10 Christmas Money Saving Tips To Follow to Avoid Going Broke (2024)

Last Updated on July 23, 2018 by NandiNN

Christmas money saving tips you will want to read. This is another roundup blog post for those that are looking ways to save for Christmas or just looking for ways to save money in general for the upcoming holidays. We will be looking at the topChristmas money saving tipsas well as money making tips from the best bloggers from around the world.

As much as we love our eggnog and pumpkin pies, Christmas can be really stressful and expensive. We do not want you going broke especially during this upcoming holiday season.

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We took the time to surf the net, and we came up with the best Christmas money saving tips and money making tips that you can implement right now to relieve the stress from your holiday budget. The holidays may seem far away now, but saving money for Christmas ahead of time is always advised. We hope you are as excited as we are.

It is always ideal to save money for Christmas as early as possible especially if you are planning to have Christmas on Budget this year. This list of Christmas money saving tips is compiled to help you save money for Christmas this year.

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The 10 Best Ways to Save Money on Christmas Shopping

A majority of the money we spend during Christmas is on gift shopping. They are ways around this if you plan appropriately. Maple Money has an amazing list of the best Christmas gift ideas that you can use to save money for Christmas this year.

Ready to have Christmas on a budget? We are! So take a look at the best ways to save money on Christmas shopping.His tips are pretty amazing and can be applied right away. Ever considered shopping on Groupon to get amazing deals on Christmas gifts?

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How to Start Planning for Christmas in July

It’s never too late to plan ahead in order to save for Christmas.Ideally, you want to have enough money to enjoy Christmas and not use your Credit card or go in debt. This is one of the best Christmas money saving tips we can give you.

Deciding how much you are able to spend on Christmas will give you a clear goal of how much you can start putting aside for the holidays. You can then plan to start earning extra cash if putting money aside is too hard on your budget. Either way, this postfrom My Money Coach will help you start planning your Christmas on a budget idea ahead of time.

Related:

10 Awesome last minute Christmas Ideas under $30

8 Ways to make Quick Cash for the Holidays this Year

Saving money is always the best way for you to live a comfortable life to avoid stress. Making extra money for Christmas is also the ideal route to go in order to meet those extra expenses that may come your way.

Want to ensure you have extra cash for the holidays? You can find ways to make extra money on the side that you can put aside for the holiday season.Do not deep into your savings account to pay for Christmas, instead find ways to save and or make extra money to pay for the holidays.

We compiled a list of 8 quick ways you can make some money this coming holiday. You might want to read if you are looking for ways to make extra money this holiday season!

A few other side jobs or things you can start today to make extra money for the holidays include:

– Do online surveys – This survey online pays between $25-/475 per Survey

-You can find out how I was able to make over $400 in just one weekend

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How to create a magical Christmas when you have no money

The holidays are all about spending quality time with family, enjoying a great meal and sharing wonderful moments and memories. They are families out there that can not afford to have a magical moment and that’s why we resonate with this amazing post- How to create a magical Christmas when you have no money.

They are so many ways for you to get creative without spending so much money. We are loving all the Christmas money saving tips from these amazing bloggers. If you are planning a Christmas on a budget this year, you have plenty of holiday ideas to go with.

How to frugally and quickly decorate for Christmas

Christmas money saving tips from amazing bloggers keeps getting better. This time we will show you how to decorate for Christmas on a budget. The cost of Christmas decorations almost triples during the holidays every time. That is insane.

The decoration portion of the holidays is such a big part of Christmas. Miss Liz from Liz Marie Blog has amazing tips for you on how to frugally and quickly decorate for Christmas. Don’t go broke this holiday!

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How to throw a Christmas Party on a Budget

Is it your turn to throw a Christmas party this year? Then these Christmas money saving tips will save you so much money.

If keeping your Christmas party on a budget is how you want to proceed, then starting early is not a bad idea. A few tips for keeping Christmas on a budget this year is to ask everyone to contribute to the party somehow. Party Delights has an amazing post on how you can throw a party on a budget this holiday season!

