let’s pretend that this trip was all YOUR idea, and that I hate it. I’ll get them to side with me, partly as a favor to me, and partly to get some small compensation. You pout, but give in. Then, later on, I say that you insisted on going — alone if you had to – and I capitulated just to keep you company. We’ll have the time of our lives, and all the while our bratty kids will be laughing about how they skunked us out of some pocket change. Everyone’s happy. Whatdaya say?

      Well-loved. Like or Dislike: Thumb up 21 Thumb down 0
      • Impossibly Stupid says:

        The part you, and apparently at least 9 other people, missed about leaving the kids at home is that they are “people in their 20s and 30s”.

        Well-loved. Like or Dislike: Thumb up 11 Thumb down 0
      • Enter your name... says:

        It doesn’t sound like the mom and stepdad are going, either. It sounds like the stepdad is buying off the kids as a means of preventing the trip entirely.

        After all, if he (or she) wanted a trip by themselves, all they have to do is not mention their plans to the kids until it’s over, or have the courage to say that they want a trip by themselves.

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  2. frankenduf says:

    it may take 2 to tango- even tho the stepdads behavior is reprehensible, there may be a reason why he doesnt gel with the family which may originate from the other members…

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  3. Jim says:

    He sounds like a greedy bas*ard to me. But the only difference between him and me is that he does something about it.

    Well-loved. Like or Dislike: Thumb up 17 Thumb down 2
  4. MikeM says:

    First of all, those aren’t “buyouts” – they’re bribes. I don’t necessarily consider them repugnant, but I don’t understand why his mom tolerates them. If nothing else, she should proffer bribes of her own to get the kids to commit to the vacations.

    I would not want to be part of this family. They seem to treat each other not as family, but as transactors. I grew up with some of this (I paid interest on loans from my dad) but most of it was to teach me to be just and responsible. This, on the other hand, seems to be a family that values corruption and the power of a strong lobbying position.

    I think T.K.’s ideal gift combo is (1) surveillance equipment, and (2) a book on the Watergate scandal so he’ll know how not to get caught by his parents or siblings.

    Well-loved. Like or Dislike: Thumb up 14 Thumb down 0
  5. nobody.really says:

    I’d get T.K a copy of the book, “101 Most Expensive Vacation Destinations!” with an author’s dedication written out to his mother.

    And then I’d ask for a share of the resulting proceeds.

    Well-loved. Like or Dislike: Thumb up 21 Thumb down 0
  6. Jeff says:

    I don’t get the argument for having a “share” equal to that of the other siblings. My parents buy gifts for both me and my boyfriend because they like him and consider him a member of the family, not because we come as a “set” and they’re obliged. He’s not getting something at the expense of me, it’s just an *additional* gift.

    And I value my vacations and travel way *more* than the cost of the trip! No way you could buy those experiences and time with loved ones from me for a bargain…

    Well-loved. Like or Dislike: Thumb up 34 Thumb down 0
    • Chris says:

      So people seem to disapprove of T.K, but as someone who is perpetually single, and poor, I have sometimes resented having to buy five presents for my brother, his wife, and their three kids, while they get away with buying me just the one. I’m not saying I feel I should receive more gifts, but it is one logical solution to the situation.
      (regarding my own situation, yes, ‘group’ presents are an option but leave me feeling like I’m cheating the kids out of what is really a holiday more for them than the grown-ups)

      Well-loved. Like or Dislike: Thumb up 15 Thumb down 3
      • Thalia says:

        I would have had no problem if TK had told his siblings that he was going to get them joint presents. But what he did is whine to his parents (an adult!) that he should get more presents from THEM. How does that compensate for anything?

        If one of my kids did this I would be appalled.

        Well-loved. Like or Dislike: Thumb up 15 Thumb down 0
      • Enter your name... says:

        So get a ‘group’ gift that is aimed at the kids rather than at the parents or the whole family. Consider a board game, for example, or a set of water pistols.

        Alternatively, you can get inexpensive presents. A water pistol, for example, is only going to set you back about $2 each, and I’ve never seen a boy who didn’t like them.

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  7. Kathy says:

    He’s a greedy little opportunist. I wouldn’t buy him anything.

    Well-loved. Like or Dislike: Thumb up 16 Thumb down 0
  8. Steve says:

    I decided to vote against you, mom, even though you were “super excited” about Belgium because the money meant more to me than your feelings.

    It just isn’t Christmas if I don’t receive the dollar equivalent of my siblings AND their plus ones. What a great Christmas carol that sentiment would be. I can’t wait to teach my kids to be this selfish.

    T.K. Keen, I pity you for feeling proud about this.

    Well-loved. Like or Dislike: Thumb up 41 Thumb down 1
  9. Julie says:

    The whole “vacation buyout” thing reminds me of the letter that made the rounds of the internet a few years ago about getting paid not to farm: http://tomgpalmer.com/2008/02/04/not-raising-pigs/ (Original source unknown.)

