Things You'll Need:
- Gift list
- Shopping ads
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Step 1
Make a gift recipient list and organize it into groups based on expected expense, gift type and/or priority. For instance, separate loved ones from neighbors and co-workers.
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Step 2
Start with a budget and keep your list updated as circumstances change or when a gift is purchased. Save this gift list to add notes to and make money-saving decisions based on the subsequent steps.
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Step 3
Consider which people you can buy for in bulk. You can spend less during the holidays by buying in bulk and then adding a personalized touch to the gift later. This saves money and works well for items like gift baskets and food.
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Step 4
Confer with other families with whom you typically exchange gifts as to mutual ways to save money on the holidays, such as skipping gifts for adults. Talk to people early to give them plenty of notice of your plan.
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Step 5
Comparison-shop both online and off year-around when you have time--this can often help you spend less during the holidays when you're in a rush and are forced to buy the first thing you see. Consider not only off-season and seasonal sales, but also any savings on tax, shipping and gasoline.
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Step 6
Consider a family party that focuses on food, fun and memories rather than expensive gifts. If you feel some kind of gift is necessary, make them white elephant gifts, stocking stuffers or inexpensive homemade gifts, which give people something to open and enjoy without the expense.
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Step 7
Shop discount stores. Look for inexpensive items that shine as gifts when a homemade touch is added. Items like candles, vases, bath products, picture frames, small kitchen supplies and stationary are just a sampling of gifts that can be purchased for pennies on the dollar at discount stores. Mix-and-match these with more expensive items, if desired.
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Step 8
Replace expensive gift wrapping with craft paper or recycled paper and use ribbon or string rather than bows. For more creative touches, decorate the paper with anything from stamps to stickers--or have your kids do it. Instead of store-bought cards, consider a family newsletter or photo greeting that you can distribute electronically.
Comments
vikki9 said
on 7/21/2008 Economical suggestions - thank you!