Thanksgiving through New Year's day marks the traditional American holiday season. For many, that time is stressful because of the expenses associated with the celebrations. If you are old enough to realize that Santa Claus is not real and it is up to you to fill the stockings of your friends and family then there are tons of ways to enjoy the holidays on a budget:
- Make a Shopping List: Money is tight for nearly everyone these days so making a budget and sticking to it will make your task easier. Additionally, feel free to ask intended gift recipient if they are on board with a gift exchange as they may just want to share some holiday cheer with you instead.
- Set a Limit: Gift giving can be awkward if the value of the gift received far exceeds the value of the gift given, and visa-versa. By having an open conversation with your regular list of gift exchangers, you can put a cap on the spending so the amount is comfortable to all involved. If cash is exceptional tight, you can also request a handmade holiday this year.
- Go Handmade: Are you a crafty person with skills in jewelry design, art, baking or knitting? Making gifts for those you care about will not only express your feelings, but will also allow you to tap into the right side of your brain.
- Comparison Shop: Since many retailers are already planning for a dismal holiday season, sales and discounts have already begun. Whether you want to visit the mall or save time and effort by comparison online shopping making the effort will save you cash
- Buy Online: Speaking of online shopping, did you know that if you purchase an item from a retailer that does not have a brick and mortar store in your state, you will not be charged sales tax?
- Secret Santa: Practically everyone has participated in a Secret Santa gift exchange at work. It is also a perfectly acceptable option for those with large families or a big group of friends to do the same. As long as everyone in the group is happy to participate and a reasonable gift value limit is set it can be great and economical fun.
- A Day of Charity: The greatest gift you can give anyone is your time. By giving your friends or family a day of free housecleaning, weekend of baby sitting or guaranteed Friday night dinners for a month, you can strengthen your relationship within your budget.
By following these cash saving tips by January 1 you should have amassed enough savings to prepare properly for next year. By taking some of that spare cash and investing it into a Christmas Club you will have the money already allotted for next years festivities.
Plus, after December 26 make sure to stock up on all the decorations, wrapping, bows, tinsel and holiday cards for next year. Retailers will be cleaning out that merchandise at rock bottom prices.