10 Last Minute Christmas Gift Ideas under $30.00

We understand that some of you may be busy to come up with the best Christmas gift ideas let alone one that fits your budget. If you ran out of time this holiday season and you are looking for Christmas gift ideas that won’t break the bank, then our post is perfect for you.

We rounded up the best last minute gift ideas gift guide for those with little no time to shop for the holidays. This is the perfect time to sign up for Amazon Prime and avoid shipping fees. You can also just use it for the 30-day FREE Trial.

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25 Christmas traditions to start right now

Ashley from Frugal Coupon Living has some amazing tips on Christmas traditions you can start now that won’t cost you an arm and a leg later.

The cutest suggestion she had was to create a Christmas bucket list and fulfill it each day of December! I want to try this with my family this year. It’s easy and simple to do. Want 24 more other ideas? Read all about it here!

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How to not go broke this Christmas Season

We are talking about Christmas money saving tips you can implement this Christmas season to save a lot of money. And this post by Money Minded Mom about how to not go broke this Christmas Season is perfect.

The post is a step by step guide showing you exactly how to be wise and not overspend over the holidays. Our goal is to ensure you still have money left over by the end of the holiday season. It’s one of the best Christmas money saving tips we have come across. Be sure to read the article.

Cheap DIY Christmas gifts that don’t suck

My last but not least, this Christmas money saving tips comes from my favorite blogger the Busy Budgeter. If you are stuck on what gifts to get your loved ones that won’t break the bank then we got you covered. Planning Christmas on a budget just got easier.

The Busy Budgeter has a list of cheap DIY Christmas gifts that don’t stick. You won’t be left feeling embarrassed by the gift you just purchased.

There you have it, a list of Christmas Money Saving tips to ensure you don’t go broke this year.

Don’t forget to follow us onFacebook,Twitter,Instagram, andPinterestfor some more money making/saving money tips.

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The perfect gift guide for her- the boss babe!

How to make an extra $1000 side hustling!

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10 Christmas Money Saving Tips To Follow to Avoid Going Broke (2024)

FAQs

How do I not go broke at Christmas? ›

Set Holiday Spending Limits

The money you can reasonably spend on gifts is money that isn't going to bills. That said, if you want to have a little more to spend, this doesn't have to be just the money left over at the end of the month.

What is the best way to save money for Christmas? ›

Christmas Tips to Save Money
  1. Develop a gift-giving philosophy. Normally, our first suggestion in every instance of life is to budget. ...
  2. Budget. ...
  3. Track your spending. ...
  4. Rein in other spending. ...
  5. Choose time over money. ...
  6. Shop early. ...
  7. Give fewer gifts. ...
  8. Resist retail marketing.
Nov 17, 2023

How can I save money without going broke? ›

General Savings Tips
  1. An emergency fund is a must. ...
  2. Establish your budget. ...
  3. Budget with cash and envelopes. ...
  4. Don't just save money, save for your future. ...
  5. Save automatically. ...
  6. 'Start Small. ...
  7. Start saving for your retirement as early as possible. ...
  8. Take full advantage of employer matches to your retirement plan.

How to limit Christmas spending? ›

Frugal experts share their advice on how to save money this Christmas.
  1. Limit your exposure to unreal expectations of Christmas. ...
  2. Don't throw money at the problem. ...
  3. Consider group presents. ...
  4. Try a Secret Santa. ...
  5. Reject the notion that 'it isn't Christmas without …' ...
  6. Budget for festive spending throughout the year.
Dec 7, 2023

How can I celebrate Christmas without spending a lot of money? ›

Here's what you can do this year if you don't have money for your usual Christmas extravaganza.
  1. Ask friends and family to help. ...
  2. Ask someone else to host. ...
  3. Keep the celebrations small. ...
  4. Apply to Toy Appeals. ...
  5. Don't be afraid to say no. ...
  6. Don't be tempted by payday loans. ...
  7. Trim the kids' expectations.
Nov 26, 2023

