Thursday, May 13, 2021

How to save money on Christmas gifts

Five ways to save money while Christmas shopping

It's far too easy to overspend while shopping for Christmas gifts - especially if you don't know what you want to buy and if you leave your shopping until the last minute. So, to help keep you from overspending this holiday season, here are five ways to save money while Christmas shopping. After these five tips, we also discuss the Four Gift Rule, another easy strategy you can implement to save money on your Christmas gift list.

1. Start early.

Your gift options will be limited if you wait too long. This means, you'll probably end up buying anything that grabs your interest, regardless of how much the items cost. By starting your Christmas shopping early, you can take advantage of additional sales cycles and be more selective about what you buy.

2. Make a list.

Before you go shopping, make a list of people you need to buy for with ideas about what you'd like to get each person. Bringing a thorough list of the items you'd like to buy can help keep you from accidentally buying too much for certain people. Overspending on certain people often leads to overspending on others to maintain a sense of balance.

3. Shop online.

Online shopping allows for easier price comparisons, so shop around online to find each item's best price before spending any money. Do be sure to factor in the cost of shipping when comparing prices, however, and look for free shipping options whenever possible to further increase your savings.

4. Get couponing.

There are various couponing apps and websites that provide coupon codes and printable coupons for many of the more popular stores. You can often save fifteen percent or more by simply typing in the right coupon code or handing over the right printed coupon during the checkout process.

5. Use moneyback apps and credit cards.

Moneyback apps and certain credit cards will give you back a percentage of your total spend amount from every qualified purchase you make. By simply clicking through an app or paying with the right credit card, you can receive a little money back each time you purchase a gift.

Saving money while Christmas shopping doesn't have to be an impossible task. By starting early, making a list, shopping online, couponing, and using moneyback apps and credit cards, you'll be able to avoid overspending this holiday season and maybe even get a little money back in return.

Christmas on a budget: The Four Gift Rule

If you're strapped for cash this Christmas, you might be looking for new ways to cut back on your spending. One way to do this is to enact the Four Gift Rule. So, just what is the Four Gift Rule? It's exactly what it sounds like, but with a small twist. While the main idea is that you only give four gifts to each participating person, the small twist is that you must prepare a gift for each category of want, need, wear, and read.

By following the Four Gift Rule this Christmas, you can drastically cut back on your overall gift spending, while ensuring that each recipient receives a gift they want, a gift they need, a gift they'll wear, and a gift they can read. Be sure to consider each gift carefully because the key here is quality, not quantity.

Another benefit of having a four gift Christmas is that you'll also save money on wrapping supplies, which too can be quite expensive. Plus, you'll spend less time picking up piles of wrapping paper after the gift exchange, so you can spend more time enjoying the rest of your day with family and friends.

It can be hard to find ways to cut back on Christmas spending, especially if you have a large list of people to buy for. That is why ideas like the Four Gift Rule can be quite useful during the holiday season. So, if the Four Gift Rule sounds like something you'd like to try this Christmas, then don't hesitate to suggest the idea to any family members or friends that you tend to go a little overboard on. If all goes well, then the Four Gift Rule might even become your newest Christmas tradition!

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