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  10. occasionalcomment says:

    I guess everybody is entitled to their own definition of “family.” However, I find the entire family’s behavior manipulative and unkind. I would love to go on family vacations for the simple fact that I’d get to spend time with my family. And isn’t the point of giving gifts to show love and appreciation regardless of value? Wow!

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0
  11. Des says:

    I’m not sure I understand the logic of the first point. Is the author proposing that a couple constitutes a single entity and that he, as a single person, should be equal to that entity in gift value? That doesn’t really make sense, since even if there is an economy of scale in couplehood, two still require more resources than one. Is he saying that he is saving up his future-girlfriend’s portion until such time as she arrives to claim her “share”? I guess that makes a bit more sense, but seems pretty far-fetched. It doesn’t strike me as “even” for the single sibling to receive an extra portion, which goes to the SOs of the attached siblings. An SO is a person in their own right, not simply an extension of the brother/sister.

    All of which is somewhat moot, since requesting such a thing flies in the face of the meaning of the holiday. In my family, there are often years when one sibling’s gift “value” far exceeds the others – either because of need or because there was just a particular nice gift that was available. It evens out over the years. And even if it didn’t, does anyone really care?

    Well-loved. Like or Dislike: Thumb up 10 Thumb down 0
  12. Shawn Thompson says:

    I think this T.K. character has gotten too used to being spoiled rotten his entire life.

    Considering that their siblings in relationships are now likely buying presents for two sets of parents, and T.K. only one, receiving an extra ‘share’ makes sense. One might also consider the fact that the boyfriend/girlfriend in question are actual people for whom gifts are being bought, and not just an economic extension of the child.

    This type of behavior might fly in a teenage advice column, but for someone in their “20s or 30s” to be pulling this type of stunt this late in life is unacceptable. If I had to buy T.K. a gift, the only thing I would find acceptable would be a charitable donation in his name, as it would truly be a shame to fuel his fire of immaturity.

    I don’t even want to get started about the vacation. It’s one thing to know these type of people exist, but to see them comment about it as if there aren’t some serious fundamental issues is very depressing. On the plus side, these feelings are greatly outweighed by knowing lots of people who treat holidays and vacations with the family as a time to celebrate and relax, and not just another economic transaction.

    If I had to buy T.K. a gift based on his note, I would buy

    Well-loved. Like or Dislike: Thumb up 5 Thumb down 0
  13. David Stigant says:

    >> it’s working beautifully in my family.

    By which you mean “I’m blissfully unaware of the fact that the other members in my family think I’m a self-centered brat, aren’t, in the least bit surprised that I don’t have a girlfriend, and are too polite to say anything lest they disrupt the holiday cheer”

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    • David Stigant says:

      >> my mom finds a place, my stepdad decides he doesn’t want to go.

      And your stepfather is a jerk as well. This whole story reminds me of the woman who was raised by an Ayn Rand enthusiast.

      Thumb up 1 Thumb down 2
      • James says:

        Mom likes the idea of going on vacations and wants to make stepdad go on them. Stepdad obviously doesn’t like them – something I understand perfectly well – and wants not to go on them. Why is stepdad a jerk, and mom not? Seems like a perfectly symmetric situation: both want the other to submit to discomfort for their own pleasure. The only difference is that stepdad has discover how to get his own way.

        (The obvious solution here would be for mom to go on vacation, with or without kids, while stepdad stays home.)

        Thumb up 3 Thumb down 2
      • Seminymous Coward says:

        If you have a minute and that was actually a specific reference, could you point me toward it?

        Thumb up 1 Thumb down 0
  14. Lori Rogue says:

    Hidden due to low comment rating. Click here to see.

    Disliked! Like or Dislike: Thumb up 1 Thumb down 13
  15. Cindy says:

    I think the stepdad doesn’t want to go anywhere because he is stuck with the costs. Why is that he should pay for adult children’s vacation? Shouldn’t the adult children pay their own way? If you have to pay to get your children to spend time with you, then may be they don’t want to spend time with you. No need to buyout, the gift is “no vacation with you.” The stepdad should take the mom to somewhere he and the mom both want to go using the buyout money.

    For the present I would return T.K.’s original gift and split the money one less expensive, but more numerous, gifts. For example, trade in that coat for a pair of gloves and socks, wrapped separately.

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    • James says:

      Is it the costs, or is it that stepdad doesn’t like the experiences surrounding a conventional vacation: airline travel, hotel stays, crowds of tourists, etc? I’d certainly pay to avoid those.

      Thumb up 1 Thumb down 0
    • Swayback says:

      I agree that it’s weird the stepdad is expected to pick up all vacation costs (even lift tickets, etc.). It just more evidence that the kids, or the letter writer at least, are spoiled rotten. And way too old to be spoiled rotten!

      Thumb up 1 Thumb down 0
  16. disgusted says:

    So when all three siblings have children, if TK has two children, and his brother and step-sister each have one, TK’s child should get only one half the number (or value) of grandparent gifts that his/her cousins get?

