Gift-giving is many people’s love language. But as nice as it is to both give and receive, it’s a pricey cycle that can leave you in a tough spot. Here are ten bits of advice to help you give more while spending less!
Establish a Budget
Budgeting is everyone’s first suggestion for the frugal focused, but budgeting with those you typically give gifts to is vital. Set a spending ceiling that everyone can agree on so no one feels obligated to give beyond their means.
Skip the (Professional) Gift Wrap
Always have gift wrap on hand or reuse old gift wrap and bags to save yourself on one of the most absurd expenses tied to gift-giving: professional gift wrap. And don’t forget to shop early so you don’t have to scramble and spend more money to have it look presentable.
Give Meaningful Gifts
If you’re going to spend money on someone, then it should be something meaningful. Buying gifts that don’t have any sentimental value isn’t valuable for you or the receiver.
Give Useful Gifts
You don’t want to give gifts that end up being a burden for the receiver. If there isn’t a sentimental element, then it should at least be something they’ll use.
Authenticity First
Do you want to give this person a gift? Or does the giving stem from obligation? Save yourself some money by sticking to your guns: be authentic and purposeful with whom you’re giving gifts and why.
Shop Local and Make It Special
Buying local isn’t necessarily more or less expensive, but it does make the value of what you buy often more meaningful. When you’ve purchased a run-of-the-mill gift from a big box store, it’s just not worth your money as much as something crafted or sourced by local artisans.
Get Creative and Crafty
Probably the best piece of advice for frugal gift-giving is to make something! This is an excellent tip if you’re someone into trades like woodworking or jewelry making; harness that creativity and turn it into something one-of-a-kind for your gift-ee!
When in Doubt, Bake
Baked goods are always a hit. Baking takes a lot of effort, so people will feel cared for and thought of when you bring in a box of their favorite cookies! Plus, you might have everything you need to make a sweet treat already in your pantry!
Gift Someone Your Time
Quality time with someone can be a gift. But so can extending your time as a service. Offering your friends with kids some babysitting services so they can have a night out or helping your friend move from their apartment are two excellent examples of gifting time in a meaningful way.
Skip the Gift if Needed
If you’re strapped for cash, then you shouldn’t feel stressed to spend beyond your means. If necessary, chat with those you’re exchanging gifts with and come up with some alternatives that don’t cost money. Or if there isn’t a special occasion or real reason to give the gift, then maybe hold off until there is. It’s nice to give “just because,” but not at your own expense.
