How to Save Money on Gifts
How to Save Money on Gifts for Family and Friends
  • Plan gift-giving well in advance.  That will give you time to decide on the most thoughtful gifts, which usually are not the most expensive ones.  And if these gifts are products that must be purchased, you will have the opportunity to look for sales.
  • In families, discuss limits on spending for gifts.  These limits not only tend to reduce expenditures; they also be greatly appreciated by the least affluent family members.
  • Socialize at pot-luck meals rather than at restaurants.  Because one wants to be generous to friends and family, there may be huge cost savings here.
  • Consider writing letters instead of making frequent phone calls.  Thoughtful letters are usually far more highly valued than phone conversations, and they are often saved by recipients for future reading.