11 Money-Saving Gift Ideas For This Year


How to give the perfect gift this year? The answers are simple and easy. In this day and age, it can be difficult to know where to begin. So many people have so much going on that giving a gift is one of the most thoughtful things you can do for another human being.

But let’s face it, this time of the year can be hectic for most people. The thought of throwing a bunch of activities together to spoil your loved ones is enough to make even the most organized people run home in fright. The stress will only mount from there. You have so many things to do that you barely have time to do them properly. 

Finding the perfect gift for everyone on your list can be an ongoing battle. So many ideas, so little time! 

If you’re like me and find it hard to narrow down gifts for family, friends and work colleagues, then check out these money-saving ideas for gift-giving this year. They might just save you from yourself this holiday season.


1. Give a gift card

If you are trying to be super thoughtful this holiday season with fewer worries, use gift cards as the main gift. This way, you won’t have to worry about dealing with the gift card companies or scouring the internet for deals in an attempt to save money. If you are trying to be very practical and generous, though, just use the gift cards as the main gift. 

Gift cards are the ultimate money-saver. You can purchase a £25 gift card from Amazon and then give it as a gift to your friend who loves to shop online. Gift cards come in all forms and are great for any occasion. You can also use them as a savings tool. 

2. Buy the gift for the person you want to buy for first

This one may sound incredibly basic, but it’s the key to saving yourself a lot of stress. If you have a family member or friend who you want to buy for first, make it a point to think of what they would like. If you are buying for two people, one person being you, try to think of what they would want to receive as a gift. And then try and get it for them. If you are buying for an entire office or organization, try to think of what they could use as a gift.

3. Make it cash-based

Cash is always the most traditional gift, but this doesn’t mean that it can’t be relevant for today’s modern home. 

Consider investing in a short-term investment that will pay off big this year. Cryptocurrencies have performed great over the long term and have the potential to rise even further in the future. 

If you have a friend who loves shoes, give your friend a cash gift so that she can buy a pair for this holiday season. – 

4. Surprise with something you know they want

When you are buying for someone, try to surprise them with something they might want. This could be a gift they have been asking for, or it could be something they have always wanted but would never say. 

If you know your loved ones well, you will know what they want in life and what they don’t. And with a little bit of effort, you can surprise them with something they will enjoy very much.

5. Save on wine or spirits for your favourite drinker

Wine and spirits are always good for a party, and also a good choice for everyday drinking. You can also head to your local liquor store and get some major deals on premium spirits. If you are buying for someone who doesn’t drink regularly, but you love anyway, a gift of cigars can be a thoughtful and unique present.

6. Keep the peace in the house with gifts for essential oils

Essential oils are super powerful and have a huge impact on our health. They can improve relationships, reduce stress and even help with certain medical issues. 

If your loved one is struggling with any issues of their own, a gift of essential oils can bring them a huge amount of comfort. When you are buying essential oils, you can also get creative and offer to test them out yourself if you are not a medical professional.

7. Buy a book and give it as a gift

You’re never too old to learn, and there’s no reason to wait until you’re in your 50s or 60s to start learning something new. Reading is a wonderful way to learn, and many great books are perfect as gifts for friends, family members, and coworkers. 

Whether you pick up a novel, a self-help book, a business book, or a history book, there are plenty of great books that can help someone along their path to financial success. 

8. Do your research before you buy for them

Before you go out and buy for that special someone, do your research and shop around for deals and discounts. There are often deals and discounts available when you shop online, or through a local store.

9. Always get the person you’re buying for something they’ll use

Just because you’re buying a present for someone doesn’t mean that you have to overload them with gifts. Before you buy something for someone, think about what they might use that thing for. People are complex and have different preferences that you might not even know about. Try to be thoughtful and considerate, and consider what they might use your gift for.

10. Make it personal 

If you buy a bottle of wine from a store and then give it as a gift, your recipient would probably be the happiest person and would say, “That’s my bottle of wine!” If you make a point of visiting a favourite restaurant or shopping at a store where the person you’re buying for likes to shop, you can get a personal touch that will make the gift extra special.

11. Look for bargains and save money where you can

You’re almost there. We’re almost there. You’re almost there. The last hurdle is to find deals and discounts and save money wherever you can. There are always deals and discounts and free stuff to be had, and you can always look for bargains and save money where you can.


Wrapping up: Is there anything left?

It is that time of the year again when you have a huge list of gifts to buy for all your loved ones. Whether it is for your partner, your children or your parents, there is always a bit of a challenge when it comes to narrowing down the list to buy the perfect gift. 

So, whether you are looking for an affordable gift or a gift that cost a small fortune, the best gift ideas are listed above!



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Watch My Wallet has everything you need to know about money, written by real people who’ve been there. Inspired by the philosophy of Early Retirement Extreme (ERE), our goal is to make informed decisions about our finances in order to achieve financial independence.