Great Gift Ideas for the Budget Conscious

Dec 01, 2014

MoneyLife100 They say it’s the thought that counts when it comes to gift giving, but for the giver the cash often counts too. According to the National Retail Federation, the average consumer spent $730 on gifts, food, and decorations for the winter holidays in 2013. Savvy holiday shoppers, though, will find smart ways to save while still making the holidays memorable.

If your budget doesn’t allow for a blowout trip to the mall this holiday season, try these low- or no-cost gift ideas courtesy of the Pennsylvania Institute of Certified Public Accountants.

A Handwritten Note

In the era of electronic communications, receiving a handwritten note is rare and special. If you’re searching for a sentimental gift for someone that means a lot to you, try sitting down with a pen and paper and expressing how you feel. You may be surprised when this free gift means more to a recipient than an expensive purchased gift.

Something Homemade 

Are you a talented baker? Do you have a creative side? If so, try putting some sweat equity into your gifts this season. Thoughtful crafts like a knitted scarf, decorative item for the home, or homemade preserves are unique and easy on the wallet. Your loved ones will appreciate the time and care that went into creating it, and you will save money.

Offer Your Services and Resources

Give the gift of help. Offer to babysit for free to give new parents a night out, lend your handyman services to a friend, or give the skills of your trade or profession. 

Budget Shop

Online shopping is often the most convenient way to score a deal. If you have your eye on a particular gift, many sites allow you to set up alerts to notify you when items go on sale. Don’t be afraid to comparison shop between various retailers as well. Waiting to make a purchase takes time though, so start early and exercise a little patience. It will pay off when you score a great gift for less.

Wrap It Up

A gift’s presentation can elevate something simple to something special. Consider batching inexpensive but specials items for themed gift baskets. Do some research for highly rated but affordable beers and wines and put together a thoughtful grouping. The extra effort will make any gift more special.

Make It Personal

Photo collections are an inexpensive way to make someone’s day. Many people don’t take the time to print hard copies of treasured photos, so do the legwork and surprise your friends and family with beautiful photo collages, framed pictures, or a custom photo calendar. 

The holidays don’t have to break the bank if you plan accordingly and get creative. For more smart budgeting and saving strategies, visit the consumer section of this site. 

The Pennsylvania Institute of Certified Public Accountants (PICPA) is a premiere statewide association of more than 22,000 members working in public accounting, industry, government, and education. Founded in 1897, the PICPA is the second-oldest state CPA organization in the United States.

Money & Life Tips are a joint effort of the AICPA and the Pennsylvania Institute of Certified Public Accountants (PICPA), as part of the profession’s nationwide 360 Degrees of Financial Literacy program.