How I (try to) Save Money During Christmas

Christmas is coming up and the shopping season has kicked off in full force.  As the theme of the Canadian Tour of Personal Finance Blogs is saving during Christmas, this post is about how I save money during the Christmas shopping/holiday season.

What are some ways to save money during Christmas?

  • Set a budget of how much you are willing to spend on Christmas gifts and stick to it.  You'll be surprised how much you can control your spending by simply setting a goal.
  • Instead of buying an extravagant gift for your spouse, how about going in on a gift for the house instead that will benefit you both?
  • If you have kids, buy them one item from their letter to Santa instead of every item.  Spoiled kids don't make happier kids. 
  • If you have a lot of siblings/friends, instead of buying gifts for all of them, why not get together and have a secret Santa type system.  That way, you'll only have to buy a gift for 1 sibling/friend instead of many.  Also, set an agreed upon price limit to the gift.
  • If you have a crafty/artistic/baker side, how about making a gift instead of buying one?  It may take a bit more time, but the gift will mean a lot more.
  • Instead of buying a $40 real tree every year, try a quality plastic tree for $80-100 and keep it for as long as you can.  Or even better, go out and cut down your own tree.
  • If you decorate your house with Christmas lights, use LED lights to reduce your light bill.

Those are some ways that I save money during Christmas.  Do you have anything to add?

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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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10 years ago

I use free Christmas e-cards and print-at-home cards. They’re a great way to save money during the holidays. They’re also quick and modern. has all sorts of ecards for free.

If you’d rather mail your cards, but want to print them on your home printer, another site is:

They have free downloadable quarter-fold and half-fold printable cards as well as e-cards. Not a ton of designs, but what they have is very classy. I used their beautiful “red bow” half-fold card this year.

Merry Christmas and keep saving!

Ian Miller
10 years ago

Set a budget and keep to it! Shop in advance if possible.

12 years ago

Good suggestions, Frugal, I especially like the first one. What do you suppose would happen if everybody just paid cash this holiday season?

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13 years ago

Yes there are so many ways to save..

This year my sis and I are only doing kid gifts and photos..who really needs another pair of pjs.

As well for teacher gifts we are going handmade this year..each teacher is getting a canister of snowman soup.

Mrs. Micah
13 years ago

My extended family does a 1 gift swap with name drawing and price limits. Means everyone who wants something gets something, means people can afford 1 nice present instead of something cheap for everyone, and means you can opt out without depriving anyone (unless everyone but one person opted out).

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