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How to Save Money on Gift Giving this Christmas

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By phoenix2681
User-Submitted Article
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Ideas on how to save money this Holiday season, especially in time of economic hardship.

Difficulty: Moderate
Instructions
  1. Step 1

    With the unstable economy and the unpredictable stock market, it would be wise this Christmas to cut back on your spending habits. One way in which you can save money is to do a family Pollyanna. Instead of purchasing gifts for Mom, Dad, and all of your brothers, sisters, Aunt Jenny etc, you only have to buy one gift. However, if do have children, by all means give them something, but just not as much as you did in the past. Narrow the children's gifts to maybe one major gift an and few smaller ones including stocking stuffer.

  2. Step 2

    If you are accustomed to entertaining over the holidays, cut back a bit. Aside from having friends and family on Christmas day, eliminate or cut back on the amount of people if planning a New Years Eve Party etc. In addition, if you do end up entertaining guests, have them bring something, most people are more than happy to help out.

  3. Step 3

    Electricity can be costly. If you normally put Christmas Lights outside, try cutting down on the amount of lights you normally use. In addition, it will help to have a timer to turn lights off and on at certain times. If you have a Fireplace, you may want to light it on cold nights. The Fireplace will generate heat that will provide warmth, therefore the heat wont be running as much. Have a Happy Holiday!

Tips & Warnings
  • Saving money this Holiday Season.
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