Need That Money

Saving During the Holidays: Creative Strategies and Tips

Coping with an Expensive Holiday Season:

Strategies to Save Money and How Americans are Coping

The holiday season is a time for celebrating with friends and family, but it can also be a very expensive time of the year. Many Americans find themselves struggling to keep up with the financial demands of gift-giving, holiday meals, and travel expenses.

However, there are strategies to help individuals cope with the expense of the holiday season and also ways that Americans are already coping.

Strategies to Save Money

The holiday season is a time of giving, but it does not need to come at a high cost. There are several strategies to save money during the holidays, including:


Start budgeting early: Before the holidays approach, set a budget for your holiday spending, which should include gifts, meals, and travel. Make a list of the items you need to buy and try to stick to it.

2. Make use of coupons and discounts: Keep an eye out for coupons and discount codes for stores you frequent.

Sign up for email lists or install coupon apps to stay informed of the latest deals and offers. 3.

Consider DIY gifts: Not all gifts need to be store-bought. Consider crafting homemade gifts, such as a photo album, personalized mug, or a DIY spa kit.

4. Gift exchanges: Consider organizing a gift exchange with family or friends to cut down on gift costs.

Set a budget for the gift and do a name pull to assign one person to receive a gift from each other. 5.

Shop during sales: Many stores offer sales throughout the holiday season. Try to shop during sales for the best deals.

Ways Americans are Coping with the Expense

While holiday expenses can be stressful, many Americans have already found solutions to cope with the expense. Some ways Americans are already coping with holiday costs include:


Saving throughout the year: Some Americans plan ahead by setting aside money throughout the year to cover holiday expenses when they arise. 2.

Setting gift limits: Rather than buying gifts for everyone in the family, some Americans choose to set gift limits or do a secret Santa gift exchange. 3.

Hosting potluck meals: Rather than taking on the full expense of holiday meals, some Americans organize potluck gatherings where each guest brings a dish to share. 4.

Traveling less: Some Americans choose to stay closer to home during the holidays to cut down on travel expenses. Others limit their travel budget by booking trips during off-peak times or using travel rewards programs.

5. Being mindful of purchases: Some Americans choose to be more mindful of purchases, opting to buy less or shop secondhand to save money during the holiday season.

Buying Affordable Gift Wrap

Wrapping gifts is an important part of the gift-giving tradition, but it can also be a costly part of the holiday season. Here are some tips for buying affordable gift wrap:


Buy wrapping paper after the holiday season: Many stores mark down wrapping paper and holiday dcor after the holidays, so it may be best to stock up after the season ends for the following year. 2.

Use recycled paper: Consider using recycled paper such as brown paper bags, newspaper, or parchment paper to wrap gifts to not only save money but also be more environmentally friendly. 3.

Use Pinterest for ideas: With a little creativity, items such as maps, old calendars, or even fabric squares can be used as wrapping paper alternatives. Pinterest is a great place to find inspiration on how to create unique and affordable gift wrapping.

Avoiding Dollar Store Gift Wrap

While dollar stores may seem like a great place to save money on gift wrap, the actual cost may end up being higher than anticipated. Here are reasons to consider avoiding these wrapping options:


Poor quality gift wrap: Dollar store wrapping paper is often thin and easily tears, which can ruin the presentation of a gift. 2.

Limited choices: Dollar stores may not have a wide variety of wrapping paper designs, making it difficult to find the perfect gift wrap to match your gift. 3.

High prices for less: While it may be easy to reach for cheap wrapping paper, the quality, and amount of gift wrap in a package can be misleading resulting in fewer sheets of wrapping than anticipated.


The holiday season can bring both joy and financial stress, but with some planning and creativity, individuals can cope with the expense. Whether utilizing discounts, setting budgets, buying affordable wrapping paper, or finding alternatives, there are always ways to save money.

Remember to also celebrate the true meaning of the holiday season, which is more about spending time with loved ones than exchanging expensive gifts. Holiday Clothing: Repurposing Last Year’s Outfit and Shopping for Multi-Purpose Clothing

Holiday clothing is a great way to show off your festive spirit during the season.

However, buying new clothes can add up and may not even be necessary. Instead, consider repurposing last year’s holiday outfit or look for multi-purpose clothing to save money.

Repurposing Last Year’s Outfit

Last year’s holiday outfit doesn’t have to be thrown out or left in the back of your closet. Consider reusing or repurposing your outfit to save money.

Here are some ideas on how to repurpose your holiday clothing:

1. Swap tops or bottoms: If you wore a dress last year, consider swapping the top or bottom with something else in your wardrobe.

Pair the dress skirt with a different top or the dress top with a different bottom for a new outfit. 2.

Accessorize differently: Change the accessories you wore with your outfit last year for a new look. Try different jewelry, shoes, or a new scarf or hat.

3. Mix and match with different pieces: If you have a piece of holiday clothing that’s bold or statement-making, consider pairing it with something more neutral from your wardrobe.

This will allow that one bold piece to stand out and create a new look.

Looking for Multi-Purpose Clothing

Holiday clothing can be expensive, and it may not make sense to spend money on something you will only wear once a year. Instead, consider shopping for multi-purpose clothing that can be used throughout the year.

Here are some tips to follow:

1. Look for neutral colors: Choose clothing in neutral colors such as black, navy, or white that can be dressed up or down.

Neutral colors are more versatile and can be accessorized in a variety of ways to create different looks. 2.

