Saving money during the holidays may seem impossible, but because of financial struggles many are facing this year, they may need to scale back. But spending less doesn’t mean you have to skimp on the holiday cheer. Being intentional about the way you celebrate this year can make it all more special and these pointers can help you do it without breaking the bank.
- Decking the halls -Decorating for the holidays is a seasonal mood booster and it doesn’t have to cost anything. Aside from using your stock of decorations, you can shop in nature by collecting pine branches and pinecones for a natural centerpiece or festive mantel decor. And if you have kids, put your little elves to work making paper chains and snowflakes.
- Gift giving- You don’t have to spend a lot on a present to show someone you care. Frugal options include giving gifts of service, like an offer to rake their leaves or shovel snow, homemade gifts like hot cocoa mixes in jars or DIY sugar scrubs. Another low-cost option is a Secret Santa exchange so each person only has to get one gift.
- Wrapping the gifts- Wrapping paper, bows, ribbons and gift tags can be expensive, so try low-cost alternatives like trendy brown paper packages tied up with string, using sheets or tablecloths from thrift stores as wrapping, and using parts of old Christmas cards as gift tags.
- A budget-friendly holiday dinner- Save money on your festive feast by cooking from scratch instead of using prepared foods and stretch your food budget by finding pared-down versions of traditional recipes, like these30 Christmas dinner recipesthat you can make with less than $10.