How to Save Money Buying Christmas Gifts

Christmas is a busy time, and if we aren’t careful, it is easy to spend too much money buying gifts. There is no way around the busy part, but the good news is we have some advice on saving money by buying Christmas gifts.

Did you know people spend around 500 billion dollars on Christmas gifts yearly? Well, if that number scares you and you don’t want to be a part of that number, let’s discuss ways to avoid overspending this Christmas. Sound nice? Let’s dive in!

Tips on How To Save Money Buying Christmas Gifts

Saying that these ideas are common sense might be an understatement. The real question is which ones you’ll actually commit to this year. That’s a different story altogether. To help you get started on your journey to save a few pennies—maybe even a few dollars—this year, I’ve put together some simple tips.

Determine & Set a Budget for Christmas gifts

Perhaps the most challenging part of a saving plan is determining your budget and sticking to it! Did you read the second part of that sentence? I know, I know! How can you set a strict budget at Christmas time? After all, it is the giving season.

But here’s the truth: the people who care about you don’t want you to go into debt and buy them a gift!

Setting a budget this year will help you start the new year better, which is a gift you can give yourself! That said, only you can determine how much that budget will be.

Track Spending As You Go

I understand that tracking your spending can be tedious, but the best way to stay within your budget and maintain fairness among relatives is to know what you spent on whom. With everything happening during the holidays, it’s wise to get your thoughts organized and documented. To avoid any confusion, simply keep a record of what gifts you’ve purchased and for whom. It’s really that easy!

This can be as basic as a scrap of paper you keep in your wallet or as sophisticated as an app. For years, I have kept an Excel spreadsheet in which I input what I spent for each person and calculate what was left in my budget.

Some Android apps that track gifts, budgets, and where you stand in the budget are Christmas Gift List (by engApps) and Gift Tracker. The Christmas Gift List for Apple has great reviews.

Coupons, Deals & Steals

When you start Christmas shopping, try looking through magazines and browsing online to find coupons and deals. There really are so many opportunities to save a buck here and there, and they do add up! Even if it means going on certain days or specific times, saving the money will be worth it.

Price Alert Apps

There are a couple of apps that will notify you when a specific item goes on sale.

• CamelCamelCamel: Specializing in Amazon products, CamelCamelCamel tracks price histories and sends alerts when prices drop below your specified threshold. You can view historical pricing trends to determine the best time to purchase.
• Honey: In addition to automatically applying coupon codes at checkout, Honey offers a “Droplist” feature. Add items to your Droplist, and Honey will notify you when their prices drop. It’s compatible with a variety of online retailers, including Amazon.
• Keepa: An advanced Amazon price tracker, Keepa provides detailed price history charts and alerts for price drops. It supports multiple currencies, benefiting international shoppers. Keepa also tracks prices from third-party sellers on Amazon.
• Slickdeals: A community-driven platform where users share deals and discounts. You can set up deal alerts for specific products or categories, receiving notifications when a matching deal is posted. Slickdeals covers a wide range of retailers and products.
• Shop It To Me: Focused on clothing, shoes, and accessories, Shop It To Me allows you to select your favorite brands and sizes. It then sends personalized sale alerts when items matching your preferences go on sale.
• Google Shopping: Google has introduced features that provide pricing information across different retailers, including price trends over the past 90 days and price drop alerts. These updates are available in the U.S., helping users find the best deals.
• Capital One Shopping: Previously known as Paribus, this extension monitors your online purchases and helps you get refunds if the price drops after your purchase. It scans your email receipts and negotiates with retailers on your behalf.
• Pricesaurus: This tool allows you to track up to 10 products, sending alerts through channels like email, SMS, and WhatsApp when prices drop. It performs twice-daily price checks to keep you informed.

Shop on Black Friday and Cyber Monday

I know this one can be controversial because of the hectic traffic, early hours, and pushy crowds. Still, you might get a fantastic deal on something that is usually a lot more expensive during the year. Then, make it fun by going with a group of family or friends. I’ve even seen some people make matching shirts, stop for a coffee and a small breakfast, and take on the morning. 

I know it might sound like a long day, but most people stop shopping around 8 a.m. Then you have the rest of the day to clean up after Thanksgiving or organize your gift haul. Or better yet, take a nap!

If you are not up for Black Friday, stay in your jim-jams and do your shopping on Cyber Monday!

Use Cash $ When You Shop

When you head out to shop and feel you lack discipline, take the money you’ve set aside for gifts and pull it out in cash! You could go a step further and put the money for each recipient into a separate envelope.

