Did you know that 33% of Americans expect to spend $1000 on Christmas presents?
Are you planning on spending that much on gifts this holiday season? If you’re not, it’s not a problem. There are several ways to save money and still get your loved ones a gift without making a great deal of damage.
Check out these holiday shopping gifts.
1. Talk to Your Family and Set a Budget
You might think that your family desires expensive gifts for Christmas, but the last thing your family wants to do is see you in debt.
Before the holiday season, talk to your family about holiday shopping. If you and your family members have different incomes, it’s best if everyone agrees on a budget.
It could make some family members feel bad if they can’t afford to buy expensive gifts. If you have a large family, you could consider doing a white elephant or a secret Santa exchange.
2. Get the Most Out of Big Sales
Make the most out of large holiday sales to get all of your gifts out of the way. Days like Black Friday and Cyber Monday can help you save the most.
However, if you didn’t take advantage of those sells, you shouldn’t feel as if you missed out. Subscribe to the mailing lists for your favorite retailers so you can alert to sales.
3. Consider Making Something Instead
If you don’t want to break the bank and put a hole in your wallet, why not consider making them something instead.
Those with artistic talents can consider painting a picture or something similar. If you’re not artistic, you can consider putting something together such as a gift basket.
You might even consider giving a picture frame with you and that person. Also, you could gift kraft bags with goodies inside.
4. How Many People are You Gifting To?
How many people are you buying gifts for? If you have a small family, you might get away with buying more expensive gifts. Only buying for a few people might allow you to get something more pricey.
However, if all of your distant cousins are coming for Christmas, the last thing you want to do is buy expensive gifts for everyone.
5. Want to Bundle? Think Again
Many department stores during the holiday season offer gift boxes. While these boxes offer a greater value, they might end up costing you more money in the long run.
If you plan on only getting a perfume, avoid getting a gift set since it could end up costing you a little bit extra. There are other examples of bundles such as cameras and even gaming consoles.
Getting multiple bundles adds up little by little. Ask yourself if you’re actually saving money by getting a bundle gift set.
Don’t Go Overboard on Your Holiday Shopping
Now you can do your holiday shopping without breaking the bank. Consider talking to your family and setting the budget, gifting a homemade gift, and taking advantage of big sales.
If you want to know what gifts are appropriate for clients, check out this article.