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  • "If you are truly serious about preparing your child for the future, don't teach him to subtract. Teach him to deduct." -- Fran Lebowitz, writer
  • "The United States has a system of taxation by confession." -- Hugo Black, Supreme Court Justice

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Friday, May 09, 2008

Mother's Day gift ideas

It's been a crazy week and Mother's Day almost sneaked up on me. But a little while ago I called a florist in my mother's town and was assured they could deliver a nice flower arrangement later today or tomorrow.

Mom_heart_tattoo_2 A gift for my Mom is easy. First of all there's the card; that's a must, preferably a mushy one.

She also loves flowers, and my tardiness this year made that choice a no-brainer. Costume jewelry also is a welcome present, as are various accessories like scarves and fashion belts.

You could spend a lot for those gifts, or you could find some nice but less budget busting versions of everything but the fresh flowers at a local department or discount store.

Spending on Mom: This year, with recession on everyone's mind, it looks like thriftier options will win.

One recent survey, reported in Progressive Grocer (which, by the way, notes that fresh flowers are available at most supermarkets), found that consumers are planning to scale back a bit on the number of gifts they buy Mom this year.

According to the National Retail Federation's 2008 Mother's Day Consumer Intentions and Actions Survey, conducted by BIGresearch, consumers will spend an average of $138.63 this year, compared to $139.14 last year. Total consumer spending is expected to reach $15.8 billion.

While the majority of consumers will invest in one major gift (such as jewelry) for Mom, they are likely to spend at least some money on the aforementioned flowers ($2 billion expected in this category), gift cards or gift certificates ($1.6 billion), housewares and gardening tools ($696 million), and, of course, greeting cards ($672 million).

Most shoppers (35 percent) told pollsters that they will shop at specialty stores, with the rest of those surveyed heading to department (28.8 percent) and discount (25.7 percent) stores. Other outlets for Mom's gifts include specialty clothing stores and online and catalog merchants.

Other gift ideas: If you're still looking for ideas, check out Our Fourpence Worth's frugal but thoughtful Mother’s Day gift suggestions.

Mrs. Nespy's World has a wide-ranging five-part collection of gift ideas (part 1, part 2, part 3, part 4 and part 5).

And all you who procrastinated longer than I did will want to check out Slashfood's yummy gift list, ParentDish's last-minute gift guide and Mother's Day gifts for the procrastinator, part 1 and part 2, from Wordcandy Bookshelf.

Happy shopping and to all moms, grandmothers, aunts, nieces, godmothers and nurturing women everywhere, a well-deserved and very Happy Mother's Day!

Mom heart logo courtesy of LogoGolfwear.com.

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Thanks so much for the mention here in your blog! I just hope the information can help people realize that it really is the thought that counts, and we don't have to put ourselves in debt to "impress" loved ones who love us anyway!

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July 2008

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Tax Calendar

  • tax season 2008

    The first filing deadline has come and gone. But if you got an extension, mark Oct. 15 on your calendar. Until then, stick around. We'll help you finally finish your 1040 and keep an eye on the other tax dates below.

    July 1: You're halfway through the year. Now's the perfect time to make some midyear tax moves that could cut your 2008 IRS bill.

    July 4: Celebrate your independence from tax hassles. Hire a tax professional now to help get your tax life in shape.

    July 10: Does your job include tips? If so and you received $20 in tips in June, use Form 4070 to report them today to your employer.

    July 16: Are your kids at day camp while you work? You might be able to use that expense to claim the child and dependent care credit. dependents on your tax return.

    July 23: If, however, your kids have summer jobs, make sure they understand their tax responsibilities.

    July 24: You can help your youngster get a nest egg head start by helping him or her open a Roth IRA with some of those summer earnings..

    July 31: Speaking of retirement plans, if you have a retirement plan (other than a SEP or SIMPLE IRA) with more than $100,000 file a Form 5500 or Form 5500 EZ by today. Need more time? File an extension and move the deadline to Oct. 15.

    July Small Business Tax Calendar: Key filing, deposit and record keeping dates your company needs to know.

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