How to Save Money on Gifts

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How to Save Money on Gifts

The feelings of gift giving obligation drive many people foolishly deeper into debt just so they can either feel better about giving, or avoid the embarrassment of failing to do so. While the thought may count, unfortunately too many people feel that giving an expensive gift counts so much more.

Giving gifts does not have to be spendthrift. As the old adage goes, “It is the thought that counts”. This goes to show that people can start cutting back on gifts that would cost them hundreds of dollars. It is best to opt for things that may not be that expensive but would definitely bring joy and amusement to the one who will receive the gift.

So, if you want to give gifts but with a tight budget, worry no more because there are many ways to cut back on the prices but still be able to give gifts that will be deeply appreciated.

Start a Gift Closet

If you have not done this before, try to do it now. Shop for gifts the whole year-round. This would mean less hassle and less expense, a definite money-saver.

The point here is that if you do not plan in advance, you will end up spending more.

You could try buying gifts at bazaars, special sales, and out-of-town trips, which you can deposit in your gift closet. In this way, you can buy the items at a much lower price than it would be sold for during the holidays.

However, to make sure that you do not give the same gift twice, you should make an inventory of all your gifts. This will also allow you to keep tabs on what you have in your stock.

Alternatively, apart from stockpiling gifts, collect wrapping paper, ribbons, and other accents as well. A gift is better appreciated when it is beautifully wrapped.

Be Creative

Nothing could be more amusing than a gift that was specially made by the person who gave the gift. Personalizing you gifts is far better than commercially made items. In this way, you do not only create a smile to the one who will receive the gift but would also cut back a large amount from your expenses.

Organizing Tip

One of the best ways of saving money on gifts is to be organized with the process. That is, before going to the store to shop for the gifts, always bring with you a shopping list. It should be stated there the names of the person to whom you will give the gift and the budget for each person.

The bottom line is that gifts should not be expensive. What matters most is that you have thought of the person on that very special day and that’s enough to make them feel they are special to you.

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14 Mar 2010 at 8:38pm
... 12 to 15 years, saving $9.7 million each year. ?Allows localities to increase class sizes by one student. ?Reduces funding by $360 million over two years, but anticipates being able to restore the cuts with federal stimulus money. ?

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15 Mar 2010 at 2:15am
A finance ministry statement Sunday said the austerity program "appears sufficient" to meet budget saving targets.

Week ahead: Iowa lawmakers hopes to focus on creating ... - Quad-Cities Times

15 Mar 2010 at 3:05am
Last year, Republicans voted against the budget bills after their money-saving suggestions were rejected. All indications are they are likely to oppose the budget bills again this year. The Government Oversight Committee could provide some diversion ...

Gov. Christie should keep UEZ program - Daily Journal

15 Mar 2010 at 12:42am
It's understandable that the governor would scrutinize every possible way to reduce the state budget gap. But eliminating a program that produces jobs and tax money would be a false saving.

Mo. House Democrats call for ending some tax breaks ... - fox4kc.com

11 Mar 2010 at 2:55am
... scheduled to outline his own budget plans Thursday in a speech to the Springfield Business Development Corp. Nixon said he supports changes to the state's tax credit programs and consolidation of government functions to help save money.

Tagged:

debt, Holidays, money, saving money, Spending

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December 12 2008 09:43 pm | Money Management

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