Gifting on a budget: 5 secrets to being generous without going broke
By Sharon Rhodes
Thoughtful gifts for friends and family are a Christmas tradition, showing loved ones that you’re thinking of them this holiday season. But a long shopping list can be pricey. If you are concerned about the cost of Christmas presents this year, these ideas will help you get gifts for everyone on your list on a budget.
Christmas is a time to gather with loved ones, enjoy good food and experience holiday traditions, but gift giving is also a central part of the season. Gifts for family and friends are standard in many families, but your Christmas gift list might also include in-laws, coworkers, neighbors, children’s teachers, delivery people and more.
Investopedia estimates that holiday retail spending, including gifts, will be at least $980 billion in 2024, setting a new record. With expanding gift lists and recent inflation, the amount of money expected to be spent on Christmas presents can put pressure on your budget.
A little creative thinking can help you finish your holiday shopping list without breaking the bank. While food gifts are ideal for a DIY gift, there are a variety of other ways to give low-cost gifts that are anything but cheap. From gifts of service to tasteful regifting, use these five tips for affordable gifts as inspiration for this year’s Christmas presents.
