I know it’s that month of the year where everyone is excited since they will be spending time with family and friends. Celebrated for centuries, the Christmas holiday brings about a lot of activities. One of them is buying and decorating Christmas trees which were actually introduced by Germans in the 16th century. Another activity is searching for the perfect gifts for your loved ones.
It’s no secret that it can be tempting to go overboard when it comes to buying gifts for your loved ones. However, that does not mean you should end the year with credit card debt. Although it’s a Christmas tradition to buy your loved ones some gifts, you can still ensure everyone gets something special from you without breaking the bank.
So how do you accomplish that?
Here are the 10 super ways to save money this Christmas season and still keep a smile on the faces of your loved ones.
1. Plan Your Christmas Gift List in Advance
Before you even start budgeting on how much to spend on your loved ones, you should start by making a list on how many people you will be buying gifts for. After you are done with the list you can now start finding the types of gifts you think are best suited for everyone. Remember, looking for gifts does not have to be done only in the Christmas season but you can start any time of the year. Nonetheless, Labor Day, Black Friday and Cyber Monday are great places to start. By starting to buy the gifts early, you will surely be able to save some money since there is time for comparing prices from gift stores. Keep in mind, another benefit of planning ahead is that you won’t be worried about where to find the perfect gift.
2. Establish a Budget
After compiling a gift list, a budget is just what you need to keep your spending in check. To enable you to save money, write down next to the gift list how much each item costs. By having an estimation of the gifts, it will be easy to know how much you are required to spend. This will give you a clear picture of how much money you need to have and how much you are able to spend. Note that, just because you can afford to spend a certain amount of money does not mean you can’t try to save some for other necessities. Create a budget before you set out to purchase anything and I guarantee you by the end of the day, you will have saved some money.
3. Give Fewer Gifts
No matter how much you want to be known as the great gift-giver, not all members of your family or friends are into gifts. To not only cut on unnecessary spending you can bring joy to some of your loved ones by really knowing what they need this Christmas. Some just want to spend time with you and visiting them on this holiday season will truly bring a smile on their faces. Think of that aunt or uncle who appreciates exchanging cards and just send them a thoughtful Christmas card. What’s more, if you haven’t seen your family for months, you can invite them to your home and get to laugh and bond without expecting to exchange any gifts. However, remember you need to discuss with them beforehand that the actual gift is spending time together.
4. Present Group Gifts
Popular in the office, group gifts are usually exchanged within large groups such as employees giving a gift to their boss or between co-workers. With that in mind, you can also decide to buy group gifts this Christmas holiday for members of your family. For example, you can come together and buy your grandparent’s a sleeping recliner to help them ease their back pain or just a warm blanket for the winter season. By each member giving out some money, your grandparents will be happy for the great gesture and all of you will save some money in the process.
5. Use Ebates
Another great way to save on Christmas gifts is to get cash back. Ebates is a website you can use to achieve this. Just sign up for a free account and find the store you want to shop with through the Ebates website. For more great deals, you can also download the browser extension for pop-up reminders anytime you visit a website that offers cash back. On the other hand, if you are not a fan of online shopping, the Ebates service can come in handy to get cash back in-store as well.
6. Keenly Compare Prices
If you are a lover of online shopping, then you know comparing prices is really easy with just a click of your finger. Try to find the best deals by visiting websites like PriceGrabber. com to get a discount for huge deals. Another place to get great deals is by signing up for newsletters from your favorite stores. Being on the email list, the stores will first hand notify you about coupons or promotions that you can use on your Christmas gifts.
7. Purchase Discount Gift Cards
How would you like to get $ 200 worth of gifts for $120? That would be great, right? Well, it can happen if you purchase discount gift cards for online or offline retailers. The most common are Apple Store, Home Depot, Radio Shack, and Sears among others. Discounts are usually 5%-30% off the face value of the card which is great as you will save some money. For more discount rates, check out GiftCards.com.
8. Shop Only with Cash
If your shopping list includes all the items easily purchasable on stores, then it’s advisable to carry cash. Since you are on a budget, the money will give you a tangible reminder to keep to the list something a credit card may fail to do. No matter how much you might try to be disciplined with a credit card, you might find yourself overspending on items you had not planned for in the beginning. On top of that, the risk of incurring charges might happen if you miss paying your credit card balance on time.
9. Make Home-Made Presents
Are you ready to get out of the comfort zone of buying every single gift for your loved ones? Then you can give your loved ones homemade presents. Yes, it will take some time to make that thoughtful gift but by the end of the day, it will be appreciated. If you have a hidden talent but don’t know where to start, you can check Pinterest which has a wealth of ideas and instructions. However, remember making a homemade present doesn’t mean you have to be super crafty, you can bake a cake or cookies. Another simple but thoughtful gesture is putting together a gift basket of someone’s favorite things.
10. Check Out Social Media
Even if it might seem odd on how checking out social media platforms will save you any money, just bear with me for a moment. Most stores use their social media accounts to keep their followers always updated on new products and discount offers. Therefore, if you follow these platforms, there is a high chance of finding posts offering money-saving discount codes.
So there you have it, the 10 super ways to save money this Christmas season. If you follow these steps there is a high chance that your bank account doesn’t have to suffer just because you want to spread some love through gifts.