HolidayBudget Friendly Gift Options for Any Occasion

February 10, 2022by Bailey Wealth Services

Holidays and stress seem to go together like a hand in glove. One common cause of stress comes in picking out the perfect present for their loved ones. But that can also create a different source of stress-spending too much on gifts and going deep into debt.

As a result, many people feel pulled in two directions at once. But you can give thoughtful gifts and keep your spending under control. Consider these budget-friends gifting options:

Give with a personal touch. Photos are a great way to be thoughtful during the gift-giving season, but you have options beyond picture frames and prints. These days, you can put a digital photo on just about any object, which makes your gift personal and practical. Consider screening a favorite photo on everyday items such as coffee mugs or coasters.

Make an event out of it. Even while you’re practicing social distancing with family and friends, you can look ahead to getting back together in the future with tickets or coupons for social activities. Local events are great for planning an outing with friends or family members or creating a reason for a “date night” with a partner or spouse. Plus, you don’t have to break the bank with pricey concert or theater tickets. You may find some great deals right now on movies, theater, concerts, and musical performances from arts organizations looking to stay connected with their communities.

Do it yourself. Maybe you don’t have a creative bone in your body and a DIY gift isn’t your style. You can still think outside the box to craft thoughtful gifts that don’t come from a store and won’t cost you a lot of money. Edible gifts are almost always welcome, whether you bake something from scratch or assemble a basket of favorite foods.

Shop year-round for gift ideas. This idea is one you can use year-round for any gift-giving opportunity-birthdays, holidays, anniversaries, etc. First, make a list of gift ideas for all the special people in your life and take it with you whenever you go shopping. Then, buy items from this list only when they are on sale or priced at a significant discount, say 50% of the retail price. When a gifting occasion comes around, you have a gift at the ready. And because you bought it on sale, you can avoid busting your personal budget on presents.

 

 

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal.  This material was prepared by LPL Financial, LLC. Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. To the extent you are receiving investment advice from a separately registered independent investment advisor that is not an LPL affiliate, please note LPL makes no representation with respect to such entity. Securities and insurance offered through LPL or its affiliates are: 

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