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.

Nine Christmas Time and Money Saving Tips That Will Save Your Sanity (and Money Too) (1)

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.

Nine Christmas Time and Money Saving Tips That Will Save Your Sanity (and Money Too) (4)

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.

Nine Christmas Time and Money Saving Tips That Will Save Your Sanity (and Money Too) (5)

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.

Nine Christmas Time and Money Saving Tips That Will Save Your Sanity (and Money Too) (6)

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.

Nine Christmas Time and Money Saving Tips That Will Save Your Sanity (and Money Too) (8)

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

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

The rule says that a person should divide his/her take-home salary into three categories: needs (50%) wants (30%) and savings (20%).

What is the golden rule of saving money? ›

The rule says that a person should divide his/her take-home salary into three categories: needs (50%) wants (30%) and savings (20%).

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.

When should I start saving for Christmas? ›

The best way to do it? Start saving in January, put aside a little money each month, and you'll be golden come December! But if you're just now starting to save money for Christmas, don't worry. There's still plenty of time to save up a stash of cash between now and then.

How do I not spend a lot of money for Christmas? ›

7 Ways to Avoid Overspending this Holiday Season
  1. Set a Budget. Before the holiday shopping season even begins, decide how much money you want to spend. ...
  2. Be Aware of Retail Tricks. ...
  3. Limit self-gifting. ...
  4. Cut down on convenience costs. ...
  5. Establish expectations early. ...
  6. Look for shortcuts to make travel cheaper. ...
  7. Track spending.

What is the golden rule for money? ›

Golden Rule #1: Don't spend more than you earn

If you always spend less than you earn, your finances will always be in good shape.

What is the rule #1 of money? ›

Warren Buffett once said, “The first rule of an investment is don't lose [money]. And the second rule of an investment is don't forget the first rule. And that's all the rules there are.”

What is 72 rules of money? ›

Investors can use the Rule of 72 to see how many years it will take to cut in half their purchasing power due to inflation. For example, inflation is currently around 3 percent. You can divide 72 by the rate of inflation to get 24 years until the purchasing power of your money is reduced by 50 percent.

How to dramatically save money? ›

8 ways to save money quickly
  1. Change bank accounts. ...
  2. Be strategic with your eating habits. ...
  3. Change up your insurance. ...
  4. Ask for a raise—or start job hunting. ...
  5. Consider a side hustle. ...
  6. Take advantage of a credit card that offers rewards. ...
  7. Switch up your transportation habits. ...
  8. Cancel subscriptions you don't really need or use.

How to aggressively save money? ›

Immediately save your additional income so you don't spend it all. Another way that is more instant and makes it easier for you to save aggressively is when you get additional income, for example holiday allowances (THR) and bonuses from the company. Before you spend it, immediately save most of the additional income.

What is the best place to put your money? ›

7 places to save your extra money
  • High-yield savings account.
  • Certificate of deposit (CD)
  • Money market account.
  • Checking account.
  • Treasury bills.
  • Short-term bonds.
  • Riskier options: Stocks, real estate and gold.
Mar 25, 2024

How can I save the most money? ›

You can learn more about apps that automate savings and decide if they're a good fit for you.
  1. Count your coins and bills. ...
  2. Get discounts on entertainment. ...
  3. Lower your car costs. ...
  4. Bundle cable and internet. ...
  5. Switch your cell phone plan. ...
  6. Reduce your electric bill. ...
  7. Lower your student loan payments. ...
  8. Cancel unnecessary subscriptions.
Mar 26, 2024

How to live on very little money? ›

Tips to help you live below your means
  1. Create a plan for your money. The act of assigning a job for every dollar can be empowering. ...
  2. Automate your savings. ...
  3. Pay yourself. ...
  4. Live off one income if possible. ...
  5. Look for ways to lower your discretionary expenses. ...
  6. Reflect on your financial habits. ...
  7. Drive used. ...
  8. Pay less interest.
Jul 10, 2024

What is the fastest way to save money? ›

Canceling unnecessary subscriptions and automating your savings are a couple of simple ways to save money quickly. Switching banks, opening a short-term CD, and signing up for rewards programs can also help you save money. Making a budget and eliminating a spending habit each day can help lead to long-term savings.

How much money should I 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 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 do I recover financially from Christmas? ›

Here are seven ways to recover from holiday spending:
  1. Cash in a few vacation days.
  2. Rent out your car.
  3. Get a side gig.
  4. Sell things you don't need.
  5. Renegotiate your monthly bills.
  6. Consider a debt consolidation loan.
  7. Prepare for the next holiday season.
Dec 20, 2023

How do you survive Christmas on a budget? ›

Christmas on a budget: top tips, statistics & alternatives
  1. Plan ahead before you hit the shops. Don't go into the crowds without a clear budget in mind. ...
  2. Agree on price limits for gifts. ...
  3. Be honest. ...
  4. Watch TV for free. ...
  5. Save on postage. ...
  6. Ask for advice. ...
  7. Loyalty cards. ...
  8. Give an experience.
Dec 10, 2023

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