Don’t forget that Christmas is all about family and sharing a great moment with them. That is why, you don’t have to take on more debt for this to happen. You can even do few things to save on Christmas.
1 – Christmas Decorations
Christmas decorations can quickly add up to your budget if you are buying new ones each year. So, the key is to reduce any damages by properly storing them in a closet. It will allow you to keep them longer and save some money at the same time.
In case you still need to buy new Christmas decorations, there are ways you can save money. For example, you can check out the dollar stores. Similarly, many stores are offering great discounts on Christmas decorations after Christmas day. So, you can take this opportunity to get new decorations at a lower price.
2 – Potluck
Hosting a potluck for Christmas is a great way to save money and include your entire family in the festivities. Even if it requires a little time and organization, it is worth it. That is why, you should let your guests know in advance about the potluck to give them time to think about what to bring. You can also tell them to bring an appetizer, a main dish, or a dessert to make sure that you won’t end up with only desserts on Christmas day.
3 – Entertainment
Christmas entertainment can be expensive, but you don’t have to stretch your Christmas budget to have a good time with your family.
For example, you can play board games with your kids, go on a Christmas lights tour, or give your time to your local community. Make sure to check your city calendar of events to see what activities they offer during Christmas.
4 – Secret Santa
Secret Santa is a great idea to save time and money on Christmas. In other words, you won’t have to spend hours and hundreds of dollars shopping to buy a gift for everyone you know. It is also a fun and entertaining way to exchange gifts with friends or family.
5 – Save On Gifts
There are a lot of ways you can save on Christmas gifts. Think about gift-giving as a way to share your appreciation for the person that will receive your gift. It doesn’t have to be an expensive gift, as long as you are happy to give. For example, you can buy your gifts when they are on sales, do a combined gift with other people, or make your DIY gifts.
6 – Wrapping Paper
Wrapping paper always ends up in the trash, so why spend big bucks on them. Similarly to buying new Christmas decorations, you can find great deals after Christmas day, or you can also visit the dollar store. You can also help the environment and save some money by not buying wrapping paper. Instead, buy reusable gift bags that you will be able to reuse year after year.
7 – Christmas Cards
Depending on how many Christmas cards you send to your friends and family, it can quickly add up to your budget. Thus, save your money by sending online Christmas cards or messages to your loved ones via social media.
8 – Christmas Tree
The price of Christmas trees keeps going up year over year. In the U.S. alone and at any given moment, about 350 million Christmas trees are grown in farms.
If you want a real Christmas tree, instead of buying it from the store, go directly to a Christmas tree farm to save some money. You will be able to choose, cut, and pick up the Christmas tree you want. If you want an artificial Christmas tree, you can look for discounts online to find great deals.
9 – Christmas Budget
A budget is a great tool to use if you are trying to save money. Budgeting doesn’t mean you are going to eat only potatoes for months. To start, you need to know how much money you make and how much you spend. Then, you can subtract your monthly expenses to your income to find out what your “money leftover” is. Finally, you can allocate your money leftover to your Christmas budget.
In conclusion, there are a lot of ways to save on Christmas this year, and it is time for you to try the ones that best fit your current situation.
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By Marco Carreira
I am a financial coach who helps people make more out of your money. My goal is to teach you about financial strategies so you can make better decisions.