How To Save Money This Christmas Season

The Christmas holidays are upon us, and that means it’s time to start thinking about how you’re going to spend your money.

Whether you’re planning to buy gifts for your family and friends or just treat yourself, it can be easy to get carried away with your spending. The good news is that there are plenty of ways you can save money this holiday season without sacrificing the spirit of the season.

Here are ways you can save money this holiday season:

Plan ahead.

By creating an inventory of what you already have and what else you might need to buy before heading out shopping. You’ll be able to avoid impulse purchases and find the best deals for all of your holiday needs!


Set a budget and stick to it! 

If there’s one thing we’ve learned from our financial independence conversations this year, it’s that setting a budget and sticking to it is the best way to make sure that your money doesn’t run out before Christmas comes around again. Make sure that each person on your list has their own line item in your budget so they’re not getting any more than they deserve.


Be careful not to overspend on shipping costs.

It’s easy to get caught up in the excitement of online shopping and end up paying more than necessary for shipping fees. Shop around for companies that offer free shipping or find out if there are any local stores that will offer free shipping as well.


Shop at a thrift store

If you’re looking for the perfect gift for someone and don’t want to pay retail prices, consider shopping at a thrift store. You can find great deals on clothes and accessories, as well as electronics and toys. You may even find some unique items that are one-of-a-kind.

Make your own gifts

Instead of buying gifts this year, try making something yourself—it doesn’t have to be anything fancy! Make up a batch of homemade cookies or candy for friends and family members this year instead of buying them something from the store. Your loved ones will appreciate it more than if they received an ordinary store-bought gift anyway.


Use coupons when shopping online or in stores

Coupons can help you save money on items like groceries or clothing while still allowing you to get what you need without breaking the bank. There are lots of websites where you can find coupons—just Google “coupons” and see what comes up.

Don’t buy into the “Black Friday” hype—it’s all marketing! 

Stores want you to think that Black Friday is their biggest day of the year so they can charge more than usual prices on everything from TVs to toys—but that’s not true! Most stores have great sales year-round, so don’t fall for their marketing gimmicks! 


Buy generic brands instead of name-brand items whenever possible! 

The idea of name brands being better than generic brands is absolutely flawed. There are some generic brands that are not as expensive but they would serve the same purpose. For example, you can always get generic brands for your Christmas decoration instead of spending tons of money on an expensive Christmas tree. This way you’ll save money AND get the same quality products without spending more than necessary. 

Go Dutch! 

This is important if you’re going out for dinner with friends or family members over the holidays this year. Make sure everyone chips in equally so nobody feels like they’re paying more than anyone else. Unless of course someone likes paying more than others.

Even though this piece was written with Christmas in mind, the ideas it offers can be all year-round round. There’s no reason you should be stressing over your finances when you’re supposed to be relaxing and enjoying the holidays. Use these tips as a guide and make 2022 a great holiday season without any worries. 

Merry Christmas from your Financial Independence buddy, Temitope. 

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