15 Creative Money Saving Christmas Ideas


Recognizing the costs associated with Christmas can be a stressful time of year. While most people look forward to this time as an opportunity to catch up with friends, relatives and loved ones, it is also a financial stretch for many. 

Thus, thinking of ways to save money around Christmas time is important! With so many expenses and pressures to spend, it’s easy to fall into the trap of going into debt. It is also worth thinking about ways you can make money around this period so that you are in a better financial position afterwards. 

Whether you are struggling to cope with a cost-cutting budget or just want to find ways to save money on Christmas without stretching your finances even further, there are lots of little tricks that you can use to cut the cost of this special holiday. From making your own gifts and decorations to using second-hand stores and searching for bargains online rather than in expensive department stores, numerous small things can make a big difference when it comes to cutting the cost of Christmas.

If you need some short-term ideas on how to save money around Christmas time then keep reading our blog post! Here we’ve listed our top 15 ideas for saving money on your Christmas


1. Plan your meals in advance

One of the easiest ways to save money during the holidays is to plan your meals. Perhaps you can ask friends and family members for their favourite recipes so that you can make them for your celebrations. 

If you are hosting a party then you can plan your menu so that you don’t end up buying too much. If you have young children or will be having children over for Christmas then you can plan their meals too. You can ask other family members to bring food so that you don’t have to worry about feeding everyone. 

Preparing your meals in advance can save you money, as well as reduce stress during the holidays. It is always a good idea to plan your meals regardless of the season. It’s a very useful tip to help you avoid overspending and running out of food too.

2. Plan your celebrations

It is also a good idea to plan your celebrations around Christmas time to save money. This means that you will be able to plan your finances around them. You will be able to work out how much you need to spend on each party or celebration. This way you will be able to save money. You will know exactly how much you need to spend on each party. This will stop you from overspending. 

You can use the money you have saved towards any other expenses you might have at Christmas time. Planning your celebrations is a great way to save money at Christmas.

3. Make your own gifts and decorations

If you are on a tight budget, making your own gifts and decorations is a great way to save money on Christmas. 

Making your decorations can be as easy and as creative as you want it to be. You can get your kids involved in the process, or you can do it yourself if you don’t have any. You can make decorations out of almost anything, including things that you would usually throw away or consider worthless. You can also use household items to make your decorations. 

Making your own gifts is also a cheap and easy way to save money on Christmas. You can make gifts out of almost anything, and they don’t have to be fancy or complicated. You can also get your kids involved in the process, as they will love the opportunity to make their gifts. If you don’t have any kids, there are lots of people who would love to receive homemade gifts, including friends and relatives.

4. Shop online and look out for bargains

If you are on a tight budget, then shopping online for Christmas presents is a great way to save money on Christmas. Not only will you be able to find lots of great bargains online, but you can also avoid the crowds and stress of shopping in busy department stores. 

You can also use online price comparison websites to hunt for the best deals on gifts. These websites allow you to enter details of the gift that you are looking for, and they will then show you where to find the best deals on that item. 

If you are shopping for decorations and gifts, don’t forget to look out for bargains in the run-up to Christmas. Many retailers will start discounting their Christmas decorations and gifts towards the end of the year, or even earlier, so keep an eye out for these bargains.

5. Send Christmas cards by mail

If you are on a tight budget but want to show your friends and relatives that you care, then sending Christmas cards by mail is a great way to save money on Christmas. You can buy cheap Christmas cards from discount stores, or you can make your own cards if you want to. 

Cards don’t have to cost a great deal of money, and they are a lovely way to show your loved ones that you care. They are also a great way to save money on Christmas, as you can send them to people who you don’t see often, as well as people who you see regularly and don’t want to spend a lot of money on. 

If you send cards by mail, make sure you order them in plenty of time. You will also need to take into account the time it takes for the cards to be delivered, so allow plenty of time for delivery.

6. Look at discount or loyalty cards

For holiday savings, look for loyalty or discount cards. There will probably be lots of retailers offering special deals and sales around Christmas time. This could mean that you end up spending more than you normally would. However, if you have a discount or loyalty card, then you could save money. 

Unfortunately, many people don’t use discounts or loyalty cards. This could be because they don’t have any, or they don’t know where they can be used. If you are saving money, then you should look into different discount and loyalty cards. You can find them online, or you can ask family members if they have any. 

When shopping for Christmas gifts, you can use loyalty and discount cards to save money. You can also use them when buying groceries, buying gifts for your kids (birthdays, Christmas, etc.), and buying gifts for your pets.

7. Save in advance

During the holidays, you can also save money by planning. You might have certain expenses around Christmas time, such as gifts, decorations, or groceries. These can all add up, which is why you should save in advance. 

