Nine Christmas Time and Money Saving Tips That Will Save Your Sanity (and Money Too) (2024)


During one of our first Christmas Eves I had a meltdown.Husband waited until the very last second to purchase and wrap gifts because wewere waiting on payday (we run a cash only house with the exception of ourmortgage and car payments.)

We stayed up until the wee hours of the nightwrapping gifts. Wrapping gifts less than 24 hours before the paper is rippedoff seems pointless. Not to mention, I try to keep Christmas Eve lowkey and chill time to gear up for the happy Christmas frenzy the following day.

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I knew things had to change unless I wanted to ruin everysingle holiday for the rest of our lives with an annual argument.

I learned if I started doing a little bit here and therethroughout the year I have enough things done or know what needs tobe done that my sanity and budget are saved when Christmas time rollsaround. No more Christmas meltdowns in this house!

This also helps me combat Cabin Fever or, as I like to callit Boring Winter Months Where I Am Looking for Low Coast Stuff to Do So I Don’t GoCrazy When We are Snowed In Projects.

There are things I do in various combinations and some not atall if it doesn’t fit that year that save me from reliving that last minutegift buying and wrapping meltdown every Christmas.

9 Things You Need to Do Now to Save Money and Sanity Next Christmas

1. Start a ChristmasClub. If there is only one tip you follow on this list starting aChristmas Club should be it. A Christmas Club is a separate savings accountwhere you deposit money throughout the year. The total amount is automaticallytransferred into your checking/debit card account before the holidays. Theregenerally isn’t a minimum or maximum you can deposit into your account so evendepositing something small like $10 a week from your paycheck will give you $520 of your own money to spendon Christmas when the money becomes available in October!

2. Start or add to aBox of Gift Boxes and/or Gift Bags. My mother and my grandmother always had abox of gift boxes stored with the Christmas decorations. I thought it was normal to have one until I mentioned it to my sister in law and she looked at me like I had three heads when I said, "isn's it in your box of boxes?"

My box of gift boxesand bags saves precious time and sanity than a mega money saver. I can blowthrough wrapping gifts for birthdays weddings, and Christmas in record speed because I have all of the boxes and giftbags I need at my fingertips.

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I buyclear storage tubs because it is easier to identify the bin I need. Plastic bins saved my stuff from a burst water pipe that's why I use them over cardboard boxes.

3. Start or add to a giftwrapping paper and bow box. Just like the box of gift boxes, I grew upthinking everyone had a gift wrapping box full of gift tags, wrapping paper,and ribbon like my mother and grandmother. I try to save bows and ribbon when Ican and add little bits and bobs that may make a pretty gift topper such asfake flowers (I try to keep it eco on the the flower front but sometimes stuff still comes my way.)

I eventually decided to buy a special wrapping paper storage tubwhen I found a large stash of discounted Christmas wrapping paper I bought andlost in our old apartment. I didn’t have to buy new wrapping paper or reuse oldwrapping paper for the first six years we had our new home because I didn’thave one spot for everything. Now I do.

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I bought the Honey Do Gift Wrap and Storage Box (really that's the name) because it stores gift wrap, ribbon, and bows together and fits under our bed.

4. Shop afterChristmas sales with care and caution. Sometimes you can get the things youneed now like Husband’s wool winter coat I got at an even bigger discount because I had to sew on a button or for later like the perfect family gift Ibought for someone for 2013. Just don’t go crazy buying super mega discountedstuff you’re only buying because it is a deal. Buying discounted stuff you neveruse doesn’t save anyone money.

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5. Make reusablecloth gift bags. Get the directions here.As much as I enjoy wrapping a pretty gift, in recent years Iended up missing my favorite Christmas activities because I was stuck inSanta’s Little Sweatshop wrapping gifts. I didn’t have time to make cloth giftbags during the Christmas season when I first saw the idea. I made them afterthe holiday for the following year. This tip Changed. My. Life! I havegifts wrapped and under the tree 10 minutes after they hit the door to the house. I didn’tmiss any of my favorite activities this year and my sister in law ooh’ed and ah’ed overmy gift wrap because I usedvelvetsand brocades I had in my costumingstash. For me this life saver was a freebie.

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This tip may not work for you if you have a gift peeker inyour house. Fortunately, we do not.

6. Buy holiday food(turkey, ham, cranberries, etc.) at a discount and freeze for later.Husband and I grocery shop after every major holiday to buy Thanksgivingturkeys, Easter hams, St Patrick’s Day corned beef, etc. at a significantdiscount because the stores are trying to get rid of their holiday stock afterthe holiday. I have a discounted duck in my freezer right now!

7. Make or print nextyear’s gift tags. I hate buying gift tags because I lazy, cheap, and hatetossing/recycling one use items. I make gift tags using scrapbook stencils andpunches to cut circles, ovals, squares (whatever the design allows) from oldChristmas cards. Sometimes I make gifttags from old business cards. This year I just printed and cut out a bunch offree printable gift tags I pinned to my Pinterest Gift Wrapping board. I stickthem in my gift wrapping paper and bowbox for the following year.

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Learn how to make my Put a Bird on It Portlandia gift tag here.

8. Start an idea list.If I am not Christmas shopping for gift year round I am shopping for giftideas. Read my tips here.This is a time, money, and sanity saver! I can use cash to buy gifts as I see them(sometimes on sale), have time to make them before the holiday rush, and havesome of my shopping done by the time Black Friday rolls around where in perfectyears I’ve finished my shopping – with cash because I used my Christmas Clubsavings.

