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You are here: Home / Deals / Tips for Saving Money on Holiday Gifts

Tips for Saving Money on Holiday Gifts

November 16, 2018 by Alea Milham 1 Comment

This post may contain affiliate links. Read our disclosure policy here.
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These tips for saving money on holiday gifts will help you stick to your budget this year.
Saving money on holiday gifts
Last year American families spent an average of $700.00 on Christmas gifts. If you were one of those families, I’m going to try to help you lower your expenses this year with these tips for saving money on holiday gifts.

Tips for Saving Money on Holiday Gifts

I recommend making a budget. You are less likely to succumb to impulse buys if you have a budget and a plan. Set a total amount. Make a list of people that you wish to buy presents for, then divide the amount that you have budgeted over your list of recipients.

If you need to cut back, make it known. Don’t let guilt, fear, or embarrassment cause you to make poor financial decisions.  Make suggestions for ways to cut back and you may find that friends and family are grateful to you. Some ideas:

  • Draw names instead of buying for every family member.
  • Only buy gifts for the children.
  • Set a dollar amount.
  • Buy a group gift for the families on your list, like a game they can play together, instead of individual gifts.
If you do face any pressure from friends or family to spend at past levels, keep your reasons simple and your explanations short: “That’s not in our budget this year”, “We can’t do that this year”, etc. And keep repeating your mantra, instead of arguing your point. Everybody has setbacks from time to time, think of this as your opportunity to be a role model.

You don’t have to buy all of your gifts at the mall!

Give Homemade Candy – or baked goods or homemade jam or…What do you make that your friends love? Consider gifting that item, especially to people who already have everything they need. Here is a homemade candy round-up for inspiration.

Give a Handmade Gift – My mother-in-law was thrilled with the set of note cards I made from my kids’ artwork. I’ve also made sugar bowl candles and coasters from tiles. Visit The Happy Housewife for a round-up of homemade Christmas gift tutorials.

Give the Gift of Service – I would love a coupon for babysitting!  Think about the people on your list, is there something that you can do for them that would be a more meaningful gift than a store-bought present? If so, then create a certificate on your computer, print it out, and wrap it up.

Buy a Gently Used Item – Thrift stores, consignment stores, and eBay are all great places to find unique and inexpensive items.

Saving Tips for Shopping Online:

Before shopping online, search for coupon codes for the item, brand, or store. I have added a Coupon Code Database to the toolbar at the top of my blog (it is the button next to the Home button).

Group your purchases to save on shipping. Many businesses offer free shipping if you spend over a certain dollar amount. Use your list to organize your purchases into as few online businesses as possible to save money on shipping.

Don’t forget about Cyber Monday.  Online retailers will have lots of great deals on that day. It will be a good day to save money on electronics, toys, games, apparel, and books.

If you take your time finding gifts, don’t forget that December 14th is Free Shipping Friday. Many online businesses will offer free shipping on that day and guarantee arrival by December 24th. After that, you will need to factor in the cost of priority shipping into your purchases.

Tips for Black Friday and Small Business Saturday:

Don’t go shopping without a list! Buy a local paper or check online for Black Friday sales. Know what you want, where, and at what price and you will be less likely to get sidetracked from your plan and more importantly, your budget.

Bring a water bottle and a snack with you when you go shopping. Eating out adds to the expense of the shopping trip.

Wear comfortable shoes.

Park near where you plan to exit at the mall, rather than where you want to enter. I prefer to do the long walk with empty hands, rather than when tired and loaded down with purchases.

If you can get your hands on a stroller bring it but leave the children at home. I always end up picking up odd shaped or heavy items, so the stroller really comes in handy. Black Friday and Small Business Saturday can be crowded, stressful events; I do not recommend subjecting young children to them.

But most importantly remember, store-bought gifts are not an essential part of celebrating Christmas! They are nice but completely optional!

How to Save Money on Holiday Gifts

More Tips for Saving Money on Holiday Gifts:

  • Tips for Saving Money on Holiday Gift Purchases
  • How to Find the Best Deals on Black Friday
  • 15 DIY Christmas Gift Ideas
  • 8 Things to Avoid Buying on Black Friday
  • How to Save Money Shopping on Cyber Monday
  • Black Friday Sales Tip: Shop Online on Thanksgiving Instead!
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About Alea Milham

Alea Milham is the owner of Premeditated Leftovers and the author of Prep-Ahead Meals from Scatch. She shares her tips for saving money and time while reducing waste in her home. Her favorite hobby, gardening, is a frugal source of organic produce for her recipes. She believes it is possible to live fully and eat well while spending less.

Comments

  1. Samantha says

    November 2, 2013 at 5:26 pm

    Thanks for these great (practical) ideas!

    Reply

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Welcome. I'm Alea!

On Premeditated Leftovers I share simple recipes made with whole foods, practical shopping tips, time saving techniques, and meal planning strategies. I also share tips for minimizing food waste, so more of the food that is purchased ends up on the table.

While volunteering as a budget counselor, I realized that food is the element of most people’s budgets where they have the greatest control. I set out to develop low-cost recipes from scratch to prove it’s possible to create delicious meals on a limited budget. Eating well while spending less is about more than just creating recipes using inexpensive ingredients; it’s about creatively combining ingredients so you don’t feel deprived and are inspired to stick to your budget.

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