With the start of the holiday season just around the corner, it’s time to start thinking about what you’re going to buy your family and friends for Christmas.
And while many people love this time of year because it’s a time for giving and spending quality time with loved ones, it can also be very expensive. If you are on a budget, it’s important to save money when buying presents. Below are some practical tips on how to save money during this festive season.
Guide To Saving Money When Buying Christmas Gifts
One way to save up for Christmas is by waiting until after Black Friday and Cyber Monday, as all online retailers will have amazing sales and discounts available. Making it the perfect time to save money when purchasing gifts, as you’ll be able to buy everything you want to, whilst saving money versus the prices you’d pay when they’re not on sale.
It’s important to remember it’s never too early to start saving for Christmas. The earlier you start saving, the better. I start my Christmas saving in January each year, and put away a little each month.
Which is so much better than waiting until October or November and having to splash out on gifts, food and festivities with just one pay packet. I know it won’t help you now, in saving money for gifts, but it’s something to consider, as you barely notice the amount you stash away each month, whereas you definitely do when you have to do it all in one go.
Tapping into the tip about sales. One recommendation is taking advantage of sales at retailers throughout the year, especially after Christmas, when many gift sets are half price, and you can stash them away until next Christmas, or for birthdays throughout the year.
One massive money saving tip when purchasing Christmas gifts, is having “the talk” with your friends and family. It can be very expensive to exchange gifts with everyone, but you could raise the subject of you not exchanging gifts, so you both don’t have the outlay of buying gifts.
Instead, as a family, you could do a secret Santa instead, where all the names of the friendship group / family are put into a hat, and you then purchase a gift/s for that member you’ve been paired with. It means you only need to buy for one person, and there’s no awkwardness of worrying about spending enough on everyone.
If you want to save money on Christmas gifts, it’s a great idea to try making homemade gifts instead. Pinterest is a goldmine of information, giving you ideas on DIY Christmas gifts, from DIY candy cane body scrubs, homemade lip balms, and self-made candles. You can find tutorials for anything, and homemade gifts show how much you care so they’re always a nice idea.
Christmas doesn’t have to be stressful, and there are ways in which we can save money, but the key is planning ahead, and ensuring you are organised with your gift budget, your gift stash and your plans with gifting arrangements with loved ones. pi