My 8 year old son has been invited to a birthday party for a friend. What is the appropriate amount of money to spend on a gift for a child of this age?
I'd say this is more a question for his peer's parents than Quora. Different communities, cultures and socio economic groups will all give different answers but only the people round you, know what's the norm there. Maybe casually ask one of the other kid's parents if they've got any ideas for a present as you don't know what the kid likes and that might give you a clue. Mind you, bottom line, the appropriate amount to spend is the amount you can afford.