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10 Simple Ways to Save Money When Shopping for Christmas Gifts

This gift planning and buying tips may as well say your life!… or at least your wallet. Go about Xmas shopping the smart way and have your eggnog too.

Christmas gift  flying into a shopping cart

1. Plan Your Gift Budget; Don’t Over Spend

 

Looking to lower your Christmas gift expenses? Plan ahead and budget exactly how much your family can afford before going out and making any purchases. Being frugal with your gifts won’t affect the sentimental value; it will only make the rest of your summer holiday more relaxing. Remember knowing how much you have to spend for the rest of your summer holiday will give you peace of mind and allow you to fully appreciate this special time of the year.

 


2. Look Out for Sales and Promos

 

Studies show, there’s an 11% chance retail shops will launch new year promos and sales. Watch out over the holiday season for big discounted prices!


3. Panic Buying Doesn’t Help

 

One of the best ways to save is to buy early. If you think you’re saving money when by panic buying, you’re wrong. In fact, panic buying is one of the major factors to increase the price of commodities.


4. Check the Price Tag

 

Are you sure the product is on sale? Always check the price tag! You should always be aware of the SRP (Suggested Retail Price). This gives you leverage to compare and bargain with retailers and be able to calculate the exact percentage of discounts


5. Decide What Gift to Give

 

Don’t just buy because of appearance. You should consider the value or significance of a gift. The more a recipient benefits from a gift the more they will enjoy it.


6. Choose Practicality Over Luxury

 

When you give, make sure you don’t extend your finances and increase your debt. Gifts do not need to be expensive to be appreciated. Stop gloating if you end up penniless.


7. Try Out DIY Gift Ideas

 

Are you a baker? Are you creative? Why not bring your creative juices to the party? Using your creative talents will not only save you money but provide a more sentimental present for your loved ones.  


8. Make a List of all the Christmas Party Guests

 

Along with your budget, you should plan ahead by knowing who will be attending this special day. Make a separate list for your family, workmates, friends and charity organisation you wish to help. Allocating your budget according to your recipients will help ensure you don’t over spend or miss any participants.


9. Place Orders Early

 

Do you plan on ordering online? Order as soon as you can! This is the busiest time of year for shipping companies, expect delays on delivery. Since it’s nearly Christmas now is the time to place orders on large items or gifts originating from overseas. Aside from that, many shoppers will miss out on special gifts because they will sell out early.


10. Consider Rent to Own Buying Strategies

 

If you don’t have enough money to afford a priced Christmas possession, you could always buy now and pay later. Rent to own companies are becoming all the range. Companies like Direct Appliance rentals provide the opportunity for shoppers to receive their wanted items today and slowly pay them off according to their income. All transactions can be automatically schedule so you don’t need to worry about deadlines. Applications can be made online hassle-free.