Each year around this time millions of Americans are at the malls looking for just the right present for their friends, co-workers and family. Christmas presents are budget-busters because you generally don’t have a spot in your budget for gift-giving. While I can’t help you decide on what to buy, I can however help you save money on your gift giving this holiday season.
Here are 3 ways to save on your gift giving.
Put An End To Expensive Gifts
Haven’t you heard that it’s the thought that counts? Who knows if that’s really true, but don’t think you have to get an expensive present for everyone. Instead, give a meaningful gift rather than a costly one. The receiver of the present will appreciate the fact that you took the time to give them a well thought out present.
You don’t have to shop after Thanksgiving and before Christmas. You always buy presents for mostly the same people every year so you should keep an eye out all year long if you come across something they might want and it’s a great deal.
You might think that the best deals are available during the holiday shopping season, but you’d be mistaken. There are good deals on Black Friday, for example, but only on certain items that are only available in limited quantities. So if you find an amazing deal in June, buy it, hide it and give it on Christmas.
Before you go holiday shopping, make a list just like Santa does. Write down a list of people who will be receiving a present from you this year. Then write a dollar amount next to each person. Typically the closer the person is to you the more expensive of a present you’d buy them. When you add it all up, that is your Christmas budget.
Check off the names from the list and jot down the dollar amount you spent on each person as you continue to buy presents. You can spend a little more (and a little less) on each person as long as you don’t go over your budget.