It's the most wonderful time of the year!
And while it's a joy to give gifts to loved ones, spreading holiday cheer can easily end up with a higher price tag than your budget may allow.
There is no need to feel like the Grinch if you can't (or don't want to) spend that much money; simply set a budget amount that's right for your family.
Use these six tips to help you have a Merry Christmas for less.
Make a list.
Write down the names of all the people who will receive a gift from you. This helps you see how far your money needs to go and where you might have to narrow down the list.
Thrifty tip #1: Discuss with your spouse who will be receiving a gift. If your spouse plans to give a gift to the postal carrier, but he or she wasn't on your list, then decide together what changes need to be made to the gift list so you don't go over budget.
Check it twice — and add a spending limit.
After you have decided on your gift list, go back and set a maximum amount for each individual, making sure the total is within your budget. Agree to hold one another accountable to these numbers.
Thrifty tip #2: As an incentive to stick to your plan, if you exceed the budget on one gift, that amount has to come from another gift's budget.
Cash in a reality check.
A new budgeting system brings new expectations for both the giver and recipient. It's important for everyone to be on the same page going into the holiday so no one is disappointed or surprised. The adults on your list will likely respect your desire to be thrifty. And while it may be a hard adjustment for the kiddos, this is a great opportunity to teach them an important money lesson.
Thrifty tip #3: Let children purchase gifts from a pre-established budget. This gives them an opportunity to participate in and appreciate the gift-giving season.
Sale-e-brate your loved ones.
The holidays are a great time to take advantage of sales. Sign up for emails from your favorite retailers to get coupons, special offers and free shipping leading up to Christmas.
Thrifty tip #4: It's thriftiest to complete online shopping by December 14; shipping fees increase as Christmas draws near, which can affect your gift-giving budget.
Think outside the gift box.
Creative gifts are a great way to save money, especially on gifts for those who maybe didn't make it onto your list. Remember the postal carrier? Perhaps he or she would enjoy some home-baked cookies or a hot cup of cocoa.
Thrifty tip #5: Gifts don't have to come from a store to spread holiday cheer.
Remember the real reason for the season.
It's easy to get caught up in the hustle and bustle that comes with the Christmas holiday, but it's not really about the gifts. Take time with your family to remember the birth of our Lord by attending a Christmas Eve service, volunteering together at a soup kitchen or reading the real Christmas story before you open gifts. Make sure that Jesus stays the focus of your Christmas celebration.
Thrifty tip #6: Holiday memories make for free treasures.
On behalf of GuideStone®, we wish you a thrifty Christmas and a happy new year!
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