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10 Ways To Save Money This Christmas Without Losing The Sparkle

10 Ways To Save Money This Christmas Without Losing The Sparkle

With Christmas just around the corner, many people are feeling the financial crunch when they think about all of the gifts they need to purchase for friends and family. The current economy has left many people with less money to spend on gifts that they’re used to having.

The truth is that you really don’t need to worry. There are many options other than going shopping at the mall and spending too much money. Additionally, Christmas is a time to reflect on the birth of Jesus, spend quality time with family and friends, and appreciate the important things we have in our lives.

This is not to say that exchanging gifts shouldn’t be a part of Christmas. Holiday shopping is fun, and gifts are a way to show how much you care for someone, or to simply share in your friendship. Here are some creative and festive ways to save money this Christmas so the holiday season doesn’t strain your budget, or lose its sparkle!

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1. Send Cards Instead of Gifts

A thoughtful Christmas card shows people that you’re thinking of them and can often mean more than a commercial gift. Save even more money by purchasing cards in bulk. Include a handwritten note that personalizes your card.

2. Make a Shopping List

When you go shopping, make a list of the items you need to purchase, this will prevent impulse purchases. Keep track of the amount of money you can afford to spend and stick to it. Establish a budget ahead of time to help you save money this Christmas.

3. Participate in a Secret Santa Gift Exchange

Instead of buying gifts for all your friends and family, draw one person’s name and become that person’s Secret Santa. Place a dollar limit on how much to spend. Instead of buying gifts for many people, you can focus your giving on one person.

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4. Save on Wrapping Paper

Purchase wrapping paper at discount stores. Save gift bags throughout the year, then you won’t need as much wrapping paper. Wrapping paper goes on clearance just after Christmas, so stock up a year in advance and you’ll save a lot of money.

5. Shop Online

Most stores extend their sales and promotions to their online stores. Compare prices easily and look for online promotion codes to save even more money. You’ll save on gas money when you don’t have to drive to stores, too.

6. Plan Your Online Purchases Ahead of Time

Most online stores offer free shipping when you reach a certain dollar amount. Plan your purchases so you can order your items all at once to make sure you can receive free or reduced shipping rates. Ship items directly to the recipient’s home so you don’t have to pay to re-ship items once you receive them. Most online companies offer gift options where you can choose gift wrapping, a gift tag, and a gift receipt.

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7. Give Homemade Gifts

One of the best ways to save money this Christmas is by creating homemade gifts. Consider crafting, or sending baked goods instead of store-bought presents. Homemade gifts often offer a sentimental touch that you can’t find in any department store. Look for homemade gift ideas online and plan ahead so you have plenty of time to create your gifts.

8. Give Gifts of Service

Create your own redeemable coupons that are good for services such as cooking dinner, serving breakfast in bed, a free car wash, a back rub, mowing the grass, doing the dishes, or running an errand. The possibilities here are endless and many people will appreciate your services more than a store-bought gift.

9. Focus on the Celebration, Not the Gifts

Talk to friends and extended family about spending time together instead of exchanging gifts. Sometimes people feel obligated to continue giving gifts to people year after year. Be willing to tell people that you’d prefer to have their presence—and not their presents—at Christmas, and suggest that you don’t swap gifts this year.

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10. Share the Costs of Holiday Meals

If you’re hosting any holiday meals or parties, don’t be shy about telling people what they can bring. Allow others to bring food so everyone can share in the costs of the celebration. Focus on spending time with your loved ones instead of making everything perfect and you can make it the best Christmas ever.

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Last Updated on January 21, 2020

How to Develop a Millionaire Mindset in 6 Simple Steps

How to Develop a Millionaire Mindset in 6 Simple Steps

We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

How do you go about developing that millionaire mindset? By following these simple steps:

1. Focus On What You Want – And Take It!

So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

Millionaires play to win, not to avoid defeat.

This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

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2. Become Goal-Orientated

It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

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If you are to become a millionaire, you need to start accumulating money.

Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

3. Don’t Spend Your Money – Invest It

The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

Stop working for your money and make your money work for you.

Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

There’s not just the stock market — there’s also property, and your own education.

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4. Never Stop Learning

The best thing you can invest in is yourself.

Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

Learn everything you can about how economics works, how the stocks markets work, how they trend.

Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

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5. Think Big

While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

Aim for the stars, if you fail you’ll still be over the moon.

6. Enjoy the Attention

To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

More About Thinking Smart

Featured photo credit: Austin Distel via unsplash.com

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