Research has shown that the average children on making their first holy communion are being given €323 from friends and family.
Some kids get well above the average however, received over €1,500 in some cases.
€260 is also spent on new clothes and €400-€600 on food and catering on the day of celebration.
Is this too much money for children and too many costs for parents?
Matt Cooper spoke to personal finance expert Charles Weston to find out.