We all love to give wonderful presents to those we love and care about. It’s vital that when we give we remember our budget when shopping for gifts everyone will love.
Frugal Gifting When Shopping for Gifts Everyone Will Love
There’s nothing quite like the gift of giving but with increasing amounts of pressure put on us to spend more and more each year, it can be difficult to know where to stop. From buying presents for Christmas to shopping for the ultimate engagement gift, you might be looking for ways you can start saving when giving gifts.
You could opt for traditional ways, including sales, Black Friday and other seasonal promotions but even these can draw you in and have you spending more money than you intended to. So, to help your present buying budget go further, why not try a few of these simple tricks?
Adhere to the Four-Gift Rule
The four-gift rule is something that’s arisen in the more recent years and involves buying four gifts for your recipient. These are something that they need, something that they want, something that they can wear and something that they can read. The idea is that when you stick to buying four of these presents, things that they’ll actually get use out of, you won’t get carried away buying other stocking fillers on impulse.
However, this methodology might not work when it comes to family members or friends, as it is primarily focused on children. But if you are buying for the kids, try this rule to see if it helps you to cut down on your spending this year.
Use Unwanted Gift Cards
In 2014, there was $750 million worth of gift cards that weren’t used, according to MarketWatch. So if you’ve got some of these unwanted gift cards lying around, why don’t you use them to buy someone else’s gift? OK, so it might feel like you’re cheating by not spending any of your own money on the recipient but it makes sure these cards aren’t going to waste and saves you money in the process.
And because there are so many of these cards going to waste each year, there are a number of companies who have started selling discounted cards. People wanting to get rid of their unwanted cards sell them to these organizations who then sell them to you at a discounted price. This is particularly useful if you know someone who will appreciate a gift card for a particular store.
Break Up the Spending
One of the worst things about buying gifts, especially over the holiday season, is that you have to spend a lot of money at once. That’s why it’s worth shopping throughout the year, especially in sales, so you can accumulate your gifts over time. This removes the added stress as Christmas approaches and your bank balance starts to dwindle, while also giving you a bit more time to prepare and think of gift ideas.
Another fantastic way to break up your spending is to buy items in bulk because you’ll often get these at a discounted price. Look for 3-for-2 offers or promotions on bulk items as these can be great for using as stocking fillers or for giving to friends and family throughout the year for their birthdays.
And don’t forget to look at what rewards credit card providers such as Chase offer you because these can help you to earn points as you’re spending and could even help to contribute towards a gift or even a holiday in the future.
Use Apps When You’re Shopping
Another great way to save money when you’re shopping is to use apps that are geared towards finding you the best price. Amazon allows you to see prices as and when they’re updated, which can help you to save money as you’re shopping around. But there are also apps that combine all of the shopping ads and promotions in your local area so you can flick through them easily to find the right deal for you. Some of them will also show you what coupons are available so you know where you can get the best discounts and deals.
Slice is one of these apps and this one will even monitor what you’ve bought. This means that if the store you bought a product from reduces their pricing you can get a refund for the difference (in participating stores only).
When it comes to shopping for gifts, it’s easy to get carried away, especially during the holiday season when there are so many wonderful things on offer. But with a little bit of creativity and planning, you can be much more frugal with your gift buying without your recipient knowing.
Going into debt is not what you want, but if you make frugal gifting a priority you can get everyone what they love and stay in your budget. What are ways you stay on a budget when shopping for gifts everyone will love?