There are several holiday traditions that you miss during the year which makes you anticipate this season with all the more eagerness. But one thing you probably don’t want a repeat of is overspending. It is so easy to get lost in the gift shopping that by the time you do your accounts, you are hardly left with any money to get by. You make a promise to yourself every season that this year, you will be more careful but holiday gifts just keep piling up and before you know it, your credit score is high but the money is low. So, what do you do in such situations?
Don’t worry, we have a great system of hacks that will not only help you save money this year but also teach you how to shop on a budget for gifts. These are just simple plans that you have to make that will ensure your life gets easier and you can buy actual food at the end of the year instead of relying on instant meals. So let’s begin.
1.Check Your Budget
The most dangerous thing you can do while shopping for presents is, not to consider how much money you want to spend on it. It is the holiday season and we know you would love to spend a little extra on the unique holiday gifts but try not to spend a fortune doing that.
You should leave something in your bank account to hold on to. Plus, budgeting also helps you narrow down the options. Maybe you are getting him a console for Holiday so if you write a figure next to it, you can head to the store and see which one matches your listing.
This is an effective way of saving time and money and you will surely be happy by the time you are done with the gifts.
2.Make a List
This is extremely important. The hubbub of the holiday season means that you sometimes forget to take care of certain tasks. Nothing is more embarrassing than realizing that you have missed someone out and have to get them something generic.
This way, each time you go out, you can cross off certain items from your list. You can also brainstorm during the activity and write down a couple of options to find the perfect holiday gifts for mom before you have to head out to the hometown to celebrate the festivities with your family.
3.Put Your Name on the Gift List
You might think this is tacky but do make sure that you don't leave yourself out of the budget. When heading out to shop for your loved ones, do keep in mind that you have to treat yourself to this budget too. So, if you come across holiday gift baskets that have everything that you have wanted, do not wait to finish the list. Just get it for yourself there and then.
You must remember that you have worked hard all year so it is only fair that you treat yourself this holiday season. If you do not put your name on the list, chances are you will forget to buy it and then regret it later when you are packing the presents for the rest of the family.
4.Do Secret Santa
This is the most budget-friendly tradition we have. It works perfectly in a workplace where there are a lot of people and it is impossible to buy presents for everyone. Decide a budget amongst yourselves and everyone can get something special for their holidays instead of feeling financially pressured to buy individual gifts.
When you are buying employee holiday gifts, it could be something as simple as a planner, new stapler pins, or even a headrest they have wanted, depending on your relationship. Try looking for it in sections with holiday gifts under $10 because we know you will get the urge to impress them with extravagance but do keep your budget in mind.
This is quite an important point that you need to realize before you are drowning in debt. When you go out for gift shopping on a credit card, it seems far too difficult to ignore a good present just because you don't have the money on you right now. You end up buying it and your credit card bill goes up that you eventually have to pay with hard work.
What cash does it that let’s say you are shopping for holiday food gifts and you take the exact amount dedicated for this, it means you are not overspending and utilizing the money that you already have? Limit your spending and voila! No crushing debt after the holiday season awaits you.
6.Shop from small places
We know that Amazon and Kohl's put out offers that are almost impossible to ignore but small businesses usually have more authentic products and that too for a cheaper price. The newly-opened business stores usually offer you a lot of discounts and there is much less hassle to change a product if you don’t like it. For instance, if you are getting holiday gifts for your wife, just skim through the small skincare outlets in your town and we are sure you will find incredible options.
So, these are some of the ways you can save money on gift shopping this year.
Frequently Asked Questions
Men love sleek keychains and wallet chains that help with their street style.
Places like Walmart and Amazon usually have dedicated sections for tech under $50.
You can never go wrong with baked goods as for once, you could be the one feeding them.
Download an app to keep a track of all your finances.
A to-do list, writing pad, customized pen, or even a stationery kit containing all these items are great gifts.