Last updated in October 2020
Learn how to spend less on Christmas gifts. Christmas is the time of the year we want to be generous and shower our loved ones in gifts. Many people even take out loans or use credit cards to ensure they can afford high-quality gifts.
But spending hundreds of pounds is not necessary for a happy Christmas Day. Often it is the cheapest gifts that bring the most joy, as long as they come from the heart. This post is packed with ideas that are affordable and thoughtful.
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How to spend less on Christmas gifts
Rather than focus on material possessions, you may choose to spend time with your family member or friend. This is an especially great gift for elderly people and those that already seem to have everything.
There is no cost involved in gifting time. Simply write on a piece of paper what you want to do with the person and put the message into an envelope. You may choose to spend a little on buying a Christmas-themed letter but this is not necessary.
Ideas for gifting time are:
- Taking the person on a day trip to the beach/mountains/park etc.
- Help the person to tidy, refurbish, etc. with them (whatever needs doing)
- Offer to teach the person something (a language, knitting, building furniture etc.)
- Have a picnic with the person and make all the food yourself
How to spend less on Christmas gifts: DIY gifts
Learn how to spend less on Christmas gifts by making gifts yourself. If you have a special skill, this is easy to achieve. You could
- Draw a picture
- Sew clothes
- Make decorative items
- Make accessories
But even if you are not especially gifted, you can still make Christmas presents yourself. You can follow easy online tutorials to make:
Shop in thrift stores
Thrift stores are a lot cheaper than supermarkets and department stores. But that does not mean thrift store findings make bad presents. You can find unique items and your loved ones will appreciate the time it took to find these items over expensive but soulless products.
If you have friends or relatives that collect specific items, thrift stores are you friend. If the person already has a vast collection, thrift stores offer the opportunity to find additions to it at an affordable price.
Spread the cost over the entire year
Even if you try to reduce the cost of Christmas presents, some gifts may remain expensive. If you have children, they may want an expensive toy and not a replacement from the thrift store. In this case, you can spread the cost of the specific present over the entire year.
Simply set up a sinking fund specifically for Christmas. For this, you simply divide the cost of the Christmas present by 12 and put the required sum away each month. For example, if your present costs £120, you need to save £10 a month if you start saving in January.
Buy gifts when they are reduced
If you already know what you want to buy for your relative or friend, you can watch the item and buy when it is on offer. Ideal opportunities to buy discounted gifts include Black Friday, Boxing Day sale, and end of season sales.
Buy discounted gift cards
You can save a decent amount of money by buying gift cards that are discounted. Gift cards are the ideal present if you do not know what to buy. With an Amazon gift card, for example, your friend or relative has a lot of choice on what they can buy.
GC Spread is one of the websites where people can sell unwanted gift cards. If you buy a gift card from there, you get a discount, typically 10-20%.
Get gift cards for free
Why should you pay for gift cards if you can get them for free? Find out about nine ways you can get gift cards for free without completing offers.
Refrain from making impulse purchases
Plan what you want to buy in advance and stick to your shopping list. When shopping, you will likely see random items that you think may be a perfect match for someone. However, these items often come with a hefty price tag. Otherwise, they would not be on display!
If you see something that is not on your list but you think someone you know may like, make a mental note of it. There is always next year and Christmas will come again.
How to spend less on Christmas gifts summary
As you can see, it is not difficult to learn how to spend less on Christmas gifts. There are numerous ways to save money, including:
- Gift time
- Make gifts yourself
- Shop in thrift stores
- Spread the cost over the entire year
- Buy gifts when they are reduced
- Buy discounted gift cards
- Get gift cards for free
- Refrain from making impulse purchases
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