150+ Ways to Save Money Over the Holidays

It’s the season where some are running around trying to find last minute gifts.  With all the pressure to get appropriate gifts in a short time line may result in overspending just for the sheer convenience.

Before we get too caught up in the rush, here are some ways to save money over the holidays:

1. Use LED Lights – For those of you decorating with Christmas lights this year, use the LED Christmas lights instead of the incandescent ones.  Not only are LED solutions more environmentally friendly, they will help reduce that dreaded winter power bill.

2. Use the Secret Santa System – Instead of giving gifts to all of your siblings, or to every single one of your friends in your circle, how about using secret Santa system for each group instead?  Implementing this system will help reduce the pressure and expense of purchasing so many gifts.

3. Re-Gifting –  This seems to be a hot topic this holiday season as other bloggers have debated this issue.  Personally, I have no problem with re-gifting.  In fact, I think that it’s a great idea!  If you receive a gift that’s not right for you, why not package it up and give it to someone who might enjoy it?

4. Give a Personal Gift – If you have the creative skills, how about baking a cake, making some cookies or creating a craft as a gift?  Not only can this be economical, it’s a gift straight from the heart.

5. Donate to a Charity – Lets face it, a lot of people that you know do not need another gift this holiday season, however, charities are always in need of contributions.  Try donating to a charity in someones behalf.  The benefits?  All parties involved will feel good about giving plus you’ll receive a donation tax credit to boot!

6. Have a Plan – Make a shopping plan and write it down, not only will it save time, it will save money by preventing the purchase of spontaneous gifts.

To add to this list, I asked other personal bloggers about how to save money over the holidays:

Being Frugal lists 50 frugal christmas ideas.

Money Ning explains 32 sensible tips for the holiday shopping season.

Bible Money Matters also has 50 frugal gift ideas.

Digerati Life gives us the best coupon sites for online shoppers.

The Smarter Wallet lists some frugal gift ideas for the holiday season.

Moolanomy gives us 9 smart holidays shopping tips.

Cash Money Life shows us how to find holiday travel deals.

Mr. Grinch, I mean Mike from Four Pillars suggests to not give any Christmas gifts at all!

Happy Holidays!

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FT

FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.
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Debt Concolidation Saskatoon
11 years ago

Great tips for the holiday season. People can also benefit from shopping online. It helps the unnecessary pile up of gifts you don’t really need but do end up buying because they are right in front of you. Having a set list of gifts to buy is a must during the holiday season. Thanks for sharing the additional links as well.

Pett
12 years ago

Hi,
Super post, Need to mark it on Digg

Thanks
Pett

Meredith
12 years ago

I was so fed up paying the high electric bills, I decided to try out LED lights. I bought the LED lights to replace my old bulbs – CFL and incandescent – and guess what – my electric bills did drop a lot!

MoneyNing
12 years ago

Doh everyone saw this post on the 18th except me! Thank you so much for the link! :)

With regards to the tip about LED lights, I always wondered what the electrical bills of the people that setup beautiful lights like the one shown on the picture will be.

Lynnae
12 years ago

Thanks for the mention! I personally love tip #4! It’s so much better to receive something personal, than some coffee gift box from Target.

Thanks for the mention!

Dividend Growth Investor
12 years ago

Lol, I am thinking of sending cards to people saying something like: ” A donation from your name has been made to the New York Ballet Institute”..

Gregg Sims
12 years ago

From the title I was going to say that this list must have taken ages to put together ;)

For the points you’ve added here, number 2 is definitely my favourite. It adds a little mystery to the now very-commercialised Christmas’ we have.

Bill M
12 years ago

Build baskets of chocolate and other goodies, they look nice, and you save a bunch of money.

Craig
12 years ago

Thanks Icowan. I’m like you, have done more shopping online and will continue to. Thanks for the link.

lcowan
12 years ago

I agree with Craig –I love the concept of re-gifting but I don’t have anything to re-gift. This year I did all of my holiday shopping online – I don’t know why I’ve never done it before, its great. Most of the stores right now have free shipping and wrap! Actually there is a fabulous new site that you must check out called iStorez. They have all of the latest sales and deals from all of the major retailers. Here’s a link to the site http://www.istorez.com/