The holiday shopping season is underway, bringing holiday budget stress with it. Everyone is sharing their Wishlist’s, and you’re warily tallying up how much everything will cost. What’s supposed to be a joyful time can quickly become just the opposite. Suddenly, you’re debating which loved one gets a “good” gift and which will have to settle for something less exciting.
Thankfully, your holiday shopping doesn’t have to play out that way. Buying on a budget should entail setting your financial boundaries, nothing more. Once you set those boundaries, you can still find thoughtful gifts for everyone on your list. Read on to discover holiday gift ideas that your friends and family — and your wallet — will love.
1. Shop Quality Over Quantity
It’s easy to get caught up in the number of presents you give each person on your list. You don’t want anyone to feel slighted if they receive fewer boxes to unwrap than someone else. However, focusing on the quality of the gifts you give, rather than the number, will create a more meaningful experience. You’re also likely to spend less overall since you’re not trying to amass a specific number of presents.
Consider giving high-quality, long-lasting items that your loved ones can enjoy for a long time. A Carhartt hoodie, a French rolling pin, or a vinyl record can make great presents. One item, purchased thoughtfully, will show you care about what they like and support their interests. They’ll receive a great gift and think of you each time they use it — for years to come.
2. Search for Subscriptions
To stay top of mind with your gift recipients, look into subscription-based gifts. Subscriptions now go far beyond magazines, and with one purchase, you can secure multiple months of gifts. It can be an economical way to get someone a gift that keeps on giving. Plus, each time they receive a new package, they’ll be reminded of you.
Many brands now offer subscription boxes, so you shouldn’t have much trouble fighting the right one. There are coffee subscriptions, bread-making kit subscriptions, and even book subscriptions. Your local specialty stores may even offer a subscription option. You typically have the option to purchase from three to 12 months of the subscription, which allows plenty of budget flexibility.
3. Get Crafty
If you really need to minimize spending while maximizing impact, you aren’t alone. According to a survey conducted by NerdWallet, 26% of shoppers plan to reduce spending this season compared to last year. If that includes you, consider doing your shopping at the craft store. Making gifts for those on your list shows you care enough about them to invest your time. Considering what your time is worth, a homemade gift can be quite meaningful.
To increase the value of your gift, think about what the recipient cares about and enjoys. You’ll also want to evaluate your skills — don’t plan to give handmade sweaters if you’ve never picked up knitting needles before. Instead, bring a tin of delicious treats to family and friends who have praised your baking in the past. If you can make candles and scrubs, create a home spa night package. The possibilities are limited only by your abilities and your recipients’ interests.
4. Emphasize Experiences Over Items
Another way you can capitalize on the interests of your loved ones is to give them experiences. Instead of buying physical items, look for events or activities you know your loved ones enjoy. To make the gift even more special, find something you can do together. Not only will they appreciate the thought, but you’ll be building shared memories.
You can also save somewhat by not giving individual experiences to everyone on your list. Look for experience gifts that allow you to group your loved ones together. Maybe you can get your cousin’s family a pass to the zoo, for example. They all benefit from the gift, and you’re purchasing one thing rather than several.
5. Leverage Sentimental Value
Gifts should be more about their meaning than the dollar amount you spend. To save on presents this year, look for items that have a particular significance to the recipient. One truly meaningful gift, regardless of price, will matter more than getting every item on their Wishlist. The fun part about giving sentimental gifts is that everyone will have something different they consider special.
For example, your mom might love a necklace containing your and your siblings’ birthstones. Sure, you could pay top dollar for it at a jewelry store — or score one for around 20 bucks on Etsy. Your best friend may be thrilled to receive a framed photo of the two of you. These are not necessarily expensive gifts, but they hold a lot of value nonetheless. Enjoy choosing the perfect present for your loved ones — figuring out what everyone will like is part of the fun.
It’s Better to Give Than Receive
Remember, gift giving is supposed to be a pleasure for the giver and the receiver. Few people will pay attention to the dollar amount, and if they do, consider whether you really want to exchange gifts with them! You can’t enjoy the holiday season if you’re stressed about how much you’re spending.
Instead of trying to give everyone everything, set realistic gift goals and align them with your budget. Use these tips to find the perfect present or two for everyone on your list. You’ll all get a lot more out of the experience, and you won’t go over budget.