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9 Make all thoseChristmas crafts you pinned on Pinterest and didn’t have time to make for thisyear now during a boring snow day for next year. I pin. You pin. How many of us actually DOthe projects and recipes we pin? Do them now while you have the time! MyChristmas Winter Holiday Pinterest board has a bunch of ideas.Follow me on Pinterest and I’ll follow you back!

What do you do to for a stress free holiday?

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Nine Christmas Time and Money Saving Tips That Will Save Your Sanity (and Money Too) (2024)

FAQs

What is the secret to saving money? ›

Set a savings goal.

Sometimes the best way to save money is by setting a savings goal—a specific dollar amount with a set deadline. You can try the 100 Envelope Challenge to hit a $5,050 goal or use our Savings Tracker and fill in whatever amount you want.

How much do you save in the 365 Day Challenge? ›

It's easy to save a penny, right? Save $0.01 on day one and $0.02 on day two, continuing to add another penny to your savings goal each day. The penny challenge can save you over $600 in just a year!

How do I start saving for Christmas? ›

Saving money for Christmas
  1. Talk to your friends and family.
  2. Set a budget.
  3. Saving for Christmas.
  4. Borrowing for Christmas.
  5. Consider starting some new Christmas traditions.
  6. Should you join a Christmas savings club?
  7. Don't be afraid to share your worries.

How to stop spending at Christmas? ›

We look at some of the best ways to cut back or plan ahead, to make the most of the holidays while keeping your finances healthy.
  1. Avoiding waste can help cut costs. ...
  2. Work together to keep budgets down. ...
  3. Plan ahead to make savings. ...
  4. Pool resources with friends and family. ...
  5. Make the most of promotions and free experiences.

What's a good budget for Christmas? ›

Clearpoint, the credit-counseling nonprofit, suggests a simple target for holiday budgeting: Plan to spend 1.5% of your annual income. For a family that earns $75,000 a year, that works out to $1,125. Sliding buttons allow you to allocate shares of the total to gifts, parties, travel, donations and food.

How to secretly save money? ›

If it isn't safe or suitable for you to open a bank account or get a prepaid card, another option is to keep a money stash (sometimes called “money under the mattress”), which is cash you keep hidden in a safe location your harm doer doesn't know about.

What is the golden rule of saving money? ›

The rule is simple: spend less than you earn. The basic idea behind the Golden Rule of Spending is that you should always spend less than you earn. This means that you should only spend what you make in income, and you should be careful to budget your money in a way that allows you to save and invest for the future.

How can I save $1000 fast? ›

Financial expert Dave Ramsey has a lot of ideas on the subject, and here are some of the most practical ways to save your first $1,000 quickly.
  1. Cancel Subscriptions. ...
  2. Bring Your Own Lunch. ...
  3. Avoid Coffee Out. ...
  4. Re-Sell Old Items. ...
  5. Shop at Cheaper Grocery Stores With Rewards Programs. ...
  6. Buy Generic. ...
  7. Join a Carpool.
Dec 28, 2023

How much is $1 dollar a day for a year? ›

The answer to that question depends on interest rates or rates of return. With no interest involved, putting one dollar a day into a bank account (or a jar at home) will see you end up with $365 in a year. Multiply that amount by 30 years and you'll end up with $10,950.

How do you save $1 a week then $2? ›

Getting started is simple: During your first week, you save $1. The next week, stash away $2. Increase the amount saved by $1 each week for 52 weeks — a full year.

What is the 7 day penny challenge? ›

The premise of the Penny Challenge is simple: You start by saving one penny on day one, two pennies on day two, three pennies on day three, and so on. Each day, you increase the number of pennies you save by one until day 365, where you will save $3.65.

How to save for xmas 2024? ›

The best way to start saving for Christmas next year is to look at your finances and track how much you can realistically save each month. Review your bank statements and assess where your money is spent. Plus, if you can find any miscellaneous direct debits that you don't need anymore and can delete - bonus points!

How to start saving money? ›

5 simple steps to start saving
  1. Set one specific goal. Rather than socking away money into a savings account, set specific goals for your savings. ...
  2. Budget for savings. Just because you decide to save doesn't mean it's going to happen. ...
  3. Make saving automatic. ...
  4. Keep separate accounts. ...
  5. Monitor & watch it grow.

How can I make easy Christmas money? ›

Well, we've got some ideas for you to help you bring in a little extra festive spending cash.
  1. Start an Online Shop. ...
  2. Cash in Your Gift Cards. ...
  3. Sell Old Presents. ...
  4. Offer Your Services. ...
  5. Sell Your Artwork/Photography. ...
  6. Freelance Writing. ...
  7. Teach Online. ...
  8. Have a Homemade Christmas.
Jan 31, 2024

How can I be frugal at Christmas? ›

The experts: money gurus' 20 failsafe, frugal tips to keep Christmas overspend at bay
  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 much is a good amount to save for Christmas? ›

However, a common guideline is to allocate around 1-2% of your annual income for gifts. Again, it's super important to set a budget that aligns with your financial health and priorities, which ensures a joyful holiday season with minimal financial stress.

How do I recover financially from Christmas? ›

Here's her advice on how to recover from the expenses of the holidays by focusing on spending less, earning more and putting your savings to good use.
  1. Start with a no-spend month. ...
  2. Cut unnecessary expenses from your budget. ...
  3. Earn extra cash fast. ...
  4. Transfer your credit card balances. ...
  5. The bottom line.
Jan 4, 2024

How much to spend on each kid for Christmas? ›

In my family, for example, we set a budget and go from there—and many families do the same. According to a November 2022 study, most parents are budgeting $220 for each child—with the highest budgets for 7 to 12-year-olds, though 28% of those surveyed are trying to keep it below $100.

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