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10 Ways To Save Money On Holiday Gifts

The weather is getting colder, but the hearts are getting warmer as the gift-giving of the holiday season has just begun. However, these warm hearts might turn your banks cold because due to inflation, the prices of different products are expected to rise during the holiday season, making it difficult to buy precious gifts for your loved ones. An average shopper spends around $1000 during the holiday season, which might sound like a lot, to be spent on holiday gifts. But you don’t have to be a miser to save money on holiday gifts. You can still buy your loved one's holiday gifts that they would cherish without spending a month’s worth of your income. In this article, we will delve into strategies and tips that can help you save money on holiday gifts, without minimizing the festive spirit. So follow this guide to cut back your expenses, and find holiday gifts on a budget in 2023.

1. Set a budget (and stick to it):

The most important thing when trying to save bucks on shopping is to create a budget. It might seem like an easy task, but sticking to it is a real challenge, especially while saving money on gifts. You will undoubtedly overspend if you don't have a budget. It is easy to slip through the cracks unless you have created a well-thought-out and well-managed budget. First of all, list out the name of everyone you want to buy gifts for, along with the amount you want to spend on each one of them. Add the total dollar amount and this would be your budget. Also, consider mentioning the store or place you want to buy the gift from. 
This list will give you insights into how much you can afford and how much you are willing to spend. Rather than overspending, decide on a maximum spending amount that you can either immediately save up or already have. 

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2. Shop ahead:

Planning ahead is another helpful technique to help you save money on gifts this holiday season. The saying ‘the early bird gets the worm’ fits perfectly in this situation. Everybody is in a hurry during the holiday season, especially on Christmas Eve to buy last-minute gifts for their friends and family. It can result in impulsive buying, which allows sellers to exploit them by increasing the prices of products. That’s why, if you are looking to get holiday gifts on a budget, you must shop ahead before all good products run out of stock, or are sold twice or thrice of their original price. Black Friday and Cyber Monday are perfect opportunities to buy gifts at lower prices before the holidays arrive, you can easily find coupon codes on gifts.

3. Compare prices:

You can also save money on gifts this holiday season by comparing prices. Refrain from purchasing the first present you come across. Find the greatest offers like Christmas offers by shopping around and comparing costs from several retailers, both online and offline. To stay informed about price changes and to be notified when a desired item is on sale, you may choose to use free third-party applications. Or look for the product you're interested in using a reverse image search. Applications search the internet for things that resemble each other and inform you of the price differences between lookalikes and the original item. By comparing prices, you can ensure that you are getting the best possible offer and saving as much money as you can.

4. DIY gifts:

You can make your loved ones feel special and cherished this holiday season without spending big bucks, by making them DIY gifts. DIY gifts create a personal connection between the gift giver and taker. Think about creating homemade presents like crafts, baked products, or picture albums with your photos. Gifts produced by hand may be cheap and heartfelt. Utilize your crafting skills to make a special present for your loved ones. Crochet a sweater, put together a mixed tape, and design a dress; with love, kindness, and care. These gifts can go a long way with your beloveds.

5. Don’t buy expensive wrapping paper:

You can save money on gifts by skipping gift wraps. Wrapping paper can take up a huge part of your gift budget, especially during the holiday season. wrapping paper is not very important when you are considering buying gifts for many people. People don’t even seem to care for wrapping when they open a gift. Look for possible discounts at dollar stores on tags, wrapping paper, gift bags, and ribbons. Alternatively, use construction paper, newspapers, magazines, or catalogues to create your own paper. Additionally, make it a practice to save the ribbons and bags that come with gifts. In this manner, you'll be able to wrap gifts for the upcoming holiday season for nothing, and you'll also be helping the environment.

6. Use coupons and discounts:

The best way to save money on holiday gifts is by paying less for them than it actually costs, by using coupons and discounts. To increase their sales, businesses and stores usually offer big discounts and coupons during the holiday season. If you are shopping online, then you must try coupon websites like EMUCoupon.com. This is a website that provides coupons, discounts, and promo codes on anything that can bought online. You can find multiple gift options like clothing, accessories, beauty products, tech gadgets, etc. Just look for the gift you intend to buy, copy the promo code, and paste it on the checkout page, and you will receive the discount. 

7. Draw names/ Secret Santa:

Another way to get save money on gifts this holiday season is by reducing the burden on everyone by drawing names. If your family or circle of friends is big, have each individual choose one name from a hat or a bowl. You may then invest your money, time, and effort in purchasing a thoughtful, well-made gift for that one special someone. To help you buy fewer gifts, suggest a gift exchange or Secret Santa to your family and friends. Everyone gets something unique and just needs to purchase one present in this way. Secret Santa is also a fun game that can lighten up the spirits of a Christmas party as people try to guess who picked whom and get surprised when they find out.

8. Use old gift cards:

You can buy cheap gifts this holiday season by utilizing the old gift cards you have never used. An average consumer has over $150 worth of unused gift cards. You can use these unused gift cards to buy holiday gifts. Try to use yours for buying gifts, particularly if the gift cards are for outlets you don't often use. They may be the ideal method to purchase a gift for almost nothing and stretch your holiday spending budget. Consider re-gifting new or gently used goods that you have received as presents to someone who would value them if you don't need them.

9. in bulk To Save money on holiday gifts:

Purchasing the same or comparable things for several recipients might result in cost savings when buying presents in bulk. Bulk purchasing is an affordable choice for Christmas gift-giving since retailers frequently give discounts or decrease per-unit rates. When purchasing products such as candles, mugs, or snacks that are appropriate for several individuals on your list, this strategy is very helpful. However, it's essential to be selective and ensure that the bulk-purchased gifts are relevant to your recipients' preferences and needs. While buying in bulk can be a money-saving strategy, remember that personalized and thoughtful gifts may not always come in bulk, so a balanced approach to gift shopping is often the most practical.

10. Post early and cheap:

Save money on holiday gifts by mailing them early to faraway friends and family. Shipping delays and increased costs may occur during the busy holiday shipping season. Giving early gifts can save you money on expedited shipping costs and ensure that your present arrives on schedule. Take the time to find the free shipping option for each of your parcels; based on the package's specifications, various suppliers may offer varying costs. Recall that USPS priority mail flat rate boxes and envelopes, which are an excellent choice for bulkier gifts, ship for a fixed price to any location in the US for packages weighing 70 pounds or less.

Be flexible:

Unless a friend or family member has asked you for a specific gift, be flexible in buying gifts for them. Look for anything good at a reasonable price so it will help you get inexpensive holiday gifts. Keep in mind that the consideration and work you put into selecting presents are more important than their cost. 

In conclusion, you don’t have to break the bank to make your loved ones feel special this holiday season. You can still keep the flame of holiday spirits alive by gifting them their favorite products. You can enjoy the Christmas season without worrying about going over budget on gifts by using these money-saving suggestions.

Published on: November 10, 2023

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