5 Ways to Save this Holiday Season

Laura Adams, MBA
1-minute read

Most of us spend more than usual during the holidays, so it's a great time to take advantage of clever ways to save money. Here are 5 frugal tips to make the most of your holiday budget:

  1. Use a gift card exchange. At cardpool.com you can buy discounted gift cards, sell gift cards for cash, or trade gift cards.  It's a nifty marketplace that connects you with millions of gift card holders so you can find the perfect gift for someone on your list. Cardpool.com has gift cards from more than 200 top retailers for discounts of up to 30%.

  2. Give your time. Instead of spending money on a present, consider giving gift certificates for your time. Think about what the people on your gift list really need, like babysitting, cooking, gardening, organizing, cleaning, computer help, or a relaxing massage.

  3. Redeem your credit card rewards. If your card offers cash back or points, use those rewards for holiday gifts or gift cards.

  4. Save on wrapping paper. If you get newspapers, magazines, or grocery-store paper bags, turn them into a fun, recycled wrapping paper.

  5. Cut travel expenses. If you fly during the holidays, don't buy expensive food and drinks in the airport. Instead, bring an empty water bottle and fill it up at a water fountain after you go through security. Also, have your own snacks or a wrapped sandwich in your carry-on bag. Here's a list of foods the TSA allows.

Christmas Morning image courtesy of Shutterstock

About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a frequent, trusted source for the national media. Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers is her newest title. Laura's previous book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love, was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show.