Do a Gift Exchange

When your family and circle of friends grows, that is nothing but a blessing. But, it doesn’t really bless your wallet. When there are several people to purchase gifts for consider doing a gift exchange.

Gift exchanges can be done several ways. You can do the more traditional route where you draw names from a hat. Or, the new media way is to draw online. Use a gift exchange website like Elfster which also allows you to remain anonymous and get hints for what your gift recipient wants.

Some other tips for having a successful gift exchange:

  • Set a price limit for gifts.
  • Determine if gifts will be serious or fun (toe socks anyone??)
  • Set the date for when you will exchange the gifts.
  • Make your gift exchange a potluck.

Visit Happy Housewife to learn how to make a felt road patrol kit. This is too cute!

What gift exchange tips do you have?
Find more ways to save MORE money on Christmas!

I’d love to hear your tips and suggestions for saving more for Christmas expenses! Submit your best savings tip specific to Christmas and Holiday Savings on the Everyday Savings Tips form. You’ll be entered to win the $50 cash price each week too!

by Savings Lifestyle: Andrea on July 24, 2012

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