Sticking to your holiday budget is key. Here are ways to save money on Christmas expenses.
The best way to avoid debt and save money on holiday season spending is to plan ahead. Save a little each month toward the holidays, or start buying gifts early. But sometimes, time flies by and all of a sudden the holiday season is in full swing.
Panic sets in, the annual tradition of spending is in full swing, followed by high credit card balances in the New Year. Here are 8 ways to save money on Christmas expenses.
Here are a few other holiday posts you might enjoy:
- How to Decorate for Christmas on a Budget
- Let to Santa Claus Printable
- Holiday Cleaning: Your 7-Day Holiday Cleaning Plan
Ways to save money on Christmas expenses:
money saving tips #1: Minimalize
Save money on Christmas expenses by avoiding to buying more holiday decorations. It’s fine to have a simpler look; to update current decorations, consider inexpensive handmade decorations or upcycling vintage items.
If you’re wondering how to save money easily, the first thing you need to do is know how to balance your budget.
money saving tips #2: Use online resources
Save on Christmas cards by sending electronic cards to some recipients. Many people don’t mind getting cards via email instead of hard copies. Handmade cards are another option that saves some money.
They money that you’ll save will be a great way to save up some extra money during this time of the year.
money saving tips #3: Trust your own skills
Save money this Christmas by being wary of mall Santa Claus Christmas picture packages. Many of them don’t allow parents to take pictures, and instead, charge fees for taking photographs.
Opt for the least expensive package, or avoid the photos altogether. Take shots of the kids in front of the Christmas tree and use those for your annual cards, or take a picture yourself with a less commercial Santa at a church or community gathering.
money saving tips #4: Limit gifts
Save money on Christmas expenses by stopping the tradition of giving to members of a large or extended family. It may be embarrassing, but in most people will understand – in fact, they may be feeling the crunch of hard economic times too, and will welcome a chance to save some money.
Suggest a gift exchange, where each family member draws a name of another and only gives to that person, or another method, like an exchange where everyone brings one gift and others choose which they want. At the very least, discuss limiting how much is spent on gifts.
money saving tips #5: Give needs
Cut back on small items and stocking stuffers. Give only a few low costs, needed items, or give handmade gifts or baked goods that you can make in bulk. This is a simple way to save money on Christmas expenses. Go for stuffing stockings with socks, pj’s, and other items that might be on your children’s need list.
money saving tips #6: Shop online
Stick to buying gifts only. Holiday sales are tempting, and most people end up buying a lot of things for themselves along with gifts. Shop online if it helps to resist the temptation of holiday sales.
Holiday money-saving tips #7: Give experiences
For spouse Christmas gifts, buy something for the home instead of gifts for each other. Another idea is to put money that would be spent on gifts toward a future vacation or outing together.
Remember to give experiences when possible! They’re always what everyone will remember over and gift.
Holiday money-saving tips #8: Gift your time
Save money on Christmas expenses by giving Christmas gifts of time or a service. Make up coupons for family members that give them services – such as house cleaning, babysitting, or other chores. This is a particularly valuable gift if you have a special skill like the ability to cut hair or fix a computer.
Once the rush and pressure of the holidays are over, it’s time to work on saving money and budgeting for next year. Do this early in the new year to avoid debt and have a worry-free holiday season next year.
Remember that the reason for the season isn’t all about spending money. In fact, saving money isn’t that hard to do. Just remember these easy money-saving tips and you’ll find that the holiday season doesn’t have to be painful on your wallet.
I hope that these 8 examples of how to save money on holiday expenses will help you stick to your holiday budget this year.
Do you have any money saving holiday tips to share?
Thank you so much for stopping by. Have an amazing day.