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Enjoying the Holidays While on a Budget

It’s that time of year again. Malls are crowded, people are running around getting presents for their friends and family. With everyone on your list to buy a gift for, it can get expensive. From baby toys for your newborn niece to a television for your dad, these things can add up to create a large total of money spent. Here are some ways to cut down that amount while still seeing the joy on your loved ones faces.

Create a Budget Depending on Relationship to You

Now, creating a budget may seem like the most obvious way of saving money. And it is. But a way to save money while still giving good gifts is to have a higher or lower budget depending on how close the person is to you. For example, you may spend a larger amount of money for your favorite cousin, while spending half of that for your co-worker who you barely hang out with outside of work.

Make A Gift Rule

When shopping for your kids, it is a little hard to not go all out. Doing this can leave little room for buying gifts for others. This rule is especially good for not spending much money, and teaching children to be grateful, not greedy. For each child, you purchase one gift they want, one gift they need, and one gift to read and/or eat. Sticking to this is helpful for larger families who can’t spend loads of money, and is great for raising kids who are appreciative of what they have.

Handmade Gifts

This seems like another obvious way of saving money, because it is. Not only is hand making gifts good for the bank account, but in most cases, means more to the person receiving the gift. You can use what you already have in your home, or make a quick trip to the store. Here are some ideas:

  • Soap and candle set

  • Sugar scrub/bath salts

  • Scarves/mittens/beanies

  • Homemade soup mixes

  • Customized ornaments

Discount Shops and Gift Cards

Discount stores are a great way to shop for luxury items, at a lower price. This could be the major gift you purchase for someone. Also, gift cards that are personalized and specific to the store that the person your shopping for shops at are great. It’s the perfect idea for if you want to put in thought, but don’t know what to get them.

Whatever you decide, remember the holidays are a special time for family bonding and creating memories.

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