This is a guest post by Jasmine of Canadian Savers.
Halloween is over, and that means Christmas is near!
I get so excited around this time of year. Not only about all the awesome gifts I get to give, but also because I get to see all the people I care about under the same roof.
Here’s the thing: Christmas requires a budget of its own, and it’s about time you start saving for your Christmas shopping (if you haven’t already!). Here are a few tips to help you save money on Christmas gifts:
1. Take advantage of post-Christmas sales
Alright, so I know this may sound a bit strange, but it’s a great way to save money on gift giving. The trick is to “predict” what you might want to give your loved ones next Christmas by shopping for their gifts right after this Christmas.
The reason to do this is because you can save a lot of money. Sometimes you can save up to 90% off various gift products during this period (usually January, and sometimes into February).
2. Shop for sale items
If you want to save money, your goal should be to never pay full price for anything – ever.
The next time you make a purchase, ask yourself this question: “why should I pay full price for this item when a sale is likely going to take place soon?”.
Be patient and your savings can really start to add up.
3. Give homemade gifts
There’s nothing that shows how much you care for someone more than a homemade gift.
It shows that you love that your friends and family enough to set time aside to create something thoughtful – just for them.
If you don’t think that you have much free time to create these homemade gifts, consider just making them for your closest family and friends.
4. Stick to your budget
I cannot stress this enough – it’s really important to take control of your budget and limit the amount you plan to spend.
Many of us make the mistake of buying expensive gifts for our loved ones, and yes, they totally deserve the best, but if you can’t afford to give expensive gifts, you shouldn’t.
Don’t worry, they’ll understand, because I bet they face the same dilemma every year – just like you!
5. Don’t forget your Canadian coupons
Make sure that you always keep your coupons organized. Those coupons can save you tons of money.
During this time of year especially, try not to leave your house without your coupon binder (or whatever else you have your coupons stashed in).
Lots of clothing stores, such as Old Navy, Banana Republic, La Vie en Rose, Suzy Shier, and more, release printable coupons and online coupon codes to help you save money.
Other stores, like Pier 1 Imports for example, help you save money on decorations with their printable coupons.
6. Fill stockings with free product samples
If you have a bunch of samples on hand, you can use them to top up a few Christmas stockings.
They also work great in gift baskets, if you have many different types of samples that you can give.
My husband and I have a lot of relatives and friends coming to our home this Christmas, and frankly, I can’t wait!
We have our budget set and we’re ready to go deal hunting (and, actually, since we started shopping early, half of the gifts are already taken care of!).
Ever since we started living by the rules above, we actually found that we can easily save money on Christmas gifts!
How are you saving money on Christmas gifts?
Jasmine is the co-founder of Canadian Savers. It was founded by Jasmine & Julia, two childhood friends that are both married with kids, and who used to struggle with their bills. After ordering a few free freebies, they asked themselves “why should we pay more, when we can pay less”? That’s when they decided to start a website that is solely dedicated to helping other Canadians save money.