My parents just used the "no holidays" as a way to be cheap asses. I can count on one hand the number toys they bought for me as a kid. Thank goodness I had cool grandparents and relatives. I don't think I would be going out on a limb by saying that many JW parents did the same.
All of my parent's extra money went into thier worthless horses. They would drop $250 a month on just horse shoes but would not buy me a pair off shoes if they were more $5.
This is one of those very sore points for me. Every time I drive past a crappy nursing home I get an evil grin knowing that they will soon experience penny pinching on an extreme scale. They were always the ones telling me that "you reap what you sow". If they only could know how true that will be.