The holiday season is a magical time, but it can also be a very expensive one if you’re not careful. To help you avoid financial stress come January, we’ve put together 10 tips to keep your holiday spending under control. 

Tip 1: Set a spending plan

The best way to avoid a massive credit card bill after the holidays is to create a spending plan. Decide how much you’re going to spend on each person for gifts, and budget for food, travel, and decorations. If you overspend in one area, adjust another. A little planning goes a long way in keeping your finances on track.  

Tip 2: Consider a 0% credit card

If you’re planning to use credit for your holiday shopping, consider a 0% interest card. Many offer an introductory period where you pay no interest on purchases or balance transfers. Just be sure to pay off the balance before the promotional period ends to avoid high-interest charges. 

Tip 3: DIY gifts

Homemade gifts show thoughtfulness and creativity without adding to clutter. Whether it’s baked goods, crafts, or personalized items, these gifts can be more meaningful than store-bought ones—and they’re budget-friendly. For a creative touch, try using inexpensive, stylish wrapping paper or decorations. Pinterest is great for inspiration. 

Tip 4: Shop last minute bargains

These days, many stores start their post-holiday sales even before the holidays begin. Shopping late may seem risky, but it can also mean snagging great deals. If you’re shopping online, make sure gifts will be delivered in time. Opt for store pickup if you’re worried about missed deliveries. 

Tip 5: Start collecting coupons now

Stores often offer coupons for a wide variety of products. Start collecting now to use during holiday sales. If you get coupons you don’t need, consider swapping them with friends or family. 

Tip 6: Get your staples from budget stores

You don’t have to buy everything from high-end stores. For basics like canned goods, cleaning supplies, and non-perishable items, shop at budget retailers. Save your money for the special items like a quality turkey or holiday treats. 

Tip 7: Sell unused items before the holidays

Clear out your space and make some extra cash by selling things you don’t use. The holiday season is a great time to sell on platforms like eBay, Poshmark, or Facebook Marketplace because more people are looking to buy. 

Tip 8: Use cashback sites for shopping

Websites like Rakuten or BeFrugal offer cashback when you shop through them. Retailers pay these sites a commission for your purchase, and they pass some of it back to you. It’s an easy way to get a little extra money while shopping. 

Tip 9: Declare a present truce

Do you really need to exchange gifts with every single friend or family member? Suggest a “no-gifts” agreement with some people. That way, everyone saves money and avoids the pressure of buying something just for the sake of it. 

Tip 10: Save your holiday supplies for next year

Don’t toss your wrapping paper, decorations, or table settings after the holidays. Pack them away and reuse them next year. You’ll save money, reduce waste, and the planet will thank you. 

With a little planning and some savvy shopping, you can enjoy the holiday season without breaking the bank!