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As I’m writing this, I’m shaking my head. Can you believe that it’s already September, Christmas is just around the corner and people, like me, are already getting ready for the holiday season?
Yep, you read that right. Some of us are already gearing up for Christmas and are already organising what we need to do, buy and make for Christmas. At the very least, we’re already starting to make lists.
Regardless of your plan – start now or later? – there’s probably one question in your mind right now: How can I spend less money for Christmas?
We all know that Christmas can be a real money trap and some people go into debt just to give special presents.
To help you (and ourselves, if I’m honest) avoid that, we asked other bloggers for their best tips on Christmas budgeting.
We’re publishing them here and we hope they can help you keep costs down but still give the fabulous Christmas presents you want your loved ones to get.
Side Note: If you’re looking for ways to better manage your finances so you’re ready regardless of any holiday that comes up, check out these three synergistic posts:
✦ Penny For Your Thoughts: The Ultimate Guide To The Best Financial Education For Toddlers
✦ How To Get Rich: A Summary of The Richest Man In Babylon
✦ Financial Planning Tips For The New Year: How To Stop Living From Paycheck to Paycheck
When should you start shopping for Christmas
Rainy Day Mum: If you like to have a lot of food then start stocking up now with things that last. Things like boxes of chocolate, stuffing etc.
The Merralls Home: Buy as early as you can! There are so many sales on in the autumn, it always works out much cheaper and helps spread the cost.
All Things Christmas: Approximately 45% of all U.S. consumers begin shopping for Christmas prior to November 1…If you enjoy adding to your collection of Christmas figurines, outdoor inflatables, and lights, buying these items in the fall can result in massive savings…Shopping early also allows you to set a reasonable budget…By planning out who you will be shopping for, what you will spend on gifts, and purchasing everything prior to the busyness of the season, you will save yourself time, money, and stress.
Why are lists important for Christmas spending
Beauties And The Bibs: Take a look at who you buy for is there anyone you can cut back on? I’m sure they are worrying about money too and would appreciate one less present to buy also.
Twinderelmo: Write a list and stick to it! It’s so easy to keep buying like mad but keep it simple and don’t fall prey to all the big deal days such as Black Friday which make you feel like you have you buy as it’s such a bargain, when in reality the price in the lead up has been inflated.
Where to buy cheap gifts for Christmas
Emma Reed: Buy secondhand toys. You can get really good ones in charity shops, on eBay and marketplace on Facebook. I bought some last week!
The Penniless Parent: I cannot recommend enough using Facebook Marketplace to do your Christmas shopping. Not only can you make huge savings but your little ones will be none the wiser that it wasn’t from a shop and you’re helping to recycle perfectly good toys that could otherwise end up in a landfill. I wrote a small blog about this last year which shows some of the savings I made.
Saving Moving Mummy: Second-hand things or buy throughout the year. I buy all my smellies in the Christmas sales for the random family members. I also ask my in-laws to buy the more expensive gifts.
How to give Christmas gifts with no money
Kate On Thin Ice: Presents are lovely to receive but you make memories that last a lifetime by being together. So give the gift of your presence this festive season.
Raising Moonbows: Go through the kids’ old toys, and sell the ones they no longer play with. That money can then go towards getting them Christmas presents.
Joanna Victoria: Write a list and budget for each person. Then either make, buy second hand or upcycle gifts.
How to give Christmas gifts without spending too much money
Lylia Rose: We do the four gift rule for our kids but slightly edited. We do ‘something you want, something you need, something to eat, something to read’. We also start buying really early in September/October to spread the cost.
Miss Many Pennies: Don’t overbuy – think about anything last year that you ended up throwing away or had way too much of, and cut it down this year. There’s always that fear of not having enough, but it usually works out as having too much, so save money but only getting what you really need/will use.
Falcondale Life: If you have a lot of adult relatives then why not organise to buy fewer presents between you? We’ve done this in a circular way so, for example, I buy a present for my brother, he buys one for our sister-in-law, she buys one for my husband and so on until everyone is included in the circle. Takes a little planning but it saves a lot.
All Things Christmas: I have a lot of articles on this topic but my top tips are:
1. Use what you’ve got. (DIY/Update Decor yourself)
2. Buy Ingredients in Bulk/On sale (for Baking, or non-perishable items)
3. Cards instead of Presents – most of the time it really is the thought that counts, so give a Christmas Card with a thoughtful message instead of a Starbucks gift card to your acquaintances.
To recap, the best ways to spend less money for Christmas are to shop early, make sure you make a list and a budget, know where to find the cheap gifts (or make them yourself) and minimise the number of gifts you need to buy in the first place.
That’s really it.
I know, this isn’t always easy but it can be done.
It just takes a bit of planning and loads of time.
What about you? Any foolproof tips on spending less? Share it with us in the comments section below!