5 secrets to being generous without going broke
7 mins read

5 secrets to being generous without going broke

By Sharon Rhodes

Thoughtful gifts for friends and family are a Christmas tradition that shows loved ones you’re thinking of them this Christmas. But a long shopping list can be expensive. If you’re worried about the cost of Christmas gifts this year, these ideas will help you get gifts for everyone on your list on a budget.

Christmas is a time to gather with loved ones, enjoy good food and experience holiday traditions, but gift-giving is also a central part of the season. Gifts for family and friends are standard in many families, but your Christmas gift list may also include in-laws, co-workers, neighbors, children’s teachers, messengers and more.

Investopedia estimates that holiday retail spending, including gifts, will be at least $980 billion by 2024, setting a new record. With growing gift lists and recent inflation, the amount of money expected to be spent on Christmas presents can put pressure on your budget.

A little creative thinking can help you complete your holiday shopping list without breaking the bank. While food gifts are ideal for a DIY gift, there are a variety of other ways to give cheap gifts that are anything but cheap. From favors to tasteful reproductions, use these five tips for affordable gifts as inspiration for this year’s Christmas gifts.

Celebrate friends and family with a potluck

In the midst of the gift-giving season, it’s worth remembering that time with loved ones can be more meaningful than material gifts. Good food is also a highlight of the season. Instead of buying gifts, host a potluck instead. Everyone will enjoy spending time together. By having guests deliver the food, you will face minimal costs yourself.

Whether you’re hosting or attending a potluck this year, cheap and delicious dishes like one penne pasta bake can feed an entire party. Other dishes such as casseroles and crock pot recipes are sure to please a crowd.

Snacks are also a must at all stews. Dips with chips, crackers, bread or vegetables are often simple. For a budget snack, use up leftover hummus in the fridge to make hummus deviled eggs.

If you still want a gift exchange as part of a potluck, try a secret Santa or a white elephant. Everyone will bring a gift and leave with a gift, limiting the number of gifts people have to buy. You can add a cost limit to your gift exchange or a theme that represented items or items from a thrift store. However you choose to arrange gifts, a secret Santa or white elephant is sure to be entertaining.

DIY Christmas gifts with homemade gifts

Making your own gifts can be both cost-effective and thoughtful. The time and customization you put into a homemade gift can make it more meaningful than a store-bought gift.