Save on Holiday Gifts and Prevent Overspending

Are you thinking about Christmas yet? I know it’s early.  Some of you may even be complaining about the Christmas items showing up in store already.  However, if you want to save on your holiday gifts and prevent overspending, you need to start planning now. Don’t get stuck with a mound of bills and buyer’s remorse during the new year. These easy tips will help get you on the right track to rock your holiday budget this year.

Last year the average family of four planned to spend over $600 on gifts for immediate family! Join the #DIYHolidayChallenge to save on holiday gifts and prevent overspending this season!

The Numbers

According to an article published last December on Mintlife.com “mothers expect[ed] to spend $224 on average for gifts for each child” and a similar amount on their spouses (How Much to Spend on Christmas Gifts for Kids by Mary Hiers).  For a family of four, that adds up to over $600!  That number doesn’t even include extended family, friends, and coworkers.  Also, that is just what the women surveyed planned to spend.  How many people do you know (or perhaps have had it happen to you) that have been remorseful of overspending after the holidays?  Planning early can help you avoid this because remorse has no place in a season that is supposed to be filled with joy and love.

 

[bctt tweet=”Save on your holiday gifts and prevent overspending by planning now with these tips! ” username=”diyadulation”]

 

Determine Your Total Budget

The first step in planning is determining your total holiday budget.  This step is crucial to preventing over-spending.  Before you buy any gifts or even brainstorm gift ideas, sit down and think about what you realistically have to spend on gifts.  If your budget looks too small to fulfill all of your gifting needs/obligations, don’t worry.  I can help you achieve an amazing holiday on a small budget.

 

Join the #DIYHolidayChallenge to save on holiday gifts and prevent overspending this season!

Allocate Funds

Once you determine what you truly have to spend, it is time to divide that total amount among all of the people on your list.  Obviously your immediate family is going to get more of the budget than friends or coworkers and that’s okay.  Don’t worry if you are staring at only five to spend on a friend.  Again, I can help you with that.

 

Plan for DIY Projects

The caveat is that a small budget requires early planning and often a lot of do-it-yourself ideas.  Lucky for you that you have a secret weapon: DIY Adulation.

Starting now, subscribers will have access to a VIP only holiday page that will have a new frugal DIY gift idea every Saturday!  This exclusive page will help you create beautiful, handmade gifts for every person on your list that they will actually want.  How do I know it can be done?  I know because I have been doing this for our family for years now.

The Challenge

Every year we have saved more and more on gifts.  This year’s goal is a $500 budget.  Yep, $500 for all of the 30 people on our shopping list.  Sign up for our newsletter and be a part of this holiday journey now with a free printable Holiday Gift Budget available only to subscribers.  You will also get to see our family’s budget at the end of the season to see if I achieve the $500 holiday goal!  Join the challenge and save on holiday gifts this year!

Make this your most joyous holiday season ever by avoiding the overspending remorse later.  You can do it and I’ll be here to help you along the way.

See where I’m linking up!

 

15 Frugal Tips and Ideas for Kid Stockings

Stockings are one of those overlooked gift categories that can quickly lead to overspending. You might think, “Oh, I’ll just pick up some candy and be done.” Then you go to fill the stockings the night before and find you don’t have enough items so you or hubs run to the first open store you can find to pick up some last minute bags of candy. Don’t let this be you. First of all, have you seen the price of candy lately?! Not to mention, it is likely the only store you’ll find open on Christmas Eve is a 7/11 where bagged candy is going to cost you double the already outrageous price. In addition, there is also the stress and overspending that come from not having a plan. It is as important to plan your stockings as it is to plan your other holiday gifts. To help you out, here’s a list of 15 frugal tips and ideas for kid stockings so you can achieve maximum savings this year.

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It is just as important to plan your stockings as it is to plan your other holiday gifts. To help you out, I’ve created a list of 15 frugal tips and ideas for kid stockings so you can achieve maximum savings this year.

