It isn’t unusual to end up spending hundreds on Christmas presents. This is one of the main reasons so many people say they’re broke come January. However, there are ways you can save a ton of money on Christmas presents. Try some of these tips and you’ll find yourself with plenty of money left over at the end of the year:
Only Buy For Immediate Family and Close Friends
Instead of buying for everybody, e.g. your work friends, second cousins, and acquaintances, only buy for your immediate family and close friends. You could even make an agreement with your close friends on a spending limit, or even not to buy anything and have a Christmas meal or something instead. By only buying for say, your kids and your spouse, you’ll save so much money and stress over the Christmas period.
Create A Budget And Stick To It
Create a budget and make sure you stick to it. Make sure you’re comfortable with the amount you say you’re going to spend on each person. This isn’t about spending as much money as you can afford. It’s about buying thoughtful gifts and making other people feel good. Don’t spend more money just so you feel generous!
Don’t Spend Money You Haven’t Got
Never spend money you haven’t got. Taking out short-term loans and credit cards might seem like a good idea at the time until you see how much you’ll actually be paying back. You’ll still be paying for Christmas for months to come – who wants that?
Give More Thoughtful Presents
Instead of giving expensive presents, give more thoughtful presents. Smaller presents can still be amazing, as long as they are thoughtful. However, avoid giving the bits you know nobody really cares about. For instance, avoid giving the men in your life cheap aftershave sets and buying boxes and boxes of chocolates. The cost adds up!
Always Look For Discount Codes
Before you buy anything, look for discount codes. Even just getting 10% off can make a big difference to how much you spend overall. You can find lots of discount codes on sites like www.plusvouchercode.co.uk. Have a good look around and see what you can find!
Make Some Presents Yourself
How about getting your creative hat on and making some presents yourself? Handmade presents are so much more meaningful, and people will appreciate them so much more. Check out some tutorials and see what you could make!
Buy When Christmas Is Over
This may seem a little controversial, but how about buying when Christmas is over? You could even give people a set amount of money on Christmas day, and go shopping in the January sales. They’ll get so much more for their money!
Use these tips to save a ton of money on Christmas presents this year and you’ll have one of the best Januaries since forever! If you have any tips on how you like to save money over Christmas, leave a comment below!