5 Smart Ways to Save on Gifts This Christmas

by Hank Coleman

How to Save Money on Christmas GiftsChristmas is around the corner, but luckily, we still have over a month to plan this year’s gift list and try to save money by avoiding last-minute shopping. Do you know how to save money on Christmas gifts?

Below I’ve listed some ideas that might help you spend less on your gifts this year and even make Christmas shopping an enjoyable (and dare I say it, stress-free) experience.

How to Save Money on Christmas Gifts

Actually Write a List

Although obvious, most of the time we just go shopping and completely forget to list the people and the gifts we think they might like. But, making a list is not all: use it as a springboard to determine the Christmas budget

Since Christmas shopping is quite often done against the clock, this usually implies choosing something in the rush and overspending. Budgeting is definitely the way forward here and whats more there are great tools that can help you do it quickly and simply.

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Take Advantage of November Sales

I like Cyber Monday. After a long weekend of waiting in lines packed with clients struggling to get what’s left in Black Friday comes Cyber Monday, which means that you can avoid the former and get what you need in just a couple of clicks.

Keep in mind that you should be ready to start shopping online early that morning before products run off and make sure that what you are getting will be delivered on time! So short of winning your typical Christmas promo, Cyber Monday will be your day to get gifts.

Be Creative

DIY is a great option to save money on gifts while adding a personal touch to make that special someone feel even more loved. This is the rockstar choice of Christmas presents for the people in your life who apparently have everything and especially good for those who are not really sure what they want. And, who says you need to be a master craftsman? 

Instead of getting your partner a bow-wrapped box with something pricey inside, you can promise a trip to their favorite place or cook a three-course meal with dishes you know they’ll love. Creativity will save you money and make your gifts far more memorable.

Discount Time

This is a good moment to engage all the store cards, memberships, vouchers and discounts that have been racking up points and unused throughout the year. Or if you don’t have any, sign up to those that have a good rating. These are all resources that will come into play when saving serious money on those pricier gifts.

Compare Prices

You might have used a resource to price check in the past but if you haven’t, this is a great opportunity to give one a shot. There are many of these apps available, and price comparison tools help you figure out what’s the best deal so that you don’t overspend. Be prepared to be surprised at how different prices can vary from store to store.

If you follow these guidelines along with other resourceful ideas, you will undoubtedly spend less this Christmas and shop in an organized way ahead of time. And who knows? You might find yourself enjoying this holiday much more than before.

Do you know how to save money on Christmas gifts? Are there any ideas that I forgot that might help you spend less on your gifts this year? 

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About Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. Email him directly at Hank[at]MoneyQandA.com.


Hank Coleman has written 590 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman.


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