Boxing Day is an extension of Christmas Day for leisure, gift giving and relaxation
December 26 is widely known as Boxing Day, a time when friends, families, and loved ones exchange, give, and receive gifts.
Given current economic and global trends, you don’t necessarily need to break the bank to find the perfect gift.
Although Christmas is a season of joy, it is important to remain mindful of the coming year and its financial obligations.
In this era of DIY (Do It Yourself), many people are becoming more innovative, turning to budget-friendly options amid rising living costs and tighter household budgets.
Here’s a curated list of tips for budget gifting this Christmas:
Christmas on a Budget: 10 affordable gift ideas to consider this Christmas
1. Plan and set a budget first
It’s hard to stick to a budget if you haven’t created one. Write down all the occasions that will require you to buy a gift. Then decide how much you want to spend overall and stick to those limits. By knowing your spending limits beforehand, you can stretch your budget and still give great gifts without feeling like you’ve overspent.
2. Research gift options and prices
Once you’ve set a realistic gift budget, do some research. Look for sales and discounts, as many stores offer holiday or seasonal deals. Take advantage of these sales to make your gift budget go further.
3. Prioritise your gift list
When creating a gift budget, list all the people you need to buy gifts for and rank them in order of importance. This will help you allocate your budget more effectively. Focus first on the most important people in your life, such as close family members and friends.
4. Consider shared gifts
Sometimes your gift budget can feel limiting. Shared gifting is a smart solution, go in with a friend or sibling on a gift. This way, you can afford a more expensive or special item that the recipient would really appreciate or may not buy for themselves.
5. Opt for services as gifts
Think about acts of kindness or skills you can offer that someone would value. You could help clean a family member’s home, babysit their children, or offer lessons if you have a special talent. For example, if you play the piano, you could give piano lessons as a thoughtful gift.
With these five tips, you can protect your finances while ensuring that the gifts you choose will be cherished by your loved ones.
SP/MA
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