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. Set a Budget with a List

If you don’t set a budget, you’ll most likely overspend in this holiday season because you don’t keep track of what you spend. Set a budget and make a 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.

Related Minimalist Christmas posts:

5 Ways to Simplify Christmas and Enjoy this Holiday Season

debt-free Christmas holiday season

2. Get 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, you’ll then save much money on great deals.

I’m too late to use Ebates. Many of my favorite stores like amazon.ca, Old Navy and Chapters-Indigo are on Ebates. Last time I bought some clothes and accessories at Old Navy and got me 8% cash back. If you’re still not using Ebates yet, go sign up now and save your 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 Card

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’m not worried to overspend money with a credit card. When you’ve set a budget with a list, purchase your things online with a cashback credit card will only save you money. Write down the items and amount that you spent in your notebook and keep track of it. Just to 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 friends!

I also like to have homemade baked goods and treats for my friends. Using the things that you already have will save you money and will not break your bank.

5. Potluck Party

Hosting a Christmas party doesn’t mean have to spend a lot of money. Make it a potluck can cut the cost of food. When we throw a potluck party, we provide the main dish and ask each of the family to bring a dish to share.

Doing this will save you a few hundred dollars, spend less time in the kitchen, save you time and less stress trying to do too much in too little time.

What are you doing or planning to do to have a debt-free Christmas? Please share in the comment and I’d like to know.

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.

    1. Your family members would be very excited to open your handmade gifts!

  2. jiselle jones says:

    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.

    1. Homemade baked goods are always one of the best gifts to give. Thanks for stopping by!

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