Living Well

Holiday Cost Cutting Tips

Looking to cut costs this holiday season? Here are some tips to save on the most expensive budget items:

Save on Your Bills

You may or may not know that most utility bills skyrocket around the holidays. This is generally for several reasons:

  • Christmas lights — Although they’re beautiful, they can add a LOT to your electrical bills. To try to cut down on unnecessary expenses, invest in some energy efficient lights as they use dramatically less energy. Make sure to put your tree, and all of your other lights, on timers so that even if you forget or you’re out of town they will shut off instead of shining into the daytime hours!
  • Heat — Everyone loves to feel cozy during the holidays, but be aware that your bills will go up quite a bit! Try wearing warmer clothing in the home before turning up the heat!

Save On Christmas

It may be too late this year, but December 25th and presents are going to be coming around next year too! Think about how much money you’d like to spend on each person next year and divide that number by 12. If you add that number to your savings account each month, you’ll have more than enough for gifts next year!

Also, try to take advantage of sales on items like toys and clothing. Talk to a manager at your favorite stores and find out when their sales cycles are. Most stores have toy sales in January and July and most seasonal clothing items go on sale around Thanksgiving before being marked back up before Christmas.

DIY What You Can

Even if you’re not the craftiest person in the world, you might be surprised how easy it is to make some of the gifts on your holiday list. This is particularly helpful for those who have large friend groups or a large office that you would like to give to. Try things like:

  • Cookie mix in a jar
  • Scented bath salts
  • Engraved wooden spoons
  • Tied fleece blankets

Do you have other suggestions for ways to save on the holidays? Share your tips and tricks in the comments!

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