Christmas is coming up and the shopping season has kicked off in full force. As the theme of the Canadian Tour of Personal Finance Blogs is saving during Christmas, this post is about how I save money during the Christmas shopping/holiday season.
What are some ways to save money during Christmas?
- Set a budget of how much you are willing to spend on Christmas gifts and stick to it. You'll be surprised how much you can control your spending by simply setting a goal.
- Instead of buying an extravagant gift for your spouse, how about going in on a gift for the house instead that will benefit you both?
- If you have kids, buy them one item from their letter to Santa instead of every item. Spoiled kids don't make happier kids.
- If you have a lot of siblings/friends, instead of buying gifts for all of them, why not get together and have a secret Santa type system. That way, you'll only have to buy a gift for 1 sibling/friend instead of many. Also, set an agreed upon price limit to the gift.
- If you have a crafty/artistic/baker side, how about making a gift instead of buying one? It may take a bit more time, but the gift will mean a lot more.
- Instead of buying a $40 real tree every year, try a quality plastic tree for $80-100 and keep it for as long as you can. Or even better, go out and cut down your own tree.
- If you decorate your house with Christmas lights, use LED lights to reduce your light bill.
Those are some ways that I save money during Christmas. Do you have anything to add?