Choose classic styles: Classic styles such as a little black dress, a white button-down shirt, or a blazer can be worn in multiple settings. These pieces can be dressed up or down depending on the occasion, and they will never go out of style.

3. Shop for separates: Separates, such as skirts, pants, and blouses, allow for multiple outfit combinations and can be mixed and matched to create many different looks.

Hosting Holiday Meals:

Saving Money with a Potluck or BYOB

One of the biggest expenses during the holiday season is hosting a meal. It can add up fast when you have to consider the costs of the food, decorations, and drinks.

Consider hosting a potluck or implementing a BYOB (Bring Your Own Bottle) policy to save money.

Saving Money with a Potluck

Hosting a potluck is a great way to save money, and it also takes some of the burden off the host. Here are some tips to make your potluck a success:


Assign dishes: Ask guests to bring a specific dish instead of a free-for-all potluck. This will ensure that you don’t end up with too many desserts or appetizers.

2. Consider a theme: A theme, such as Italian or Mexican, can help guide guests on what dish to prepare and makes the overall meal more cohesive.

3. Provide the main dish: While guests bring sides and desserts, as the host, you can provide the main dish, such as a roasted chicken or ham.

This will ensure there is enough food to go around.

Cutting Costs with BYOB

Another way to save money when hosting holiday meals is to implement a BYOB policy. Here are some tips to make it work:


Be clear on expectations: Be clear with your guests that you are implementing a BYOB policy. Let them know what to expect, such as what types of beverages will be served and whether there will be mixers.

2. Provide some snacks: As the host, provide some light snacks and appetizers so guests can snack while they wait for everyone to arrive.

3. Have plenty of ice: Be sure to have plenty of ice on hand to keep beverages cold.

Consider using a cooler or buckets to keep beverages iced-down.


The holiday season doesn’t have to break the bank. With some creative solutions, like repurposing clothing or finding multi-purpose pieces, and practical hosting tactics, like hosting a potluck or having a BYOB policy, you can save money and still enjoy all that the holiday season has to offer.

Remember, the holidays are about spending time with loved ones, not the amount of money spent. Sending Holiday Cards:

Using E-Cards Instead of Physical Cards and

Saving Money on Cards and Stamps

Sending holiday cards is a long-standing tradition during the holiday season, but it can also be costly.

Consider using e-cards or finding ways to save money on physical cards and stamps.

Using E-Cards Instead of Physical Cards

Sending holiday cards is a great way to spread cheer, but it can also create unnecessary waste. Consider sending e-cards instead to save money and resources.

Here are some benefits of using e-cards:

1. Cost-effective: Many e-card sites offer free cards or a small fee as opposed to the cost of buying physical cards and stamps.

2. Eco-friendly: E-cards are greener than physical cards as they don’t require paper and don’t contribute to waste.

3. Convenient: E-cards can be sent and received instantly, saving time for both the sender and recipient.

Saving Money on Cards and Stamps

If you prefer to send physical cards, there are ways to save money. Here are some tips to consider:


Look for sales: Many stores offer sales on holiday cards after the season starts, so it may be best to wait to buy cards. 2.

Consider DIY cards: Consider making your holiday cards instead of buying them. These can be created using items already in your home, or you can shop for supplies at a local craft store.

3. Buy stamps in bulk: Buying stamps in bulk can save you money in the long run.

Consider purchasing a roll or a sheet of stamps at your local post office. Holiday Travel:

Waiting Until the New Year to Book Travel and

Staying Home to Save Money

Traveling during the holiday season can be expensive, with high airfare and hotel costs.

Consider waiting until the new year to book travel or staying home to save money.

Waiting Until the New Year to Book Travel

Traveling during the holiday season can be costly, but there are ways to save money. Consider waiting until the new year to book travel.

Here are some benefits:

1. Reduced travel costs: Airfare, hotel, and rental car prices are often lower during the first few months of the year.

2. Fewer crowds: Airports, hotels, and popular tourist attractions will not be as crowded, allowing for a more peaceful trip.

3. More time to plan: Waiting until the new year allows for more time to save and plan your trip.

Plus, you can take advantage of post-holiday sales to book your trip at a lower cost.

Staying Home to Save Money

Staying home during the holidays can be just as rewarding as traveling and can save a significant amount of money. Here are some benefits of staying home:


Save money: Staying home removes the cost of airfare, hotel accommodation, and other travel expenses. 2.

Spend quality time: Use the time to spend quality time with family and friends, trying new holiday recipes, or playing games. 3.

Give back: Consider donating time and resources to a local charity or volunteering at a shelter during the holiday season.


The holiday season is all about spending time with loved ones and spreading cheer, but it doesn’t have to be costly. Whether it’s sending e-cards, making your holiday cards, or traveling after the new year, there are ways to save money and still enjoy all that the holiday season has to offer.

Remember, it’s not how much you spend, but the memories you create that count. In conclusion, the holiday season is an expensive but joyous time of the year, and there are many strategies and tips to help save money and still enjoy all that the holiday has to offer.

Consider repurposing last year’s outfit or buying multi-purpose clothing instead of buying new outfits. Send e-cards instead of physical cards or take advantage of post-holiday sales and DIY cards to save on costs.

Wait until the new year to book travel or stay home and spend quality time with loved ones. Remember that the holidays are more about creating memories with family and friends than spending money.

By implementing some of the strategies highlighted in this article, you can enjoy a fun and memorable holiday season without breaking the bank.

Popular Posts