Can you believe it? Christmas will be here in a few weeks. It’s one of my favorite times of the year. I get the chance to relax and spend some quality time with my family. We also get to exchange cool gifts with each other as well. Since I’m getting older, I’m just happy to still receive a few gifts here and there. Most of my family members feel the same way. We really enjoy this time together. Sometimes families can a go a little overboard with their Christmas gift purchases. They may get expensive gifts and they end up still paying for them come March. That’s not financially smart. In today’s post, I will be sharing a few tips that will help you save money while shopping for Christmas gifts.
The 1st thing that you can do is to create a budget for your Christmas shopping. The budget should depend on how much money you’re currently making. Once you reach that budget you can’t buy any more gifts. That may take some discipline, but it can be done. The key is not to go broke or get in debt due to Christmas shopping. One of the worst things that you can do is start the new year in a hole.
Some families are so large that they have to pick names. Picking names consist of writing the name of each family member on small separate sheets of paper. The pieces of paper are then put into a hat or bucket. Each member of the family then draws someone’s name and gets them a Christmas gift. Imagine having a family where you have 8 siblings. It could be tough financially trying to get them all nice gifts. By drawing names, you only have to worry about one or two people. That will be much better on your wallet.
Shop throughout the year
Some people shop throughout the year for Christmas. This is actually a great idea. Stores have many different sales through the year. If you grab things during the year you won’t have to worry about dealing with Christmas crowds at many stores. That’s better than running around town and getting stressed out.
Ask people what they want
I will be the 1st to admit that I’ve wasted money in the past by just buying random gifts for people. I’m sure some of the things I purchased in the past are collecting dust in their closets. To save time and money, you can ask people what they want this year for Christmas. I actually did this last year. I’m usually a last-minute shopper, but I finished my shopping early and I still had a good amount of money left over. You may be surprised at some of the simple and inexpensive things that people want.
Buy 1 gift per person
If you really want to save money this Christmas, buy everyone one gift. This will make your shopping go much faster and quicker. This is what I plan to do this Christmas. Getting people one gift will save me a lot of money. Christmas shouldn’t be about gifts anyway. It should be about spending time with your loved ones.
How do you save money on Christmas shopping?