Giving gifts does not have to bust the budget or be mind bending experience. As the old adage goes, “It is the thought that counts”. This goes to show that people can start cutting back on gifts that would cost them hundreds of dollars and still make people smile. It is best to opt for things that may not be that expensive but would definitely bring joy and amusement to the one who will receive the gift.
So, if you want to give gifts but with a tight budget, worry no more because there are many ways to cut back on the prices but still be able to give gifts that will be deeply appreciated
1. Plan Ahead
It doesn’t matter if it’s for birthdays, holidays, graduation, baby shower, anniversary etc. Start thinking about your gift options like six months in advance. Start a separate savings account for these types of things. That should allow you time enough to not only save but also shop around for the best available purchase options. This will keep you from the hustle and bustle of last minute impulse buying.
2. Start a Gift Closet
If you have not done this before, try to do it now. Shop for gifts the whole year-round. This would mean less hassle and less expense, a definite money-saver.
The point here is that if you do not plan in advance, you will end up spending more.
You could try buying gifts at bazaars, special sales, and out-of-town trips, which you can deposit in your gift closet. In this way, you can buy the items at a much lower price than it would be sold for during the holidays.
However, to make sure that you do not give the same gift twice, you should make an inventory of all your gifts. This will also allow you to keep tabs on what you have in your stock.
Alternatively, apart from stockpiling gifts, collect wrapping paper, ribbons, and other accents as well. A gift is better appreciated when it is beautifully wrapped.
3. Be Creative
Nothing could be more amusing than a gift that was specially made by the person who gave the gift. Personalizing you gifts is far better than commercially made items. In this way, you do not only create a smile to the one who will receive the gift but would also cut back a large amount from your expenses.
4. Give Gift Cards
Gift cards may seem so impersonal at first but trust me, there’s nothing worse than giving a gift that no one likes. A gift card gives the recipient a chance to grab something that they’ll enjoy because they’ve picked it out and it’s paid for. A definite win win for everyone.
One of the best ways of saving money on gifts is to be organized with the process. That is, before going to the store to shop for the gifts, always bring with you a shopping list. It should be stated there the names of the person to whom you will give the gift and the budget for each person.
The bottom line is that gifts should not be expensive. What matters most is that you have thought of the person on that very special day and that’s enough to make them feel they are special to you.