5 Ways to Save on Holiday Gifting

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Can you believe the holidays are just around the corner?  Whether you plan ahead or wait until the last minute, overspending on holiday gifts is very common.  Below are some tips and tricks to help you budget for the upcoming holiday season.  

 

  1. Set Limits. First decide who you’re buying gifts for, and then determine how much you’re willing and able to spend.  For example, you might want to spend $300 total for 10 friends and family members. That equates to $30 per person. However, you might want to spend more on a specific person.  You can get yourself in spending trouble when you buy your sister an expensive coat and then feel obligated to spend the same amount on your brother, mother, father, or grandparent. It’s easy for spending to spiral out of control. Deciding before you shop how you’ll divvy up the budgeted amount is one way to avoid this scenario. The holidays are certainly a special time of year, but remember the other times throughout the year you may purchase gifts for your friends and family – birthdays, other holidays, anniversaries, and more.  You don’t have to break the bank during the holiday season.
  1. Shop Thanksgiving Weekend. In recent times, Thanksgiving Day has become one of the best times to find bargains. Stores seem to start sales earlier and earlier every year.  That means you don’t have to leave your turkey dinner to go shopping unless you want to or are looking for an excuse to leave.  If you miss the Thanksgiving sales, Black Friday and Cyber Monday are packed with sales as well.  Whether you’re willing to brave the Black Friday crowds or if you prefer to Cyber Monday shop from the comfort of your home, hopefully you experience some serious saving.
  1. Buy Gifts for Kids at Affordable Stores. We can all appreciate a brand-name gift, but children don’t really care. Do your research to find the best deals that are available.  Whether it’s a local boutique, online marketplace, or a mega-retail chain, you don’t have to pay full retail prices for gifts that will bring a smile to the face of the kids in your life.   
  1. Create Your Gifts. If you’re crafty, handmade gifts are memorable and always seem to go over well: home décor, quilts, paintings, photography, jewelry, candles, soap, and more. If creating isn’t your forte, holiday markets and celebrations are a fun alternative to pick up some handmade gifts. Etsy is another great place to find handcrafted items. Food is also a heartfelt gift to make and give, especially for the person who has everything. No matter what you choose to make, chances are you’ll fall within your budget!
  1. Give Vintage or Antique Gifts. The key to giving this type of gift is knowing who you’re shopping for and where to look. Antique stores, thrift stores, and used bookstores are good places to start.  You can search for those hard-to-find items for friends and family that collect items on eBay from your couch.  Amazon even has items that are used. Just check to see if there’s a link that says “used and new offers” on the page of the product you’re looking for.  Keep these resources in mind as you begin buying holiday gifts.

The holidays are all about the spirit of giving but saving while you’re gifting can be a real bonus! 

Sources

https://www.simple.com/blog/how-to-save-money-on-holiday-presents

https://www.moneycrashers.com/ways-save-money-holiday-gifts-friends-family/

https://www.dealnews.com/features/Thanksgiving-Day-Will-Top-Black-Friday-for-the-Best-Deals/857586.html