The holiday season is the time of year when even the most frugalous of the frugal have difficulty sticking to budgets. Here are 8 ways to to stick to a frugal holiday gift budget without losing your marbles:
- Always shop with a list of names, spending limit, and ideas. Stick to your list and don’t be dazzled into impulse spending by store displays.
- Stick to your budget. If you’ve budgeted $25 for Cousin Joe and you can’t find a sweater under $30, move over to accessories and maybe grab him some gloves. If you go even $5 off your budget per person it will add up quickly!
- If you shop early in the season and discover later that an item you bought has been discounted, take it back to the store. As long as you have the receipt, chances are they’ll refund you the difference.
- Buy gift cards for the hard to shop for people in your life. Teens, grandparents, and even cranky uncles can always find a way to use the gift card in their favourite stores.
- If your budget is really tight this year, give a homemade gift like cookies or a gift of your time, such as volunteering to babysit or mow an elderly neighbour’s lawn.
- A family photo album or your family history on dvd is a great and invaluable present for a elderly, housebound or out of town relative
- For large or extended families put everyone’s name in a hate and have each family member draw a name and buy a gift for that one person.
- Limit your gift list. If you prefer not to exchange gifts with a friend, neighbour, or co-worker this year, just say so. It’s very likely that she’s trying to pare down her Christmas list too!