Top 5 Ways To Save Money When Gift-Giving (Guest Post)
Christmas is the season of giving, but showing your loved ones you care does not have to break the bank. Don’t start the new year with holiday debt; instead, follow these tips to play Santa without going broke.
Set a Holiday Budget Early
Well before the department stores start decking the halls, make a commitment to having a debt free Christmas. Start saving in the spring to ensure you have cash to spend come shopping season and do not have to rely on credit cards to make your purchases. You might be surprised at how much spare change you collect during the year. Save it all until late November and cash it in to give an extra boost to your holiday budget.
Research and Compare Costs
Never make a purchase without researching the product first. Compare prices at different stores in your area and look for online deals. Many big-box stores will match competitors’ prices, so print out any deals you find and ask for a price match. Look for coupons and deals for free stuff online to save even more.
Limit Gifts for Big Groups
Purchasing gifts for every member of a large family or group of friends can really put a dent in your Christmas budget. This year, have every member draw names and only give gifts to one person. Set a spending limit per person to save even more.
Be Creative!
Everyone appreciates the thoughtfulness of homemade gifts. Put your skills to good use and offer loved ones baked goods, knitted sweaters, music mixes, personalized ornaments or framed photos. If you are a handyman, offer a day of free work. Take young ones for a day of sledding on a snowy hill. Cooks will love a recipe book featuring your favorite holiday recipes and made-from-scratch cookie jars make baking easier for anyone. A simple glass jar filled with memories written on pretty paper makes a sentimental and memorable gift for the important people in your life. A jar filled with quotations can be just as meaningful. Give the gift of time with personalized “gift certificates” that promise massages, homemade dinners and more special favors. These gifts may not cost much, but are truly priceless because they are so thoughtful.
Be a Stocking Stuffer
Don’t pressure yourself to get huge or expensive gifts for everyone on your list. Making a few small purchases per person can save you money and still have an impact.
Gift-giving should be a joyous activity and can be stress-free if you follow these tips, embrace your creativity and learn to become a resourceful shopper.