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  17. Doug says:

    Maybe I’m overly-independent, but I find it weird that these people in their 20′s and 30′s let their parents pay for their vacations. Would dad feel differently if he didn’t have to foot the bill for a bunch of financially immature children?

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    • Rose says:

      Eh. When my dad’s family gets together, they tend to do it someplace cool. If it is someplace more expensive than we would go for vacation independently, my parents tend to chip in. To say thank you I tend to do the harder stuff in their garden. But then, to say thank you my mom makes us baked goodies. We are probably a fairly interconnected family.

      In the same way, my Grandparents chipped in for my parent’s to do group vacations when they were young adults. If we have kids, I think we would pass on this semi-tradition. This isn’t the situation in the article, but there are some situations where parents paying seems to work.

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  18. Andy says:

    Why is someone in their 20s or 30s going on vacation with their parents? Grow up!

    Thumb up 3 Thumb down 2
    • Mike says:

      Perhaps those people actually like their parents and their families and enjoy spending time with them?

      Whether or not the parents pay for the vacation is an entirely different issue that is dependent on the particulars of that family’s situation.

      Thumb up 3 Thumb down 0
    • Cass says:

      They’re not – they’re getting paid to NOT go on vacation with their parents.

      Considering the opportunistic nature of this family, I wouldn’t be surprised if, the less step dad seems to want to go on the vacation, the more “excited” they are to go. The more desperate the step dad is to get them to agree, the bigger the payout is likely to be!

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  19. M says:

    So, in my opinion, the value of getting a present is:
    1) knowing someone spent time thinking about you
    2) the excitement of receiving a package
    3)the value of the gift itself to the recipient

    So I’ve been getting $100 cash from my parents for the past 10 years. Here’s how it’s worked out

    When I was a teenager, they would ask me what I wanted, and I would be indecisive. They just started giving me the cash. I was happy.

    When I was 14, I mentioned a sweater I liked in September, but by the time December rolled around, I wasn’t interested and had to return it. My mother yelled at me as we returned it, but hey, teenagers are fickle.

    When I was 25, they asked what I want, and I said ‘socks, underwear, and pj pants’ i picked them out online, mom bought them, and it was exciting to open the package, it was nice to get exactly what I wanted

    This year, I got cash. No one asked me what I wanted. I pooled it with my other money to buy a drumset (which I really wanted). High value as a thing I wanted, low value as far as a present is concerned

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  20. Lewis says:

    Yep, it’s all fun and games until you see what their last will and testament says.

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  21. John says:

    ” if you had to buy T.K. a gift based on his note, what would you get him?”

    Someone needs to get him a life.

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  22. Dave says:

    The real issue to this (besides the author being a ‘greedy ingrate’) is whether presents are worth what people are willing were willing to pay for them. I used to think all non-money presents were silly economically – if I thought that present was worth the $25 they had spent on it I would have purchased it myself. But then I asked myself how much someone would need to offer me to induce me to sell some of the more meaningful gifts I had received, and that amount is often far higher than the literal price of the good.

    A second consideration is that presents allow us to indulge each other when budgets don’t allow us to feel good indulging ourselves. Quite often I receive a gift that is worth the sticker price to me but not the combined cost of the sticker price and the guilt together. My friend, in a way, has an advantage in being able to get the gift cheaper than I can (only the dollar cost), making it a great deal for us both

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  23. Karin says:

    Oh, horrors! What an avaricious family.

    I would give the poster a charitable gift to counterbalance his greed ;-)

    http://karinscuisine.blogspot.com.au/2012/12/a-no-crap-christmas-shopping-guide.html

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  24. MW says:

    ‘I asked for my “share” of the boyfriend/girlfriend pool.’

    The parents should have replied “We’re spending extra on inducements to provide us with grandchildren. If you want to benefit, get a girlfriend.”

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  25. Siobhan says:

    I feel sorry for TK’s mom. Everyone else may be happier, but I’m sure she’s not.

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  26. joy says:

    TK, you are a cheap 30 something! Mooching off from your parents all this time. No wonder you do not have a girlfriend.

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  27. Doug Warren says:

    Holy Monkeynuts! This is ridiculous. How far does this teat stretch? Is he going to offer them a payout when they retire? Make the kids pay for their own vacations if they choose to attend. First World Problems, indeed!

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  28. Norm says:

    If i were buying TK a gift, it’d be a dictionary, so that he could look up the terms, “ungrateful wretch”.

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  29. JohanBroad says:

    Yeah… Money is nice.

    But then again did ever wish that you *had* taken the trip?

    I mean really, if your mom planned a trip to Oh, say the Bahamas, and it might be your only chance to go and experience the Bahamas, would you still think the money is the better deal?

    Money can be earned and spent, won or lost. and it does no good unless it is actually spent.

    Fuck the cash, I’ll take the trip, thank you.

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  30. God says:

    I’m only commenting on the gift giving. My question is whether the significant others give the parents a presents. If they do, it seems to me that T.J. should also be giving more to his parents in response. Ultimately it should be a wash.

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