Celebrations and gift-giving are expensive affairs for anyone, making the holidays needlessly stressful. However, with some smart planning and a whole lot of creativity, you could save big bucks without really compromising on the fun or meaning of it all.
Below is a list of eight ways to help you celebrate and gift thoughtfully yet thriftily.
1. Allocate a Budget and Stick to It
Set reasonable budgets for the various celebrations or gifts that you would like to buy. Draw a line in the sand of how much you can comfortably spend and do not step over it. A reasonable amount is between 1 and 5% of your income. You can adjust this amount depending on your income and how important gifts and celebrations are to your family.
2. Make a List and Check It Monthly
Most people who overspend on gifts do so because they run to the store at the last minute and grab whatever they can find. Being organized saves money! Here’s how to do it:
List all the people you wish to buy presents for and the festivities you are planning to arrange for the year. This will assist you with being ahead of the game and not forgetting people or events. When making your list, keep the various relationships in mind and the distinct interests of each person. This will help you buy ideal yet cost-effective gifts.
Now all you need to do is check your list at the beginning of each month so that you’re prepared ahead of time and can shop mindfully.
3. Become a DIY'er
Handmade gifts are often more thoughtful and personal. Think about your talents and skills. Can you paint or bake well? Perhaps you’re good at growing pot plants or taking photographs. Now put these talents to good use and create artisanal gifts for your friends and family. Some ideas are beautifully packaged baked treats, potted herbs for the cooks in your life, or personalized photo/scrapbook albums.
These gifts will not only be more meaningful, but they may also help you save money compared to paying store prices.
4. Use Coupons and Sales
Bring down the cost of gifts and celebration materials by using coupons, discounts, and sales. Check for online coupon codes, store flyers for sales, and consider loyalty programs that might offer rewards.
Compare prices across various retailers to make sure you get the best deal. Post-holiday times are great for picking up bargain gifts that you can store away for later.
5. Regift with Care
Regifting is another way to save money but do it thoughtfully and respectfully. Keep track of who gave you the item in the first place to ensure you don’t give the same person their own gift back! Done thoughtlessly, regifting can spoil relationships but done well, it can save you a ton of money and prevent your home from becoming cluttered.
Always check to ensure that a product is new, was never used, and is in good condition. The item should still have its original packaging and there should be nothing missing. Check for hidden messages or notes that may give the game away. Once you’re done, rewrap it beautifully and give it with love!
6. Throw Potluck Parties
Having a party but your bank balance is a little low? Ask guests to bring a dish or plate of snacks to share. Alternatively, provide the food but ask everyone to bring their own drinks. You could suggest a theme, for example, “Mexican” then ask guests to bring a dish that matches the theme. This makes it fun and participative without you seeming “cheap.” Another idea is for you to provide the main course and ask guests to provide the dessert.
7. Quality Time Before Quantity of Gifts
Emphasize creating beautiful memories with loved ones rather than buying expensive presents that last for a short period. For instance, at Christmas, suggest that instead of the adults buying one another gifts, rather share a special outing, a game night at home, or a picnic in a beautiful location. You’ll probably find that most others will be relieved by your proposal. These shared moments and photographs of them will be cherished long after the special occasion has passed.
8. Rework and Reuse Decorations
As far as decorations go, consider how you can repurpose and reuse materials that you already have for the event. Mason jars can be used as vases, foliage from the garden can be used instead of shop-bought flowers, and fabric scraps can be turned into bunting. It helps to pick a theme and then work around it. There are thousands of crafty ideas online so have fun with them!
Conclusion
We hope our 8 tips have helped you see that you do not necessarily have to cut back on what gives special enjoyment during special occasions just to save on gifts or celebrations.
These tips have shown you how to celebrate wisely and gift thoughtfully while still keeping your bank account healthy. Just a bit of planning ahead and creativity can create those unforgettable moments without blowing a hole in your wallet.
