The Finance Guru says you should be spending just $20 per child on Christmas presents

He’s been accused of being the Grinch, but The Finance Guru says parents should be spending as little as $20 per child on Christmas presents.

Scott Haywood said you should allocate $20 per child once they hit high school and maybe spend just a little more on the youngsters.

(But what Santa decides is up to him!)

Click PLAY below to hear him explain why on 3AW Drive