Sign Up For a Cash-Back Account

I use Rakuten when I shop with certain retailers online. In the ten years I’ve been using Rakuten, I’ve earned over $1,100 back in cash. Each quarter I get a little deposit in my Paypal account. It’s a nice little bonus.

You could even add that little quarterly bonus to your Christmas gift account!

Start Off Next Holiday with Money in the Bank!

If you are tired of stressing out come November, maybe start putting money aside in January. All year set aside your extra cash and watch it build up as Christmas gets closer. 

To better understand what you need to set aside, look at your spending from last year– all around– on gifts, leisure activities, coffee, eating out, and more. See where you can cut back and then add that money to the Christmas fund.

In addition, set a goal you want to reach by Christmas if you decide to set aside a certain amount each month. Say $50 to 80 dollars a month, and then multiply that by 12 to see where you could end up if you start at the beginning of the year, right after Christmas. It is actually quite encouraging!

Then you will have that money to spend on Christmas gifts without guilt! And that money won’t be coming out of your daily operating bank account. Your stress will be lower in knowing that money is set aside and ready for those unique gifts.

Shop All Year

By setting aside money all year, you’ll have the funds to start shopping when you see something you know Aunt Susan will LOVE!

How to Save Money: Creative Ideas for Gifting

Sometimes you need to get creative when cutting corners on spending. And that is just fine with me! I love to make gifts and come up with new helpful ideas, as you can tell. So, here are a few more ways to spend a little less this year.

Secret Santa!

You have probably heard of this one.

We did this for years with the adults in my husband’s family. We were each randomly assigned another adult for whom to buy a gift.

This is a fun way of gift-giving because you don’t have to stress too much about picking out so many gifts for so many different people. Simply draw one name, focus on that person, and consider what they will love.

This is also excellent for young families, college student gatherings, office parties, and more!

Thrift Gifts

If you are a creative person, thrifting gifts will be easy and fun for you to do. Those with this talent can look at something and automatically see something beautiful coming to life. Not to mention, many people enjoy this type of thoughtful gift.

Thrifted examples may include:

• Spare sauce jar with a cookie or quick bread ingredients.
• Easy to make Vanilla Fleur de Sel
• Easy to make Rosemary Fleur de Sel
• Vintage records
• Vintage books
• Restore a piece of furniture
• Take a seedling or cutting from your plant and put it in a lovely pot

Homemade Gifts

Handmade gifts don’t have to be necklaces made out of pasta! (not that I’m knocking pasta necklaces! Especially the ones dyed with food color.)

Use the skills you have (or want to learn) to make something special for someone!

Handmade Gift Examples:

• Crochet and knit blankets, beanies, potholders
• Tie Turk’s Head Knot Coasters
• Bake Cookies, cakes, and more holiday delights
• Knit Christmas stockings 
• Sew a microwavable neck warmer.
• Stamp Napkins or a table runner
• Here’s a A variety of handmade gift ideas
• Why not make your own gift bags that will be keepsakes for the recipients for years to come? Great idea, if I do say so myself.
• make sure to nab these free gift tags for your handmade gifts.

Give the Gift of Time

I love this idea!

• I mentioned earlier about our Secret Santa gift exchange. One year, I drew one of my sisters-in-law’s names, who I knew wanted to, but was stymied by the whole process of decluttering. My gift to her was that I traveled to her home, and we spent the weekend decluttering a couple of rooms in their home.

• If you have a skill that you know someone wants to learn, give ‘a coupon’ for a couple of lessons. A couple of ideas: knitting, crocheting, embroidery, sewing, furniture refinishing, cooking, canning, painting, how to make a pie, etc… The list is endless. What skills do you have?

• What about giving the gift of gardening? Pulling weeds?

• Babysitting? Errand Running?

Truly the list of things you could do is endless.

Recycle your Gift Wrap & Ribbon to Save Money at Christmas

Our family has been trained over many years to unwrap our gifts carefully so that my mom can reuse the wrapping paper! It’s really not hard; just slide your fingers under the seam where the tape is.

The same with ribbon. We ease it off the packages carefully.

Not only does this save money on buying gift wrap and ribbon, but it makes the whole gift unwrapping process last longer, which makes Christmas morning last longer…which is a good and wonderful thing.

Happy Gifting and Happy Holidays To You

Less stress and some saved money are gifts you can give yourself this year and all year, for that matter. So, thank you for following along; I know you will do great!

I hope these ideas and recommendations have helped you learn creative ways to save money by buying Christmas gifts. If you think of other ideas, please share them with me! I’d love to hear what you took away from this article. 

Enjoy the holidays and Merry Christmas!

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Thanks for making my day by SHARING!!