Research from Stanford University shows there is no correlation between the amount of money spent on a gift and the appreciation the recipient feels. In other words, you don't have to break the bank to be appreciated this holiday season!
Keep that in mind as you’re heading to the stores one last time this season, along with the following tips:
- Get offline. 'Tis the season for online shopping, but the closer you get to Christmas, the more you’re going to end up paying on shipping. Hit the stores if you want to save some money.
- Give things you already have. If you have unused gift cards (fully unused, say a $25 card) you can regift the card itself. You can also buy things with frequent flyer miles, or even gift a plane ticket or a hotel stay.
- Make a charitable contribution. When you give to charity in a friend’s name, what gets reported is that a gift was made — not the amount of the gift. So, make a donation in keeping with your budget, which you can easily do online. The recipient never has to know how much you spent!
Come back tomorrow to see the next holiday savings tips unlocked!