Top 3 tips for saving money on kids’ Christmas gifts
Warning: This post is not suitable for Santa believers. 😉
Hello friends! Christmas is right around the corner (as if you didn’t know). If you’re anything like me, I’ll bet you’re already thinking about the three Ws: Wallet, Waistline and Watching Hallmark movies …
Today I wanted to give you my top three tips on how to save BIG money on Christmas gifts for the kids.
I know our family tends to overspend in this area, even if we go into the season with the best intentions to stick to a budget. We blow it every.single.year.
But not this year! We are committed to being smart with our money and making good gift-buying decisions, so we can start the new year off right, in a healthy financial place.
Are you ready? Lets do this!
1. Don’t have the kids make a list of what they want.
Say whaaaaa? No list? What will we do? How will we survive without THE LIST?
Well, you will, I promise, because THE LIST creates a couple problems:
- It guilts us into getting every.single.thing (or close to it) on THE LIST, and invokes a sense of loss in our kids when they don’t get a particular thing on it.
- It prompts our kids to think materialistically and brainstorm more stuff that they don’t need, just to create THE LIST. Is that really a value we’re trying to promote? “Hmmmm. Let me think of some more stuff I would really like … well, I have a lot of stuff already, but this is my chance, so I’d better come up with something or I’ll be left with coal in my stocking … what does little Johnny down the street have that I should have, too?”
- It does not factor in a spending limit. Kids just rattle off what they want without particular thought to price, quantity, space in the house, etc. What’s a loving parent supposed to do with that? Cave in and go over budget, right? Or get something completely impractical because it is the only thing left on THE LIST that is reasonably priced. This may not be the best formula for Christmas-buying success.
2. Set a spending limit.
Yes. I know. This is probably an obvious one. The hard part is sticking to it! Consider setting a spending limit (or gift limit) for each child as well as an overall limit for family and friends in general.
This allows us to exercise our creative muscles. It can actually be fun to brainstorm ideas for gifts that don’t cost a lot, but are meaningful. These thoughtful, lower-cost/handmade gifts can often become the most cherished ones by extended family members and friends.
3. Don’t start buying gifts too early.
If I didn’t tick you off by killing THE LIST, I’m probably going to do it with this one …
There have been years when I worked really hard to get out ahead of the Christmas firestorm by buying a lot of gifts ahead of time … like way ahead of time.
The problem with getting gifts early is that, by Black Friday, I’ve lost the memory of the spending I’ve already done. I’m cranked up and ready.to.shop! … even though I don’t have much left that I need to buy.
So what’s a girl to do in that situation? BUY MORE!
I have this sneaking suspicion that early-bird shopping causes us to spend more overall. Check out this article with the statistics.
Regardless of what Christmas gift-buying strategy we choose, I hope this holiday season, we all remember to cherish what’s important … to cling to our faith and our family, and to help elevate all that’s good in the world.
Let me leave you with a link to this hilarious video of kids getting some unexpected gifts at Christmastime and their unlikely reactions …
Have a blessed holiday season!