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Tips for saving money on Christmas gifts

Ways to save money on Christmas presents

The festive season is upon us and even though most of us will be starting to get excited, some may be dreading the expensive nature of Christmas.

But don't worry, we have put together some handy tips to help you save money when shopping for the perfect gifts.

Set a budget

Determine how much you can afford to spend on gifts and stick to that budget. This will help you avoid overspending and accumulating unnecessary debt.

Make a list (and check it twice!)

Create a list of people you want to buy gifts for and prioritise it based on importance. Consider whether you can cut down on the number of people on your list or opt for less expensive gifts for some.

DIY gifts

Consider making your own homemade gifts. These sorts of items can be thoughtful and often cost less than store-bought alternatives. Examples include baked goods, crafts, or personalised photo albums.

Secret Santa

Suggest a Secret Santa or gift exchange within your family or group of friends. This way, each person only has to buy one gift, rather than one for everyone, which helps to reduce the overall cost.

Shop sales and discounts

Keep an eye out for sales, discounts, and promotions. Black Friday and Cyber Monday are popular times for discounts, but you can find sales throughout the holiday season.

Comparison shop

Take the time to compare prices before making a purchase. Online tools and apps can help you find the best deals on specific items.

Use coupons and promo codes

Look for coupons and promo codes to apply at checkout, whether you're shopping online or in-store. There are many websites and browser extensions that can help you find these discounts.

Regift or repurpose

If you have received gifts in the past that you haven't used and they are in good condition, consider regifting them to someone who would appreciate them.

Opt for practicality

Instead of buying extravagant or novelty gifts, consider giving practical items that the recipient will use regularly. This can be both cost-effective and thoughtful.

Shop online

Online shopping can sometimes offer better deals, and you can easily compare prices from different retailers without even leaving your home.

Limit decorations

While not directly related to presents, consider limiting the amount of money spent on decorations. Reusing decorations from previous years or making your own can be cost-effective.

Remember that the thought and effort you put into a gift often mean more than the price tag. Focus on meaningful gestures and spending quality time with loved ones, as these are often the most cherished aspects of the holiday season.