 

[bctt tweet=”Here is a fantastic list of 15 frugal tips and ideas for kid stockings so you can achieve maximum savings this year.”]

 

It is just as important to plan your stockings as it is to plan your other holiday gifts. To help you out, I’ve created a list of 15 frugal tips and ideas for kid stockings so you can achieve maximum savings this year.

Frugal Stocking Stuffers (for kids)

Playdoh 

You can buy a multipack of Playdoh (I have found brand new packs in thrift stores before) and then separate them between all of your children’s stockings.

Small Craft Kits

Get adorable craft kits at Michaels for $1.00 per kit. Save even more by purchasing these with coupons or on clearance. 

Jewelry 

Kids love jewelry and you can easily make kid-friendly items for them using wooden or plastic beads. The possibilities with this stocking stuffer are endless.

Finger Puppets 

Finger puppets are so cute and easy to make. The best thing about them is that they don’t take up a ton of room so storage after the holidays is a breeze.

Make Your Own Candy

Save on the candy by making you own. Just be sure to wrap it in some way before adding it to the stocking. You do not want to have to clean a big, sticky mess out of the stocking later.

Scarves 

Scarves are a quick, easy gift to make. Even if you don’t knit or crochet, you still have options for DIY-ing your scarves using fleece, old t-shirts, or your choice of a ton of other fabrics and mediums.

Hats 

This is another gift that you can make. Don’t be scared due to a lack of knitting skills. There are patterns to make hats out of all kinds of materials (some are even no-sew).  

Gift Cards 

Do you remember when we talked about buying gift cards in bulk to save money? Well, stockings are a great place to give them. A smaller amount, like a $5.00 ITunes gift card, doesn’t seem out of place in a stocking.

Books 

Books are an awesome and versatile gift that can be catered to the recipient.  Check thrift stores and used book stores to get great deals on book for your kids.  In many cases you will be able to get them for $1-$2 each, meaning huge savings for your budget!

Temporary Tattoos 

These are another great example of a gift you can buy in a set inexpensively and then split between multiple stockings.  If you’re feeling ambitious (and have the tools and materials necessary) you can also make you own.

 

It is just as important to plan your stockings as it is to plan your other holiday gifts. To help you out, I’ve created a list of 15 frugal tips and ideas for kid stockings so you can achieve maximum savings this year.

Bonus Tips for Saving

Use clearance deals to your advantage.

Keep an eye out for items during the holidays (and year-round) to achieve awesome savings.

Don’t be afraid to put larger gifts in stockings. 

This means it takes fewer gifts to fill up the stocking.  If it fits, it’s fair game to go in.

You can also save on stocking stuffers by downsizing your stockings. 

If you can’t afford to go out and buy smaller stockings, make your existing stockings take less to fill up while still looking full. To do this, stuff the “toe” part of the stocking with Polyfill and then sew closed.

Cut back on the amount of candy you put in the stockings.

You will save money by opting for mostly gifts because, again, candy is expensive! Also, most candy is small meaning it takes a lot more to fill up the stocking. Besides, do you really want to add it to the Christmas candy from last year still sitting in your cabinet?

Plan you stockings. 

I touched on this earlier but it bears repeating. Each stocking should get a spot on your written budget and you should also come up with concrete ideas for what you want to put in them.  Remember, if it is a gift you are spending money on for the holidays then it has to be included in your budget.

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Avoid that holiday sprint to fill stockings and don’t let shopping or crafting for them sneak up on you.  Plan and budget your stockings just as you would your regular holiday gifts.  Use the tips above to get you started.  Tomorrow I’m giving you tips and ideas for your spouse’s stocking.  Be sure to come back and check that out for more awesome ways to save.

See where I’m linking up!

  31 Days of Saving on Holiday Gifts: the free course to help you have you best holiday season yet! From building a strong budgetary foundation to finding small and large ways to save, this will help you knock your holiday gifts out of the park without breaking the bank!                                                     Check out #write31days

Missed the introduction to this series?                 Find out more about #write31day

Click 31 Days of Saving on Holiday Gifts.