You can do this by setting up an account, saving in a piggy bank, or saving regularly. You could also ask family members to contribute towards certain items. If you are saving regularly, then you won’t have to worry about saving money at the last minute. You’ll have it in your account or your piggy bank, and you can use it when you need it.

8. Bake your own Christmas dinner

If you are on a tight budget, but still want to host a Christmas dinner for your family and friends, then you can save money by baking your own Christmas dinner. You can make your own Christmas sandwiches, Christmas cake and even Christmas pudding. 

Baking your own Christmas dinner will save you a great deal of money, as it is much cheaper to bake your food than to buy it. 

If you bake your own Christmas dinner, you will have to start planning it well in advance. You will also have to take care to keep the food clean and make sure they are sumptuous.

9. Shop second-hand

You can also save money by shopping second-hand over the holidays. If you need decorations, clothes, gifts, or furniture, then you can shop second-hand. This could be at garage sales, charity stores, flea markets, or even online. You could even ask friends and family members if they have any unwanted items they would be willing to give you. 

If you shop second-hand, then you could save a significant amount of money. You could also avoid wasting money on items that you don’t need. If you shop second-hand, then you could save money and help the environment at the same time.

10. Only buy what you need or want

Another tip on how to save money during the holidays is to only buy what you need or want. You might see lots of bargains and sales over the Christmas period. This could encourage you to buy things that you don’t need. You won’t be tempted to overspend on unnecessary items. 

Only buy gifts that you can afford and that you know the person will want or need. This challenge could help you to save money around Christmas time and stop you from overspending.

11. Don’t shop at the last minute

You might be tempted to shop at the last minute to get the best deals. However, this could cost you more money in the long run. You could end up paying more for items that you need, such as groceries, decorations, and gifts. You could also end up buying items that you don’t need because they are on sale. This could end up costing you more money. 

If you shop at the last minute, then you could end up spending more money than you should. This could mean going into debt or having to cut back during the rest of the year. Instead of rushing to buy everything at the last minute, you should start shopping early. This will give you plenty of time to shop around for the best deals.

12. Don’t buy new wrapping paper and decorations

If you are on a tight budget, then don’t buy new wrapping paper and decorations for Christmas. While most of us like to have things that are new and fancy, it is not necessary to buy new decorations and wrapping paper for Christmas. You can look in second-hand stores and thrift shops, or even in your own house, for decorations that you can use. 

The same goes for wrapping paper. You can use old paper, or you can even make your wrapping paper. Buying new wrapping paper and decorations for Christmas can help you save a great deal of money. 

Don’t forget to look for decorations, and wrapping paper that you can reuse every year. If you save decorations and wrapping paper from one year to the next, you can save even more money.

13. Take advantage of coupons and deals

Before you buy anything, check to see if you can use a coupon or deal. There are many companies out there that offer these coupons and deals. You can find them online or in magazines. They are usually free to sign up for, and they will get you money off your next purchase. This is a great way to save money while you shop. 

You can use this saved money towards Christmas expenses, or any other expenses you might have. There are many different types of coupons available. Make sure you check for the ones in your area before you make any purchases. You might be able to save a lot of money this way.

14. Cancel any subscriptions you don’t use anymore

When it comes to saving money during the holidays, cancelling any subscriptions you aren’t using is a great way to cut costs. Many people are unaware that they are still subscribed to magazines or online services that they don’t use. 

If you have subscriptions you no longer use, then you should cancel them before the holidays start. This could include magazines, online subscriptions, or any other recurring services you no longer use. 

If you can’t remember which subscriptions you have, then you can look at your bank statements. You can then call the companies and request that they are cancelled. You could cancel any subscriptions that you don’t use during the holidays as a way to save money. You can then start them up again once the holidays have passed.

15. Consider a no-contract phone plan

Another tip on how to save money around Christmas time is to consider a no-contract phone plan. Many people will sign up for a new phone plan around Christmas time. This is because there are several deals on new phones and no-contract plans. 

If you have a family, then it can be tempting to sign up for a new contract as it could save you money. However, if you are on a budget then a no-contract plan is the way to go. 

If you have more than one person in your family who needs a phone, then consider a family plan. Family plans usually give you more minutes, texts, and data for less money. If you don’t have a family and only need one phone, then a no-contract plan could save you money. You can also look at buying second-hand phones from sites like Craigslist.


A final note

Now that you’ve read this article, you should have a better idea of what steps you need to take to start saving money for Christmas. The most important thing is to get into the mindset of saving money and not spending any money that you don’t need. 

With a little bit of extra effort and willingness to change your spending habits, it is possible to save money for Christmas. With these ideas, you can start saving money right away. Try to implement as many of these tips as you can, and you will see an improvement in your finances. You will also be prepared for Christmas and won’t need to worry about having enough money to celebrate.



About Editorial Team 140 Articles
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.