How do you survive Christmas on a budget? ›

Christmas on a budget: top tips, statistics & alternatives
  1. Plan ahead before you hit the shops. Don't go into the crowds without a clear budget in mind. ...
  2. Agree on price limits for gifts. ...
  3. Be honest. ...
  4. Watch TV for free. ...
  5. Save on postage. ...
  6. Ask for advice. ...
  7. Loyalty cards. ...
  8. Give an experience.
Dec 10, 2023

What is the envelope trick to save money? ›

The 100-envelope challenge is pretty straightforward: You take 100 envelopes, number each of them and then save the corresponding dollar amount in each envelope. For instance, you put $1 in “Envelope 1,” $2 in “Envelope 2,” and so on. By the end of 100 days, you'll have saved $5,050.

What is a good Christmas budget? ›

What is a Realistic Budget for Christmas Gifts? A realistic budget for Christmas gifts depends on individual financial circ*mstances. However, a common guideline is to allocate around 1-2% of your annual income for gifts.

How to do Christmas on a tight budget? ›

Here's what you can do to cut down on spending this year.
  1. Set a spending limit for all gifts. ...
  2. Bring a thing. ...
  3. Keep it simple. ...
  4. Let food be the star. ...
  5. Opt for inexpensive decorations. ...
  6. Cheap gift wrapping. ...
  7. Buy champers in bulk. ...
  8. Use points.
Dec 1, 2023

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How to save when you're poor? ›

Jaspreet Singh: 10 Ways To Save Money When You're Broke
  1. Quit Using Credit Cards. ...
  2. Cook More at Home. ...
  3. Plan Your Meals. ...
  4. Get Smarter About Free Stuff. ...
  5. Switch Your Provider. ...
  6. Visit Your Library. ...
  7. Look Into Refinancing Your Loans. ...
  8. See Which Perks You're Eligible For.
Oct 14, 2023

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

What is the 7 Christmas rule? ›

Want to know more about the 7 gifts rule? It's where you stick to a budget and buy your loved one (or yourself – no judgement here) a set number of gifts. Each present falls into a different category, and by the 24th; you'll have 7 gifts for them to unwrap.

What are the 5 things for Christmas rule? ›

In the five gift rule, the first four gifts are pretty straightforward - something they want, something they need, something to wear and something to read. Then, the last gift is where you can really have fun. The fifth gift is something they didn't know they wanted.

How do I recover financially from Christmas? ›

Here are seven ways to recover from holiday spending:
  1. Cash in a few vacation days.
  2. Rent out your car.
  3. Get a side gig.
  4. Sell things you don't need.
  5. Renegotiate your monthly bills.
  6. Consider a debt consolidation loan.
  7. Prepare for the next holiday season.
Dec 20, 2023

How do you have a non stressful Christmas? ›

10 tips to reduce stress and take care of yourself during the...
  1. Don't over schedule yourself. ...
  2. Simplify travel and limit car time. ...
  3. Manage gift giving. ...
  4. Be responsible about food and alcohol consumption. ...
  5. Enjoy family on your terms. ...
  6. Respect differences. ...
  7. Take time for yourself. ...
  8. Honor the losses of the year.
Dec 12, 2023

Do people go into debt during Christmas? ›

What might be the greatest gift of all? A debt-free holiday season. As it turns out, many consumers are giving themselves this gift: Just over a third (34%) of Americans went into debt for the holidays, continuing a downward trend from 35% in 2022 and 36% in 2021.

How do you not over indulge at Christmas? ›

We can eat mindfully and yet still very much enjoy different festive foods and drink over Christmas without going completely overboard.
  1. Buy Less. ...
  2. Eat What You Really Want And Pass On The Rest. ...
  3. Keep Food Out Of Sight Or Reach. ...
  4. Create Strategies And Plan. ...
  5. Don't Graze: Each Mouthful Adds Up. ...
  6. Have Some Strategies For TV Eating.

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