This article was sponsored by Navy Federal Credit Union. Navy Federal Credit Union is federally insured by NCUA.
The holiday season is a time for joy, giving and connection—but it can also put a significant strain on your wallet. That strain can be compounded for military members who might be traveling home to visit family on top of all the other holiday expenses. Fortunately, with a little planning and strategy, you can give thoughtful gifts without overspending. Here are eight savvy ways to save money while making your loved ones feel special.
1. Start early and set a budget
Procrastination can lead to rushed decisions and overspending. Start your gift planning early and set a clear budget for each person on your list. Use tools like spreadsheets or budgeting apps to track your purchases and avoid last-minute panic buys that can derail your spending plan.
2. Shop sales and use price tracking tools
Take advantage of sales events like Black Friday, Cyber Monday, and early holiday promotions. Tools like Honey, CamelCamelCamel, and Google Shopping can help you monitor prices and notify you when an item you want drops to its lowest price. This ensures you get the best deal without constantly refreshing websites.
3. Maximize cash back and rewards programs
Make your holiday spending work for you. A real quick way to earn $200 is to open a cashRewards Plus or cashRewards card with Navy Federal Credit Union and spend $2,000 within 90 days of account opening. You’ll also get up to 2% cash back on all your purchases for the holidays! But you have to be quick with this deal–the offer ends Jan. 1, 2025. Use this wisely for your holiday purchases to further reduce costs.
4. DIY or gift experiences
Homemade gifts or thoughtful experiences can be just as meaningful—and often more memorable—than store-bought presents. Consider making personalized photo albums, baked goods, or hand-knit scarves. Alternatively, gift experiences like a “family movie night” kit or tickets to a fun event your loved ones can enjoy together.
5. Consider Secret Santa for extended family
When you have a large family, buying for everyone can quickly become expensive. Suggest a Secret Santa exchange to limit the number of gifts you need to purchase. Not only does this save money, but it also makes gift-giving more personal and less stressful.
6. Buy in bulk
For group gifts or stocking stuffers, buying in bulk can save you money. For example, a pack of candles or gourmet chocolates can be divided into individual gifts. This approach works especially well for coworkers, teachers, or other groups where you want to give small but thoughtful tokens.
7. Take advantage of free shipping offers
Many retailers offer free shipping during the holidays, either as a promotional deal or when you meet a minimum purchase amount. Combine your purchases to hit the free shipping threshold or use services like ShopRunner, which offers free two-day shipping at many retailers. Timing your purchases around free shipping days can also save you significant costs.
8. Buy discounted gift cards
Gift cards are a popular and practical option for holiday giving—and they’re even better when you can get them at a discount. Retailers like Costco, Sam’s Club, and websites like Raise or CardCash often sell gift cards below face value. You can also use gift cards to shop for other presents, effectively giving you a built-in discount.
Saving money during the holiday season doesn’t mean skimping on thoughtfulness. By starting early, leveraging smart tools and taking advantage of deals like Navy Federal Credit Union’s credit card offer, you can give gifts that are both meaningful and budget-friendly. Happy shopping!