Every time the holiday season rolls around, there is one common problem that crops up for thousands of people all over: deciding what’s the best gift to get for each person in your life and how much to give and spend. Christmas is a time that can get very expensive, and as much as you want to put that aside for the sake of being generous to others, you still need to live, and you don’t want your life to be too financially affected by overspending here – but that doesn’t mean you can’t still get creative. This guide will help you understand how to spend carefully on a gift and how you can make it work for you to still provide fantastic presents to your loved ones.
Set a Limit
One option you have that you can apply to every group you plan on exchanging gifts with is to set a financial limit. While you might feel as though this limits you, it might allow you to think more clearly about what you’re going to do since you’re not completely overwhelmed by the full range of options you would otherwise have. This might be especially useful if you need co worker Christmas gift ideas, but it can also apply to your family too.
It might sound strange to think about being so frugal in relation to your family, but if you’re having a gathering for the day itself, shifting your focus to that as the main event in place of a gift might make more sense.
Don’t Feel The Need To Go Bigger Than Last Year
Knowing what to get your loved ones for events like their birthday or Christmas is something that can become a sort of arms race if you aren’t careful. Feeling the need to constantly outdo the previous year in regards to how much money you spend on them can lead you to not actually getting them a gift they need or want. Rather than trying to spend more money than you did last year, think more about the gift itself and how it will make your loved one feel. It may not be as expensive as last year, but if your recipient loves it, it is the right gift for them.
While it might remove the element of surprise, talking openly about gifts they would like can remove any unnecessary stress of spending too much. Have an open chat about your limits, and each offer ideas within that price range.
Consider Alternatives to Gifts
As mentioned previously, when it comes to a group like your family, if you see them every year via a traditional gathering, you might think about how putting more attention towards that could replace how you normally think about gifts. That’s not to say you remove them entirely, but perhaps something smaller, like consumables, that everyone can appreciate without it causing you a huge amount of stress beforehand. Another great way to spend your money more carefully is by not buying physical gifts. If you are bored of spending and “wasting” money on physical gifts that then don’t get used, break quickly, or are given away before the year is out, then there are wiser ways to spend your money. You could look at gifts taking the form of something like an experience that you can both put money towards can help you both look forward to it.
While you might be used to approaching the topic of Christmas gifts in a certain way, it’s important to be flexible – opening your mind to different possibilities to what you consider the norm might show you a way of doing things that breathes some fresh air into the experience.