The youngest of the Jonas brothers puts a strict limit of $150 on his presents
For heartthrob songster Nick Jonas, shopping doesn’t always mean dropping tons of dough.
Though the 25-year-old former Jonas Brother bandmate is worth an estimated $25 million according to Bankrate, he prefers to buy gifts that are sentimental instead of expensive. “We’re a big family so we each pick one family member and get a gift for them,” Jonas tells Moneyish.
With a limit of $150 per person, Jonas says, “We put a price cap on it so it makes you get creative with that you spend money on. Those things you find that aren’t expensive but have a personal touch go a lot further.” Last year, he gave a book and a printed photograph.
With that $150 budget, Jonas actually spends less than many Americans. About one in 10 Americans will spend at least $250 on a gift this year, and one in four will spend $100 or more, according to a survey released this month by CreditCards.com. And many will up their spending this year: Total holiday sales will rise this year between between 3.6 and 4% this year for a total of $678.75 billion.
The “Close” crooner is also conservative when it comes to asking others to buy products that have his stamp on them. His most recent collaboration with Altec Lansing features a line of headphones that retail at Walmart for $49.99. “I try to be conscious about the things I ask my fans to buy,” Jonas tells Moneyish.
That said, he admits there are times it’s worth it to spend big bucks. “I love vinyl records and finding great vinyls. I’m currently on the hunt for a really good record player for my home,” he says. And prior to creating his own line of affordable headphones, Jonas confesses to spending $300 on a decent pair of headphones. “At some point, spending that much can be a little exhausting,” says Jonas.
The most important thing for Jonas is to feel like whatever he’s working on represents his true and authentic self. He’s keen on finding opportunities that correlate with his passions. “Clothing is something that I love, so I’d love to design or collaborate with a great designer. And if there’s a way to tie in health, wellness and fitness, that would be fun as well. I care a lot about working out and living a healthy lifestyle,” he tells Moneyish.
And when things slow down a bit this time of year, he enjoys settling in at his parent’s house. The best part of the holidays for Jonas is spending time with family and friends. “And eating too much,” he says. Jonas enjoys watching his two young nieces – older brother Kevin’s daughters – open their presents on Christmas. “We all look forward to giving them gifts and watching them open them—that’s become the new tradition,” he says.
When they were younger, they would set up their Christmas tree up as a family. “My father would take what felt like years explaining where each of the ornaments came from, but we look back at it with fond memories,” explains Jonas.
And when it comes to giving him a gift, Jonas insists he’s simple to shop for. “I don’t really need anything but I like cigars and candles. My apartment is full of candles,” he tells Moneyish.
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