According to a recent Discover Survey, more shoppers than in the past plan to have a budget in place for holiday purchases. Even with a budget, this year many shoppers indicate that they plan to spend more. Some are spending more because they have more people to buy gifts for or they have a new job or received a raise so they can spend a little more. You can save money on gifts this holiday season without being a spendthrift.
As the old adage goes, “It is the thought that counts”. This goes to show that people can start cutting back on gifts that would cost them hundreds of dollars. It is best to opt for things that may not be that expensive but would definitely bring joy and amusement to the one who will receive the gift.
So, if you want to give gifts but with a tight budget, worry no more because there are many ways to cut back on the prices but still be able to give gifts that will be deeply appreciated.
Start a Gift Closet
If you have not done this before, try to do it now. Shop for gifts the whole year-round. This would mean less hassle and less expense, a definite money-saver. The point here is that if you do not plan in advance, you will end up spending more.
You could try buying gifts at bazaars, special sales, and out-of-town trips, which you can deposit in your gift closet. In this way, you can buy the items at a much lower price than it would be sold for during the holidays. However, to make sure that you do not give the same gift twice, you should make an inventory of all your gifts. This will also allow you to keep tabs on what you have in your stock. Alternatively, apart from stockpiling gifts, collect wrapping paper, ribbons, and other accents as well. A gift is better appreciated when it is beautifully wrapped.
Nothing could be more amusing than a gift that was specially made by the person who gave the gift. Personalizing you gifts is far better than commercially made items. In this way, you do not only create a smile to the one who will receive the gift but would also cut back a large amount from your expenses.
One of the best ways of saving money on gifts is to be organized with the process. That is, before going to the store to shop for the gifts, always bring with you a shopping list. It should be stated there the names of the person to whom you will give the gift and the budget for each person.
Earn Cashback Bonus
Use your Discover Card to get 5% Cashback Bonus on up to $1,500 in Online Shopping and Department Store purchases, from now through December 2014 this holiday season.
The bottom line is that gifts should not be expensive. What matters most is that you have thought of the person on that very special day and that’s enough to make them feel they are special to you.
My views are my own and do not necessarily reflect the views of Discover Products Inc. and its affiliates. This post was sponsored by Discover Card. Rest assured, this Post was written by me and was not edited by the sponsor. Read more on my Disclosure Policy.