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50 Christmas Money Saving Tips

Christmas time is wonderful, but it can be tough on our wallets! What if we told you that it’s possible to immerse yourself in all the “merry making” without the looming worry of overspending? Whether crafting DIY decorations, whipping up a wallet-friendly feast, or choosing just-right gifts that don’t break the bank, saving money is possible while still revelling in the holiday fun. So put on your comfy socks, grab a hot cocoa, and explore how to create merry memories without the money mess!

How to save money at Christmas

Before the Holiday Season 

A stress-free holiday season starts with planning before the first snowflake hits the ground. A little thought and preparation can sprinkle more joy (and a few extra pennies) into our festive season. Here are some simple, easy-to-follow tips to get ready before those jingle bells start ringing. 

Setting Up a Budget: 

  • Decide how much you want to spend in total. 
  • Make a list of all the people you’re buying gifts for. 
  • Don’t forget to think about food, decorations, and maybe a new festive sweater! 

Smart & Early Bird Shopping: 

  • Start shopping now. Yes, right now! Grab those deals while they’re hot. 
  • Keep an eye on sales throughout the year – Black Friday, Cyber Monday and summer sales can be your best buddies. 
  • Buy a few gifts monthly instead of all at once to spread the spending. 

Savings Account: 

  • Consider putting a few bucks into a separate savings account each month. 
  • Label it something fun like “Christmas Magic” to keep the spirit alive all year round. 

Giving Gifts 

We all want to shower our loved ones with presents without showering our budget with problems. Remember, it’s the thought, love, and care that counts the most and not the hefty price tag. Here are some tips to help you give big-hearted gifts.  

Gift-Giving on a Shoestring: 

  • Write down all the names and your gift ideas before hitting the stores. 
  • Decide what you can afford to spend on each person. 
  • Stick to your list to avoid those tempting extra purchases. 
  • Instead of buying for everyone, why not draw names and buy for just one person? Gift exchanges allow you to focus your energy and finances on one person instead of many. 

Handmade with Heart: 

  • Cookies in a jar, handmade candles, personalized ornaments, and other DIY gifts can be more special than store-bought. 
  • Create themed gift baskets with assorted little items, offering variety and a personal touch. 
  • Offering your time to babysit, make a homemade dinner, or help with chores can be priceless and cost nothing! 

Smart Shopper Alert: 

  • Keep a sharp eye on sales during the year, and snag deals when you spot them. 
  • Sign up for store emails ahead of time to gain access to exclusive promo and discount codes.
  • A quick online comparison check could save you a few bucks on that perfect gift. 
  • Don’t forget to use those credit card points or rewards if available! 

Eco and Pocket-Friendly Extras: 

  • Use recycled newspapers, old maps, or kids’ artwork for wrapping gifts. 
  • Gift in reusable shopping bags for a gift within a gift! 
  • Create your own cards and gift tags for an added personal and economical touch. 
  • Keep in mind the shipping costs for online buys and try to make bulk purchases to save on them. 


Ah, the twinkling lights, the shiny baubles, the lush garlands – Christmas decorations bring the festive spirit into our homes but can sometimes sneakily empty our pockets, too. Here are some tips to help you deck your halls without undecorating your budget. 

Dazzle with DIY: 

  • Craft paper stars, popcorn garlands, and handmade wreaths – easy, fun, and cost-effective! 
  • Make Decoration Day a fun family event. It’s a double win – making memories while making decorations! 

Be a Wise Re-User: 

  • Bring out last year’s decorations and give them a new twist. 
  • Turn old items into new festive treasures. Old clothes can become stocking stuffers, and used light bulbs can turn into cute ornaments! 
  • Host a decoration swap with friends and family. Have each person bring an item or two they’re like to retire, and swap for a fresh piece without spending!

Shop Smartly: 

  • Buy decorations for next year right after this Christmas when prices plummet. 
  • Head to your local dollar store. You’d be surprised by the cute and affordable items you can find. 

Light Up Affordably: 

  • LED lights use less electricity and last longer, saving you money in the long run. 
  • Use timers for outdoor lights to save on energy costs. 

Food and Entertaining 

The aroma of roasted goodies, the clinking of glasses, and laughter in a warmly lit room – the joys of holiday feasting and entertaining! But how do we host that heartwarming gathering without putting a chill on our finances? Here are some tips to help you celebrate without the monetary migraine. 

Budget-Friendly Bites and Beverages: 

  • Invite guests to bring a dish for a potluck dinner. It’s less stressful and less expensive for you! 
  • Purchase snacks and ingredients in bulk to save on unit price. 
  • Baking cookies or making snacks at home can be fun and frugal. 
  • Encourage guests to bring their own beverages to share. 
  • Make a festive punch to serve many – it’s often cheaper than buying individual drinks. 

Dollar-Kind Decor: 

  • Unique and charming plates, glasses, and decorations can often be found second-hand at thrift stores or online. 
  • Remember, a few well-placed candles and clean, simple settings create an elegant atmosphere without costing much. 


Snow-dusted roads loved ones waiting with open arms, and the cozy embrace of home – there is something magical about holiday travels. But, navigating through the festive season doesn’t have to mean navigating through financial stress. Here’s how to keep your journey merry and your wallet happy! 

Early Bird Gets the Worm: 

  • Book well in advance. The sooner you book, the better deals you’ll find on flights, trains, and rentals. 
  • If you can, travel on less popular days (like Christmas Eve or New Year’s Day) to potentially find lower rates. 

Pack and Prep Economically: 

  • Pack snacks for the journey to avoid pricey on-the-road or airport food. 
  • Be mindful of baggage policies to avoid unexpected fees. 

Stay & Save: 

  • If possible, staying with loved ones can save hotel costs (just be sure to be a gracious guest!) 
  • Check out vacation rentals, hostels, or budget hotels, as often more affordable options. 
  • Once at your destination, opt for public transportation instead of rental cars when possible. 

Plan for the Unexpected: 

  • While it may seem unnecessary, travel insurance could save you in the case of unexpected changes or cancellations. 
  • Have a small stash of emergency money in case unexpected costs pop up during your travels. 

Enjoy Local and Low-Cost: 

  • Explore parks, free events, and natural wonders instead of pricey tourist attractions. 
  • Choose local, off-the-beaten-path eateries for more affordable (and often more authentic) dining experiences. 

In moments where you might need a little financial backup, whether it is an unexpected holiday expense, a sudden travel opportunity, or just navigating through the post-festive season, remember that Speedy Cash is here to lend a friendly hand. We offer tailored loan options like Child Tax and Pension Loans to provide extra assistance, ensuring you navigate any financial snowdrifts confidently. From our Speedy Cash family to yours, we wish you a holiday season that is merry, bright, and financially light.