The Christmas and holiday season is one of the best times of the year. It’s a time to gather with family and friends, eat great food, cozy up by the fireplace as the snow falls, and watch Christmas movies.
But, as great as the holidays are, they can also wreak havoc on our wallets. In fact, the average American spends close to $1000 on holiday gifts. And that’s just gift shopping.
Let’s not forget all of the money we spend during the holiday season on decorations, party foods, and holiday-related events.
Luckily, there are some easy money saving tips you can follow to cut back on your holiday spending. Read on to find out what they are.
1. Make Sure You’re Getting the Best Deal
There are attractive discounts flying around the entire holiday season. However, it’s important to remember that just because something is on sale doesn’t mean you’re being offered the best price possible.
We tend to fall for the words “free”, “discount”, “sale”, and other buzzwords that make it seem like we’re getting a great deal. But don’t let these buzzwords trick you into making an impulse purchase.
To make sure you’re getting the best deal, you can download a price comparison app. Or you can do your own research online. Also, keep in mind that many big retail chains do price matching.
So, if you find a cheaper price in the store, just show it to a retail clerk and they should be able to price match it for you.
2. Go Homemade
Even with the many discounts and savings available during the holiday season, it can still be hard to not spend a lot of money.
If you’re on a tight budget this year, consider doing homemade gifts. Even if you’re budget isn’t that tight, homemade gifts are still a great option, as they’re often more sentimental than store-bought gifts.
Here are some homemade gift ideas:
- Bake everyone special holiday treats
- Make homemade snow globes using old Mason jars
- Knit everyone scarves, gloves, or sweaters
- Make DIY Christmas ornaments
- Make stovetop DIY potpourri loaded with holiday scents such as cinnamon and pine
- Turn old trophies into bottle stoppers for a unique gift for wine lovers
- Put your artistry skills to use by making everyone homemade paintings or drawings
- Make soap using goat’s milk and other scents
- Turn a shrunken sweater into a wine holder
- Press some flowers into a picture frame to make some lovely wall art
- Make perfumes using essential oils
As you can see, many homemade gift ideas that are both sentimental and practical. In addition to making homemade gifts, you could also opt for experience gifts.
With this type of gift, you plan something for everyone to do together. For example, you could buy some baking ingredients, and everyone could bake holiday cookies together. Or you could plan a hike to take everyone on if the weather is nice.
Not only is this type of gift more affordable, but it also leads to more memories. Plus, then you’re not wasting your money on material possessions.
3. Make a Shopping List and Check it Twice
If you’ve ever gone to the grocery store on an empty stomach, then you know how dangerous it can be to go shopping without a list. Going Christmas shopping without a list can be just as disastrous as grocery shopping without a list.
There are so many adorable holiday knick-knacks, stocking stuffers, and gift baskets, that it can be difficult to not buy up the entire store. This is why creating a list beforehand is so important.
Write down all of the gifts you need to buy, plus any other supplies you need to pick up such as wrapping paper, tape, gift bags, or food. By showing up to the store with a list and knowing exactly what you need to buy, you’re less likely to be distracted by twinkling gift displays.
4. Shop With Cash
Even if you make a list, you may have trouble sticking to it. If you’re someone who tends to easily overspend while holiday shopping, we suggest you leave your cards at home and only bring cash to the store.
If you only show up with enough cash to pay for all of your gifts, you won’t be able to give in to temptation and buy anything extra. You can also check out these money saving tips to prevent you from overspending when shopping.
5. Skip the Holiday Cards
Family holiday cards can put a huge dent in your budget, especially when you consider all of the money that goes into hiring a professional photographer, buying stamps and envelopes, and sending everything out. Plus, let’s be honest, most people end up keeping these cards for a few weeks and then throwing them away.
If you’re looking to save money this holiday season, we suggest skipping the holiday cards altogether. If you want to stick to your tradition of sending out holiday cards, opt for e-cards instead.
You can take your photos at home, use a photo-editing app to spruce them up, and then send out the e-card to everyone on your list. The great thing about e-cards is that you don’t have to worry about them getting lost in the mail. Plus, they’re better for the environment.
Are You Ready to Use These Festive Money Saving Tips?
Now that you have these festive money saving tips for the holidays, it’s time to put them to use. With these tips, you’ll be able to save a ton of money this holiday season without sacrificing any of the fun.
Be sure to check back in with our blog for more money saving tips and tricks.