Wednesday, February 8, 2012

Five Ways to Save Money While Shopping for Holiday Gifts

November 30, 2009 by  
Filed under Frugal Mom

I used to overspend on holiday gifts. I would spend several hundred dollars per person, which really adds up when you have a big family. It started out as $50. Then, I realized I spent $60 on this person or $75 on that person and I wanted to spend the same amount on everyone. Eventually, it occurred to me that it didn’t matter if I spent $43.01 on one person’s gift because there was an awesome sale and spent $57.45 on another person’s gift because it was the only thing he or she asked for and it wasn’t on sale. That was the day I began my frugal gift giving journey. Today, I don’t even spend $50 a person because I have learned to stockpile gifts ahead of time.

This leads me to my top five ways to save money while shopping for holiday gifts.

  1. Make a list and stick to it. If you hear yourself saying, “Oh, this would be perfect for…,” walk away.
  2. Don’t worry about being fair or spending the same amount on everyone. It will stress you out and it isn’t what Christmas is all about anyway. Close is okay.
  3. Add up material costs before deciding to make presents. DIY isn’t always cheaper, especially if the first few projects don’t turn out right.
  4. Shop summer sales. I get almost all of my toys well before Christmas. In fact, this year, I only bought two things for Christmas since November 1st, because all the rest of the gifts are already neatly stowed in the cabinet awaiting their turn on the wrapping table.
  5. Choose a store with the best sales, shop and go home. If you jump from store to store and aren’t incredibly disciplined, you’ll add a few extra things to your cart at each location and end up spending a lot more than if you paid three dollars more for item one and seven dollars more for item two at the first store and called it a day.

Do you like to blog about saving money over the holidays? If so, you, too, can enter for a chance to win a Staples gift card in the TwitterMoms and Staples blogging contest. Just want to start shopping for deals? Check out the Staples holiday savings page.

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