How to Save Money on Christmas Gifts

Are you wondering how to save money on Christmas gifts this year?

There’s no doubt we spend a lot of money at Christmas time. As a matter of fact, a quarter of all personal spending in the United States is done during the holiday season.

As families grow so does the gift list and our Christmas budget can get out of hand. But, there are ways to save and cut back on your gift giving without looking like a scrooge.

Read on to find out how to save money on holiday gifts this year...



1. Re-think

Remember, first of all, that it’s the thought that counts. We should be celebrating the real meaning of the season, right?

Well, that’s a hard sell at times to children perhaps, but with some creative planning coupled with your  imagination, your gifts will still be appreciated AND you can avoid going into holiday debt.

Get some ideas from our alternative gift guides:



2. Plan

Celebrate Christmas all year long, especially where buying gifts is concerned.

Make a gift list early in the year and when you do your everyday shopping you’re sure to stumble onto the perfect gift for someone on your list.

It may even be on sale or on special. Two for one clearance deals can double your shopping fun - and your money.

Huge savings can be found right after Christmas so constantly be on the lookout. No last minute shopping for you.



3. Save

Avidly scan sales flyers and clip coupons.

You probably already do this but this year keep gift giving in mind too.

Try to use coupons in combination with sale prices and save even more.

Sign up for department stores newsletters to keep on top of sales, special offers and discounts.



4. Make it fun

Carpool with a friend when you’re going shopping.

This not only saves fuel but you can exchange ideas on what to give and where to go.

Plus it can make gift buying fun instead of an obligatory chore.

Don’t forget to shop the Pound or Dollar Stores and the 99 Cent Stores. No one has to know what you spent on the gift!



5. Shop local

Yard and garage sales are great places to find that perfect treasure for a fraction of the cost.

And, you may be surprised just how many items are new, in their original package and unopened.

But, the item doesn’t have to be new. With a little clean up and fix up it can look new, and you can often find quirky or collectible things your gift recipient will love.

Or, maybe you’ll be lucky enough to find an antique that just needs a coat of polish.



6. Re-gift

Regifting is a practice that’s gaining in popularity.

Yes, many people do it and you can too. No need to leave that gift you received years ago in the closet gathering dust.

Dust it off, gift wrap it, give it to someone who can use it and you save.

Just make sure you remember who gave it to you!!



7. Dial down

Many large families nowadays draw names to keep holiday expenses in line.

Some only give gifts to the children or exchange cards, or set a budget per person.

You might even consider giving a family gift instead of individual gifts.



Of course, personal, obviously well thought out gifts are always most appreciated but they don't have to cost a fortune.

Enjoy the holiday season but stay within your budget. It will definitely be a happier new year if it starts debt free!




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