How to Save Money on Gifts This Holiday Season

45990800 - mother and daughter exchanging christmas gifts

The festive season is upon us and it’s time to get presents for people you care about. While shopping for gifts can be a lot of fun, it can also put you under financial strain if you don’t stay within budget. Is it possible to save on gifts and still spoil your loved ones? Absolutely!

To accomplish the goal, just follow a couple of basic steps for how to save money on gifts this holiday season:

Use Vouchers and Discount Coupons

Using the promotional tools that companies make available to their customers is definitely a great thing to try this year. Gift vouchers and coupons aren’t difficult to come across. While most of them will not lead to serious price reductions, the discounts will add up in the end particularly if you have a long list of people to buy for!

Start Shopping Early

The closer it gets, the more difficult it will be to save on gifts for the holidays. Doing your holiday shopping a few months or even a few weeks in advance will give you access to a bigger pool of possibilities, including many inexpensive gifts.

Re-Gift A Present

There’s still some stigma about re-gifting but it’s actually the perfect way to minimize spending this holiday season. You probably own items you don’t need or have never used. It’s more environmentally-friendly to find them a new home while making someone you love happy. (TIP: When re-gifting, be sure to avoid giving the item to the person who originally gave it to you!)

Homemade Gifts

Giving homemade gifts is a great idea because these can be both inexpensive and personalized, naturally making the present much more sentimental in value. Even if you’re not a skilled DIY-er, you can still make some impressive items. A photo album featuring witty captions and personal photos, baked goods, a picture that you’ve painted or a mixtape can all make anyone feel special this holiday season.

If you want to start your 2017 saving goals off right, check out our blog post on how to save $1,500 in a year.

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