Wait for the Deals
Those who wait to shop for their Christmas gifts at the last minute can end up spending more. Make a list of items that you want to purchase several months in advance, which will allow you to have the time to look for deals or discounts that may come up on specific items that you want to purchase over the months. By waiting until clothing items or toys are on sale, you can save hundreds of dollars during the process while also avoiding the last-minute rush.
Shop Through a Cashback Website
Cashback websites are increasing in popularity due to the recent surge in online sales around the holiday season. By shopping through a cashback website, you can obtain cash back on various items that you already plan to purchase on major retailers’ websites. Your cash back can add up to hundreds of dollars over the holiday season and will significantly reduce how much you spend on the gifts that you purchase.
Set a Budget
It can be easy to go overboard with how much you spend when you’re picking out gifts for those you love. To avoid overspending, make it a point to set a budget and determine how much you can afford to spend on each family member or friend. This will help you to stay within your budget and establish a limit on the cost of giving gifts.
Look for Coupons
From baking desserts to holiday hams, there are a number of expenses associated with cooking during the season and all of the ingredients you’ll need to purchase. Save money on your groceries by purchasing your local Sunday newspaper, which contains inserts with coupons on food and household items. You can combine these with store coupons for additional savings that will save you money as you host parties or cook family dinners.
If you’re planning on hosting a party, you can also consider making it a potluck to have your guests pitch in and bring a dish to cut down on the amount of food that you need to prepare or purchase yourself.
Do Secret Santa
If you have a large family or group of friends, suggest doing Secret Santa and pulling names from a hat when it comes to giving gifts to one another. This will allow you to purchase one gift instead of a dozen for hundreds of dollars in savings that will also allow you to spend less time shopping. If you prefer to give or receive a gift from multiple people, set a dollar amount on how much everyone can spend to stay within a budget and avoid excess spending.
Take Advantage of Price Matching Offers
Around the holidays, major retailers often increase their competition to get customers in the door. This includes offering price matching for items that are sold at a lower price through other stores. If you find that an item is cheaper online or through another retailer, you can present the lower price to various stores and pay less than what they’re selling it for.
Enjoy Free Activities
Instead of spending money on seeing Christmas plays or holiday performances, choose free activities that are just as fun. Spend the day sledding, going Christmas caroling, or making holiday crafts. You’ll be able to enjoy the season without having to stay cooped up indoors just to save money.