Our 5 Best Tips for Christmas on a Budget
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Are you ready for Christmas and trying to keep your budget in check?🎄
I know you’re reading this headline thinking, “Christmas?! We haven’t even had Thanksgiving yet… or even Halloween for that matter!” but trust me, there’s a method to the madness. It’s no secret that holiday shopping can be stressful, so having a plan BEFORE the holidays arrive helps alleviate the chaos.
Here are 5 easy ways for Christmas on a budget this year.
1. Download apps designed for no brainer money saving.
Start by looking into apps like Digit or Qapital that can link to your checking account and save bits of money here and there without you even realizing it. They only take a couple of minutes to set up, and they do all the work for you! It’s such an easy way to save up money for your Christmas budget.
My Hip sidekick Emily signed up for Digit and managed to save over $2,200 by having the app automatically transfer money from her checking to her savings — so easy! 💰
Hip Tip: You can also check out rewards apps that will earn you cash back on your everyday purchases!
2. Set up automatic bank transfers.
If you like having more control, look into automated transfers between your checking and savings. You could also ask your employer to send a portion of your paycheck to a special saving account for your holiday spending. It’s the same theory of saving without having to manually complete the process, except you can control the amount and the frequency.
3. Buy clearance items when you see them.
It’s no secret that you’ll save a ton by purchasing gifts on clearance, but don’t think you need to wait until December to start buying! Search for marked down gifts that typically don’t require gift receipts such as candles, beauty products, or housewares, to ensure your recipient won’t have to worry about exchanging for another size.
“Buy all the clearance things! Just kidding — but really, I buy throughout the year whenever I see things that I think would make a good gift. Plus, if by the time Christmas comes and they’re not interested in that anymore, it’s a great donation item!” — Alana
“Buying throughout the year has SAVED me and my Christmas budget! I remember a friend telling me in like July that she had all her Christmas shopping done — I freaked out. Ever since I have been trying to do the same thing. I am nowhere near done, but I have gotten better. I used to be a Christmas Eve shopper! Oh, and don’t forget about Black Friday deals!” — Jessica
“I make gift baskets for people with their favorite things and gather the supplies throughout the year. For example, my mom gets a book basket, my sister-in-law gets a Joanna Gaines basket, etc. You can give huge baskets of stuff for less when you shop clearance and sale items!” — Michelle
4. Use discounted gift cards on gift purchases.
If you aren’t using discounted gift cards yet, what are you waiting for?! We like purchasing from Raise.com because of its user-friendly platform, 365-day guarantee, and good customer service. You can also browse all of our recent gift card deals here!
5. Switch up the tradition.
Instead of buying the latest toys and tech, consider gifting memories instead. If it’s a warm-weather trip, you can buy a couple of gifts as hints, like bathing suits, towels, or beach supplies which are on clearance right now! Gifting memories and experiences are also great ways to help lessen the feeling of entitlement in children.
How do you save on Christmas gifts and other holiday expenses?
We’d love to hear from you in the comments below!