There are some very well know ways to save on holiday gifts such as hitting up Black Friday and Cyber Monday, price-matching and watching the sales, but there are some very infrequently used methods to save even more. When it comes to saving money on holiday gifts, you really have find ways to think outside the box. Here are some lesser-known ways to save money on holiday gifts.
Lesser-Known Ways to Save on Holiday Gifts
Buy last year’s popular gifts. Many times, especially with things like electronics, things change quickly in a matter of months. This means last year’s big gifts may be heavily discounted now. For someone who is not extra picky about having the latest model, this can be a great way to save money.
Get creative with homemade gifts. While making something homemade is certainly not a new concept, maybe saving money on the materials by purchasing used can be. If you plan on crocheting or knitting a gift, buy a sweater from a thrift store and use the yarn to make your gift. While you are there, look in the craft section and see what you can come up with. Here are 7 reasons to give homemade gifts.
Homemade Gift Ideas
Enter giveaways. Blogs, websites and even company Facebook pages have lots of giveaways this time of year. Enter some of them and you could get some great gifts for free for your family and friends.
Buy from places no one thinks of. Your grocery store, ethnic market and thrift shop never see anyone buying gifts on their shelves during the holiday season. These are great places to buy low cost gifts and you can often get something very unique there as well while avoiding the huge crowds. Some ethnic food stores have awesome deals on imported plates, cookware and even gift baskets. Here are some Thrift Store Christmas Gift Ideas.
Give what you already have. Are you living in a house full of plants? Do you know others that love plants like you do? Buy some low cost (on clearance this time of year!) pots and start offshoots of the plants you have for others. This gift is practically free and they can enjoy it for years to come.
Do a different kind of gift exchange. Rather than the traditional family secret Santa where each family member draws another’s name in a hat, try to find a way to make things different and lower cost such as only doing kids or setting a limit on the amount that can be spent. Maybe doing a get-together where everyone swaps things they no longer need would be welcome and everyone benefits and gets something “new”. You can find more low-cost gift exchange ideas here.
Do gift exchanges AFTER the holidays. The day of Christmas is really just that; a date on the calendar. The spirit of Christmas is the season. Why not plan to spend the day of Christmas with your immediate family and make plans to get others gifts after Christmas during the massive after the holidays sales. If you have older children or teens, they may even be willing to go on a shopping spree the week after Christmas rather than get a ton of gifts before.
Consider making an inexpensive tradition that you can do every year. For example, Christmas ornaments are usually low cost and giving one to nieces and nephews or even adults you buy for every year can be a wonderful way to make sure everyone gets something from you without feeling the pressure to buy something expensive for everyone. Most ornaments can be bought for less than $5 each.
What are some ways you save money on holiday gifts? Let me know in the comments!