Save Your Money! Tips for Holiday Spending that Won’t Break the Bank
Most of us enjoy the spirit of giving during the holidays, be it with gifts, hosting, cooking, and many other ways we love to celebrate. Of course, all of this generosity and good-cheer can make staying within a holiday budget a challenge. Here’s how to throw a Holiday Party on a budget! (We get into holiday gift shopping on a budget, as well.)
Fortunately, there are several ways to cut down holiday spending, Below are some of our favorite ways to save money during the holiday this guide is for those looking for simple alternatives to expensive holiday traditions.
Make a Budget ….and stick to it!
Before beginning your holiday adventures, create an organized, easy-to-follow budget, detailing all expenditures related to your holiday plans. It is important to be as specific as possible, and include smaller expenses that can add up to big numbers; these smaller expenses such as gift-wrap, holiday cards, stamps, tissue paper, and more can accumulate quicker than you realize! If you have these holiday budget numbers in front of you, it will be easier to find places to save on holiday spending.
Need a template? Holiday budget worksheets to the rescue!
If you could use some guidance in creating a holiday budget, there is a wealth of free holiday budget templates, both online and in MS Office Suite (if you have it installed); these templates outline some holiday season budget items you may not have thought of.
Gift-Shopping on a Budget: You can be both frugal and thoughtful this holiday season
As you devise your holiday expense budget, there are a number of creative ways to save money on Christmas gifts.
- Get creative! Been a while since you’ve knitted? Do you enjoy making collages, beaded jewelry, or other crafty gifts? Putting time and thought into a custom-made gift not only comes from the heart, but keeps your holiday gift shopping on a budget.
- Have fun with gift-giving! Remember Secret Santa? Maybe this holiday season you can bring it back! Secret Santa is popular with officemates, family, or circles of friends. To play, put everyone’s name in a bowl, and each person has to buy a gift for the person they pick. (No peeking!) Typically, Secret Santa has cost parameters that everyone can comfortably afford; not only is this a fun way to save on holiday spending, it adds a little mystery to your season!
Holiday Parties on a Budget: You don’t have to go over-budget to be a gracious holiday host
- Host a potluck! Potluck dinner parties are a great way to celebrate the holidays; not only does every guest get to contribute, but you won’t have to worry about spending a fortune on food. You can still find affordable ways to be a holiday host with the most.
- Cocktail Parties! Potlucks not your thing? How about a holiday cocktail party? These soirees are a fancy way to save money on meals; your guests will only expect hors d’oeuvres and likely make other plans for dinner. It is also perfectly polite to encourage guest contributions; these may be bottles of wine, liquor, snacks, or other small holiday fare.
The holiday season is upon us! We hope these money-saving tips help keep you on track while still feeling festive!
Have any Holiday Budget tips? Let us know! Comment below and let us know your thoughts. Want to keep them private? Shoot us an email to Outreach@