The holiday season is upon us! Americans spend over 465 billion dollars on gifts during the holiday season. With that being said, many people will be looking for ways they can budget and save during this expensive time of year. By following the tips shown in this post you can be sure to make the most of this holiday season, without breaking the bank!
The first step is to create a budget plan. You should know who you need to shop for, and then set a spending limit for each individual. It is helpful if you think of some gift ideas prior to going shopping, this gives you the opportunity to find the deals! You should be tracking your spending as you continue checking off items on your list. Chime, a second chance banking company, has created a mobile banking app which makes it easy to track where your money has been spent. This can help you stick to your allotted amount!
Another great way to save is, to use a secret santa method, or white elephant method. This is great for larger families, and can save them time and money. There are also some excellent rebate sites where you get cash back after your purchases. This is why it is best to research gifts prior to heading out to the stores. If you are able to get the item on a rebate site, the savings can end up being huge, and you avoid the busy stores during holiday season!
You could also consider giving handmade gifts. Not only does this save you a lot of money, but handmade gifts tend to be much more sentimental. This article shares 55 creative gift ideas that can be made by hand. They may take some time to complete, but you can really save money in the long run. Check out the graphic below for some additional tips, and statistics around holiday shopping.
These are perfect ways to save money during the holidays. Thank you for sharing this wonderful post.
Oh no! That was totally awesome! I really love the creativity and the handmade gifts are something special for me. Love your idea!!
Seriously I’m surprised with these numbers! I loved the secret santa idea, I’ll share it with my friends
Oh God, these numbers are unbelievable. Had no idea of this kind of situation. Great post, thanks for sharing.
My favorite way to save money is I start buying for Christmas during the year when things go on sale too.
OMG these numbers are scary. I budgeted my tail off for Christmas so that we weren’t apart of this statistic. $300 got my family of 7 adults and 4 kids gifts plus all of our traditions. Soooooo much work, but it was worth it! I love the idea of secret santa though <3
We do a gift exchange draw with my husbands family since he is one of seven kids. My favorite way to save money is I start buying for Christmas during the year when things go on sale.
Our family talked about doing a Secret Santa or some kind of budget for Christmas next year. All of us are at a point where it’s hard to shop for presents because we just buy what we need when we want it. None of us really care for the present part of it anyway 🙂 We’re having a kiddo this year, though, so I’m sure there will be plenty of presents for her 🙂
I save money during the holidays with the after sales. I stock up on all the deals after christmas.
We do a combo of these. We draw names for family members and then we make gifts. It definitely helps!
All great ideas I’m personally very guilty of buying something impulsively and not checking tags!! I’m learning though lol be using your tips!
I think setting a budget is a wonderful idea. I personally think gift giving has gotten a bit out of hand. We’re always trying to outdo what we did last year and that just leads to debt and disappointment. My family and friends have decided instead of giving gifts, we’re going to give experiences. Whether that’s going on a hike or ice skating or a picnic. Something where we can enjoy each others company and explore!
We use a budget every year and I try so hard to stick to it! Also, my husband’s family always does White Elephant for the adults and it’s pretty fun!
I love the secret santa idea too. I wish I could have done the last year.
Oh I love this! I needed it for sure haha! ❤️
The secret santa idea is perfect for 2019 Christmas! You are right it will save money and create a stress free holiday season!