Budgeting Tips

14 Ways To Save Money On Christmas Gifts

Save Money on Christmas Gifts

Actionable tips, tricks and ideas which will help you save money on Christmas gifts this year.

Buying Christmas presents can challenge even the most savvy shopper. It doesn’t have to! Shop smarter this year and follow these 14 tips to save money on gifts.

Can you believe it’s October already? As soon as Halloween is over, thoughts will turn to Christmas and gift giving.

Things might be a little different this year which makes it even more important to save as much as you can on your Christmas gifts.

If possible:

  • Try to put aside a little extra money in the few months before the festive season. This can really help with your Christmas gift budget.
  • Don’t leave your shopping until the last minute.
  • Don’t forget to try and budget for everything; gifts, food, decorations, parties/gatherings and even little things like cards, wrapping paper and tags.
  • Organise, organise and organise some more! The more organised you can be, the easier it is to deal with the pressure of gift buying.

So if you’re ready for money saving ideas then let’s get started…

Set a budget for each person you want to buy for.

By setting a Christmas gift budget, it’s much easier to stay in control of your spending.

Make a list of people you want to buy gifts for and decide roughly how much you would like to spend on each one (or come up with a cost bracket; eg $15-20).

If you know exactly how much you’re willing to spend per gift then you won’t find yourself overwhelmed when you’re at the shops either.

If you do end up spending a little more than you originally intended, don’t be too hard on yourself, just adjust your spending in other areas.

Keep an eye out for gifts throughout the year.

It might seem a bit silly buying a gift in June, but spreading out your Christmas shopping really can help soften the blow to your budget.

So if you spot a good deal or something unique then don’t be afraid to buy it.

Then just stash away any early gifts (preferably all in the same place) but make sure not to forget about your purchases by the time Christmas comes around.

Not only will it save you money but you will save time too. It’s always a nice surprise when you look at your stash only to find that your gift shopping is almost complete!

Put gifts on Layby.

Another way to save money on Christmas gifts before the festive season is to put items on layby in the sales throughout the year. Several of the lager stores (like Kmart and Target) offer this option.

You put down a small deposit for the item initially (usually around 10%) and then just pay off the full amount gradually in instalments. Once the total amount has been paid off, you can collect your layby.

The best sales often aren’t around Christmas time so by getting in early, you can save.

Give a joint gift.

Do you know a couple that love cooking? You could gift them a cooking set of some sort.

Or a mother and daughter who might enjoy a spa day? How about a DIY spa gift box?

A joint gift is a great idea as you can save both money and shopping time. Plus you’re gifting an experience for two!

Don’t waste money on generic throwaway gifts.

Take a little extra time to think about the person you’re buying for.

Try to find something that they will they actually use? Don’t just buy the first gift pack you see.

Maybe they have a particular hobby or interest? A thoughtful gift is money well spent!

Ask for a gift receipt.

Try and remember to ask for a gift receipt when you make your purchase.

That way if your gift isn’t exactly what the recipient wants then they will be able to exchange it for another item.

Don’t be offended if they do want an exchange, at least you know they’ll be happy with whatever they do choose.

Can you re-gift items in some way?

Let’s all be honest – at some point in our lives we’ve been given a dud present. Something we don’t really want or need. Pay it forward, share the love and gift it to someone who will appreciate it.

Obviously, you want the item to be brand new/in a good condition and non-perishable but there’s nothing wrong with re-gifting!

Consider setting up a secret Santa.

If you have a large family or a big friendship group then setting up a secret Santa is a great way to save money on Christmas gifts.

Rather than buying lots of small gifts, you can put far more thought into buying one really nice gift.

It’s a good idea to make sure that everyone agrees on how much you’re going to spend beforehand so that you know your budget.

Get a gift voucher if you’re not sure what they want.

The idea that gift vouchers aren’t really very personal is a little outdated. Now, people are more inclined to be happy with a gift voucher as it means that they can buy exactly what they want.

So it’s definitely money well spent, right?

You don’t have to spend a fortune either, what about buying a voucher for their favourite cafe? Then they can grab a nice coffee and a cake on you!

Handmade cards or gifts.

Who wouldn’t love a handmade card or gift?

There are heaps of simple Christmas DIY gift tutorials online. Plus, it’s often much cheaper if you make something yourself.

Whether it’s getting your children to make something or finding an easy crafty gift, you are guaranteed to end up with something unique!

Do you have anything left from last year?

It’s so easy to forget about all of those other little things like paper, ribbon, gift tags, gift bags…etc etc. Individually they might not cost all that much but together they can make a bit of a dent in your budget.

You might even get lucky and find a gift or two that you didn’t end up giving to anyone last year.

So if you do already have a stash of something then don’t buy more – make use of whatever you already have.

Don’t leave your Christmas shopping to the last minute.

Leaving your Christmas shopping to the last minute can really hurt your gift budget. The closer it gets to Christmas, the less there is on the shelves.

This means that ultimately, you might not have the opportunity to be smart with your purchases.

It’s possible that you will make bad choices or spend too much on something you had little intention of buying.

The best way to save lots of money on gift shopping is to start early and be organised.

Keep an eye out for coupons or deals.

If you can, keep an eye out for coupons or deals both online and in store.

Know the prices and make sure you’re ultimately getting the best deal.

Spare a thought for the post Christmas sales.

If you do have a little extra in your budget after Christmas, you might be able to pick up some good buys in the post Christmas sales.

This is a really great way to stock up on non perishable things for next year (items like decorations or cards.

So with a little forward thinking and preparation, you can save money buying Christmas gifts. This year, shop smarter and save!

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