How to Save Money For The Holidays -10 Tips

The holidays can bring lots of expenses but if you use the right information and tips, then you should be able to significantly reduce those expenses.

Certain tips can help you not spend too much extra on miscellaneous purchases.

Focus on the following 10 tips:

Determine Your Spending Limit

Cut Down on Extra Expenses

Create Shopping List and Stick to It

Send Out E-Cards

Use Cash for Most Purchases

Do Research into Best Deals for Each Item

Give Yourself Enough Time by Planning Ahead

Pick More Affordable Holiday Activities

Track Spending

Cut Down on Food Prep with A Potluck

Follow these tips and you shall find all kinds of ways to save money and enjoy the holidays.

Through this post I will provide helpful information and tips for how to save money for the holidays and how significant the savings can become.

Determine Your Spending Limit

Determining a spending limit is a great way to keep you from going over your allotted amount that you can afford.

Coming up with a maximum amount that you are willing to spend for gifts, decorations and other holiday celebration expenses is going to allow you to afford all of these by coming up with a realistic maximum amount.

I like to write down my gifts for each person and find a way to give each person a good gift without spending a ton but still showing I care.

Whatever amount that you decide on as your limit, stick to it and you should be able to save nicely.

Cut Down on Extra Expenses

Cutting down on extra expenses can give you more money that you can spend on holiday expenses.

Reducing the following expenses in these bigger areas is a great place to start:

  • Coffee
  • Gym
  • Car

Coffee can be reduced by making it at home consistently as well as by drinking the coffee more evenly throughout the day.

Many people drink most of their coffee in a short period and get a big energy increase for that short period and then receive a big energy drop soon after this.

The best way that I have found to save on coffee is by creating it at home every day and making that coffee last most of the day.

Drinking the coffee more evenly through the day will help you not need a second cup later in the afternoon.

Exercise Outside More

An easy way to save some money is by freezing your gym account for 1 or 2 months. Most gyms allow for you to freeze your account and if they do, then you will not have to pay for the monthly gym fee during that freezing period.

Opting to walk and bike outside, as well as adopting an at home exercise routine, could help you stay in shape without paying that monthly gym fee.

Car expenses can add up to a lot of different ways of being costly and there can be all kinds of tips to reduce those expenses.

I like to focus on driving less during the holidays, which will save on gas and many wear and tear costs for the car.

If you want to read more about how to save money on car expenses, read How to Save Money on a Car.


Create Shopping List and Stick to It

Creating a shopping list and sticking to it will keep you from buying extra items which can often add up to a lot of money.

Writing out a list on paper or your phone and only buying those items will keep you from buying stuff that is on sale but not in your budget.

I use a shopping list for any of the following:

  1. Holiday Shopping
  2. Grocery Shopping
  3. Online Shopping

Using a list is essential for saving money whether you are holiday shopping or any kind of shopping. If you really want to save, always use a list and don’t buy anything not on the list.

Send Out E-Cards

Sending out e-cards, electronic cards sent by email, can show your friends and family that you care about them. E-cards can have music and illustrations in them and they actually are really nice to receive.

Not that a card and gift aren’t appreciated, but an e-card can say a lot without having to cost you as much as a gift and card would.

I find these e-cards can be a thoughtful gift and a great way to save if you are looking for a way to spend less and say more in your gift.

Use Cash
Use Cash for Most Purchases

Use Cash for Most Purchases

Using cash can be an easy way to restrict yourself from spending extra because it will only allow you to spend a fixed amount.

Take a fixed amount of cash out of your account that you have determined as the expected cost for your holiday shopping.

Take this amount and do your holiday shopping and you can save significant money because you simply won’t be able to go over your spending limit.

Do your research and calculate what amount of cash in hand you will need but also make sure you have enough.

Bringing a very small amount extra cash could be a good idea so that you are prepared if there are any extra expenses that you somehow weren’t expecting.

Do Research into Best Deals for Each Item

Doing key research into the most affordable deals for each item is going to save you a bunch. Take some time at home to review each item on your list and determine where you can buy each item and save the most.

I like to spend some time researching online and at certain stores to give myself the most accurate idea of what each item is going to cost.

The key here is to take your time going through your holiday shopping list and if you do this, then you will get much better savings.

If you are hoping to buy a specific gift but it seems to cost a ton and is out of your budget, then you probably should go for an item that is less expensive.

