Saving money on Christmas presents and holiday gift giving is a priority for a lot of people. There are a lot of different ways to save money on gifts. A lot of these money saving ideas can also be applied to other times of the year.

Things You Will Need

credit card statements

Step 1

Check your credit card statement for gift card offers. A lot of credit card companies have free rewards programs that earn you points toward gift redemption. Although it can take a lot of points to get a reward when you qualify it is still a free gift. Look at your credit card's rewards program offers. Being able to redeem your points for a $20 gift card is a great way to save money on Christmas presents and holiday gifts.

Step 2

Make your own holiday gifts to save money. It's true that something hand made just "feels" better. There's a thought that when you make or cook something that your energy goes into it. So, if you have a special item you make or ideas for homemade treats whether it is cookies, candles, soap, fire starters...get to making them. The list is endless as to what you can make at home.

Step 3

Make a list of the people who you think it is important to give holiday gifts to. The process of writing it down often helps to reduce the amount of people and presents you need to buy because it lets your head stop racing around all that needs to be done and starts the process of doing. Jot down gift ideas next to names. Think twice about buying a present.

Go in on one big purchase with family members. Sometimes buying one "big" gift or Christmas present can end up saving money.

Step 4

Use layaway programs. Layaway is a great way to save money on holiday gifts and presents. It allows you to buy any item or gift over a period of time instead of throwing out a large sum of money. Some stores like Sears and Kmart are open for layaway business. Using layaway is awesome any time of year, but especially around Christmastime because you can get great deals. Don't forget that you can always send a present post holiday if you can't pay for something by Christmas.

Step 5

Save a gift, send a card! Send or give cards instead of presents. A thoughtful piece of writing is like getting a home made gift. Too often we use the convenience of the internet, email, text messages, or other impersonal ways to communicate. You can save a lot of money on presents if you buy a box of Christmas cards or even blank cards and write a special message to the recipient.

Tips & Warnings