The holidays are a magical time of the year, but for all the pomp and flair with which they are welcomed, our wallets might be telling another story. The scenario of running on a tight budget during the holidays rings true in quite a few households in the economy.
Holidays Are Not Cancelled Because Of The Pandemic
In fact, with the covid-19 pandemic causing numerous people to lose jobs or have their salaries slashed, the American household income is still being nursed back to health, which naturally means that the purse strings are going to be a little tight. However, this in no way means that you have to compromise on the quality of your festivities.
As Tawra Kellam (one of the bloggers of Living on a Dime to Grow Rich) says, ‘’It is about taking time off work and having fun together. Doing little things can also make Christmas special’’. So, here are a few ways you can ensure that your holidays are economical as well enjoyable!
- Gifts on a budget –
Gift-giving is a common characteristic of the holidays. However, you needn’t feel disheartened if you are unable to afford exquisite gifts for everybody. Instead, you can opt for gifts that work with your budget, since we can all agree that when it comes to gifts, it’s the thought that matters. DIY gifts are an extremely viable option for giving out economical gifts with a personal thought. If making gifts yourself is not your strong suit, then you may opt for other modes of gift-giving, such as sending out e-cards, making a run to the dollar store, trying Secret Santa exchanges, shopping from thrift stores, making personalized redeemable coupons, et cetera.
- Sustainable wrapping –
We often end up spending a lot more on wrapping paper than is necessary. One way to ensure that this doesn’t eat up into a huge chunk of your holiday budget is by opting for sustainable wrapping paper such as newspaper, magazine clippings, or reusing any old leftover wrapping paper from birthdays. If you want to enhance the look of the gift, then purchase ribbons, Christmas cards, et cetera, from thrift stores for low prices. Some stores give out complimentary wrapping paper, so ensure to make use of that facility as well.
- Deck the halls with boughs–
Nothing screams the holidays like waking up to halls decked with decorations and a lavish Christmas tree. However, you don’t have to spend a ton to make sure your home looks good and cozy for Santa. Add that inexpensive but personal touch by shopping for decorations from thrift stores, reusing any old streamers you might have left, asking gift stores for decorations they were going to throw away, switching expensive Christmas ribbons with fabric cut into strips, and making use of string lights to give the room a warm outlook. The point is to think out of the box as much as possible.
- Economical family fun –
Holidays are about spending time with family. That being said, you don’t have to throw away all the big bucks to plan an extravagant family trip. All that matters is that you make memories that last a lifetime. So, you can make this family time fun by opting for economical ways such as playing a fun board game, watching a Christmas movie, playing in the snow, having a sing-along, baking Christmas cookies together, and even decorating the tree, among others. If you don’t have the budget to fly out and meet extended family members, then you can engage in some virtual fun with them as well!
- Minimalistic dinner –
If you have a particularly big family, then going out for a holiday dinner might not exactly be within your means. Instead, you can switch to a minimalistic dinner that still allows you to indulge in tasty food, all while staying within the purview of your budget. You may opt for the usage of discounted frozen food and cake mixes, make use of coupons designed specifically for the holidays and even enroll in a donation program. Another fun way to have a memorable holiday dinner is by engaging the whole family in making the dinner from scratch!
The takeaway is that tight purse strings don’t have to mean a boring Christmas. There are numerous ways to ensure that money does not come in the way of you having a fun holiday and making memories that you will cherish for the days to come!