The thought really does count for a lot and if you are searching for ways to save money this holiday season and relieve yourself of some negative stress, then go for a more affordable option.

Give Yourself Enough Time by Planning Ahead

Give yourself plenty of time by planning ahead what you are buying and when you are going to be buying it. This doesn’t need to be a particularly detailed plan but more of a staying ahead of what you need to do.

If you don’t plan enough ahead during the holidays, then you will be rushing to grab something at the last minute, which will always cost you more.

If possible, try to do as much of the holiday preparation well in advance so that you don’t find yourself trying to buy a gift, Christmas tree or a turkey at the last minute.

Allow extra time to get anywhere during the holidays because there is going to be much more people around. Even a simple grocery store stop could turn into a throwing elbows event simply because the store is extra crowded.

Pick More Affordable Holiday Activities

Picking more affordable holiday activities can allow you to enjoy being with family and friends and have it not be a particularly expensive ordeal.

Research your area to see what free or inexpensive events are around for the holidays. Doing this research can help you keep your family and friends entertained without incurring a huge cost for yourself.

Huge Christmas Tree
Watch Christmas Tree Lighting

Doing any of the following could be a nice way to have fun and explore a new activity:

  1. Going on a hike in a local park
  2. Watch a Christmas tree lighting
  3. Walk around neighborhood looking at Christmas light decorations
  4. Watching movies at home

Doing these events could give you a new holiday tradition that doesn’t cost an arm and a leg.

Track Spending

Creating a budget can be a great idea but if you don’t follow it, then you will be spending extra for the holidays.

Writing down how much you have spent on all your holiday expenses can help you keep track of what you paid for each item.

I usually write it down on my computer so that I have a record of it for next year. The holidays can get very busy and having a record for myself of what I did last year can help me remember what are the best ways to save.

When I go holiday shopping, I immediately put what each item cost into my phone so that I have a record of it.

So often it can be hard to track down the receipt days later as opposed to writing it down in the moment.

The more consistently you practice tracking your holiday expenses the better prepared to save you will be for next year.

Holiday Dinner Table with Food
Cut Down on Food Prep with A Potluck

Cut Down on Food Prep with A Potluck

Having everyone bring a food dish can help cut down on how much you have to cook and prepare for the big holiday meals, which will save big money and effort.

Splitting up the work like this can make the holidays less work for you and give everyone a reasonable responsibility.

I have a small family but we all bring at least one food dish or drink for the big holiday meals and this way there is much less work for any single person.

An email is sent out 1 to 2 weeks before the big meal and this email has everyone’s dish that they are supposed to bring.

Especially if you have a bigger family, then using this potluck idea can greatly cut down on the money spent and stress for this meal.

Adopt New Holiday Saving Tips

There are many ways to save money during the holidays but using these tips will give you an extra strong chance at saving.

I hope that you liked this post and found useful information on how to save money for the holidays.

If you have any questions, please leave them below and I will answer them as best as I can.

6 Replies to “How to Save Money For The Holidays -10 Tips”

  1. I love this post as it’s full of such useful advice on saving money. Much of what you suggest I already do, and it really does help stop over spending. I always create a shopping list on my phone, even though I still find extras to add to my basket! I also keep a file of spending on my computer, just like you suggested! E-cards are a far better way to send greetings, and as you mentioned, many are really nice with lovely messages and illustrations. If you have lots of friends it can save a fortune in postage. What a wonderful idea to have a potluck family meal, I’m sure it’s great fun as well as saving money:)

    1. I am glad that you liked the post and already use some of these tips!
      There can be many ways to do fun activities during the holidays without spending a ton.
      I definitely like E-cards and have gotten a few really great ones.
      Thanks for visiting my site!

  2. I definitely can relate to taking the time to do research on my deals. Thanks for the tip on sending out E-Cards did not think to do that, but it’s very smart and still gets the effort across.

    Great post!

  3. Jesse, my husband had I had struggled financially in our first year of marriage and we saw changes when we practiced some of the options you provided. like you said, we cut down extra spending like eating out every week and fast food, and we were amazed to see how saving $7.50 can add up in a week. During Christmas we went to only free shows like you said, Tree lighting, walking around the neighborhood (this is actually our fun Christmas tradition). You gave very accurate ideas because I tried it and it worked!

    1. I am happy to hear that some of these ideas worked for you!
      The holidays can be expensive but it sounds like you both have been able to reduce the expense and have more fun.
      I’m very glad that you enjoyed this post!

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