Most parents would rather their kids open an envelope of cash than unwrap a present.Forget finding the perfect present for your nephew.
According to Upromise by Sallie Mae's Holiday Financial Faux Pas survey, most parents (71%) prefer you give their kids money for college than actual gifts for the holidays.
So ditch the trips to Toys R Us, and just stop at your nearest ATM instead.
The survey also found that less than a third of people are planning on sticking to a budget for gift giving, and that 28% of people wait until the night before to buy all their gifts.
Take a look at the infographic below to see some of the other secrets Upromise discovered about holiday shopping, including how many shoppers are also buying gifts for themselves.
