5 Simple Ways to have a Debt-Free Christmas

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How to have a debt-free Christmas? Here are 5 things you can do to save money during this holiday season.

Hi friends! Christmas is just right around the corner. Have you done your Christmas shopping yet? I’ve done all and I’m going to bake some cookies as homemade gifts for my friends.

It can be an expensive time of the year and I heard a lot about how much money people have to spend to make things happen. Be quite honest, it’s easy to fall into debt if you don’t have any savings and budget.

Today, I wanted to share 5 simple ways to have a debt-free Christmas.

Nobody wants to have a stressful holiday and going deep into debt after Christmas. Want to love and enjoy more this festive season? Here are the things you can do to simplify the holidays and have a debt-free Christmas.

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5 Simple Ways to Have a Debt-Free Christmas

1. Create a Christmas budget and stick to it

If you don’t set a budget, you can easily overspend on Christmas shopping because you don’t keep track of what you spend. Set a budget and stick to it. Make a gift list in your notebook. Use a notebook to write down each recipient, gift ideas and the amount of each item that you’re expected to spend. 

In this way, you’ll know where’s your money going. Not only keep you stay on track financially but also help you not to stress about the debt after the holidays. Setting a budget also helps to avoid impulse purchases too.

Related Minimalist Christmas posts:

5 Ways to Simplify Christmas

debt-free Christmas holiday season

2. Find the best deals online

When you set a budget and have a list, shop online. Most retailers now have their online stores and always have the best deals on Black Friday and some special days. Shop around and compare prices to get the best deals online. It helps to save you so much money.

Related Minimalist Money Tips:

16 Ways to Save Money with a Minimalist Mindset

10 Things I Don’t Buy Anymore

3. Use Cash Back Credit Cards

I like to save as much money as possible. Spending money using a cashback credit card gives me significant cash back at the end of the year.

I don’t worry about overspending money on a credit card. If you set a budget with a list, shopping online with a cashback credit card will only save you money.

Set a budget for gift-giving and keep track of it. Keep in mind that not allowing yourself to spend exceed the amount you set.

debt-free Christmas holiday season

4. DIY Gifts

DIY Christmas gifts are fun to give and with lots of love. They won’t take you too much time to make. Jen has some awesome quick DIY gift ideas that I can’t wait to try. Go with these homemade gifts in the mason jars for your lovely family and friends!

I also like to have homemade baked goods for my friends. It’s easy and inexpensive to make that everybody loves. 

5. Potluck Party

Hosting a Christmas party doesn’t mean you have to spend a lot of money. Throwing a potluck can cut the cost of food, save your time and energy.

When we throw a potluck party, we make one or two main dishes and ask guests to bring their favorite holiday dishes to share.

Hosting a potluck party can save you a few hundred dollars and spend less time in the kitchen that makes it less stressful for you.

5 Smart ways to save money at Christmas. Tips for having a stress-free and debt-free Christmas.

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  1. I have ‘made’ most of the gifts that I am giving this year. I also told my family that I don’t want any gifts. (I won’t have to feel the guilt when I get rid of gifts that I don’t want.)
    I’ve been sewing since I was very young. Family members have even asked for specific items.

  2. i was thinking about doing my own gifts this christmas instead of buying i am going to do some baking and give them out. No use spending what you need to use for something else and I think thats what the masses do.

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