Saving money on holiday gifts can be a challenge, but with some strategies in place you, you can stick to your budget while still giving meaningful gifts. Below are some ideas to save some coins this holiday season.
Set a Budget (and Stick to It)
- Plan ahead and set a realistic budget for each person you plan to buy for. Try your best to stick to your limits to avoid overspending.
- Track your spending. Use a spreadsheet or app to keep track of the gifts you've bought and how much you've spent.
Shop Early
- Shopping in advance can help you avoid the last-minute price increases. Many stores have holiday sales long before December so be sure to take advantage of them.
- If you're willing to take the risk, last-minute sales and clearance items can offer great deals.
Use Coupons and Cash Back Apps
- Search for discount codes online for major retailers or specific items. Websites like RetailMeNot or Honey can help you find deals.
- Platforms like Rakuten, Ibotta and TopCashback offer cash back on many online purchases. Combine with discounts for extra savings!
Make Homemade Gifts
- If you're crafty, consider making personalized gifts such as knitted dishcloth's, handmade candles or photo albums. Handmade gifts often feel more special than something store-bought and can be relatively inexpensive to create.
- If you like to cook or bake, consider preparing delicious treats like cookies, brownies, or homemade jam in jars. Package them nicely for a heartfelt, low-cost gift.
Shop Secondhand or Thrift
- Check out local thrift stores or online marketplaces like eBay, Poshmark, or Facebook Marketplace for items. You can find unique and gently used gifts at a fraction of the cost.
- Many people appreciate vintage or retro items, especially for things like jewelery, clothes, or home decor.
Opt for Experiences
- Instead of buying physical items, gift experiences like cooking classes, a day trip or concerts. Experiences can often cost less and can be more memorable than material gifts.
- Create a "voucher" for something you can do for someone, like babysitting, a homemade meal, or a movie night, to offer them a thoughtful and cost-effective gift.
By planning ahead, being resourceful and focusing on personal touches, you can save money on holiday gifts and still spread holiday cheer.