Episode 90: How to Save Money During Christmas and Other Holidays, Dec 20, 2011.
Today I share tips and tricks from the Financial Excellence community about how to save money on Christmas gifts, decorations, and other holiday expenses. We had a lot of suggestions, including some from my friends at Super Frugalette, Sparing-Change, The Single Saver, and Smart Family Finance. Thanks guys!
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- Many of the suggestions sent in involved not spending any money at all. From making gifts to baking gifts, we shared a lot of ways to get creative with gifts this year and save some money.
- Several of our listeners, like Lindsey and AJGrifdog, recommended having a plan for your gift giving. It helps to set aside a little each month so you have the money to spend when it’s time to shop. Here is the Gift Planning & Budgeting Worksheet Janelle and I use each year.
- Charitable donations were another common suggestion. Not only do you avoid giving someone something they don’t need, but you’re able to make a true difference in someone’s life. Plus, you get a tax deduction. Win-win-win!
- Meg at Sparing-Change shared how she makes homemade wines and jams for friends and family. I got thirsty reading her post!
- Denise at The Single Saver recently wrote a 12-day series sharing some great money saving tips. Check it out!
- Super Frugalette says it’s ok to say, “I am not in a financial position to exchange gifts this year and I would prefer we didn’t.” I couldn’t agree more. If the shoe fits, don’t be afraid to say that to someone.
- Shaun at Smart Family Finances reminded us of the creative gift-giving ideas that give you tax deductions.
- Newlyweds on a budget shared a post about their Christmas on a dime as newlyweds. We didn’t get it in time for the show but it’s a good post and worth sharing. Check it out when you get a chance. Miss T at Prairie Eco-Thrifter also recommended pot luck dinners to save on the food prep costs, which my family has been doing for a while and I LOVE.
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