How can I give gifts on a budget?

Gift giving doesn’t need to be pricey, stressful or financially straining. Remember also that money or gifts do not replace your love, even if you’ve been away from your family for a long time. 

If you’re going home for a holiday or special occasion, do not take out a loan to buy expensive presents or gadgets - this can take you further away from future goals. Instead, consider the following points:

• Know what you can comfortably give: Keep in mind the goals you have set out to save towards and don’t feel bad if what you give is not on their wish list. 

• Plan ahead: Make sure to stick to a monthly budget that sets aside some money for gift or holiday spending so that the giving-season doesn’t come as a stressful surprise.

• Know your options: Take time to check different options for your gift. Perhaps there is better quality or a better deal out there. Also consider if your gift can be valued as a second-hand or self-made item.

• Encourage interests or hobbies: Consider gifting classes, equipment, or instructional books in the area of your loved one’s interest. Support their curiosity for learning and it will become a gift that just keeps giving.

• Up-cycle: Refrain from buying brand new items and see if you can take an environmentally friendly approach by refreshing a second-hand item.

• Go back to the basics: At the foundation of gift giving, it’s all about expressing sincere thought and love. Send a handwritten Christmas card via traditional post, and make your own gifts –the personal touch speaks volumes.

• Give new memories: If you are able to go back to spend the holiday season with your loved ones, spending quality time with them is the best gift. It doesn’t have to be an expensive affair either. Take advantage of the great outdoors to have a picnic or a hike. Memories of doing something special with you will last much more than happiness over a new toy or gadget.