656 Financial tips and laws for today and tomorrow

Here are the best tips to plan thoughtful Christmas gifts without going over budget.

Tip 1: Budget a Price per Person

Set a realistic limit to the spending amount you have budgeted for that gift and stick with it so that your overall gift budget doesn't get out of control.

Tip 2: Select meaningful low-cost gifts

Opt for candles, books, treats or cozy winter accessories that have a high value appearance but are lower in price.

Tip 3: Offer simple handmade presents

Homemade baked goods, framed photos, handmade ornaments or curated mini gift baskets are all thoughtful and inexpensive gift options.

Tip 4: Regift items smartly

Only regift unused, high-quality items; remove old tags and ensure the recipient is not connected to the original giver.

Tip 5: Cashback rewards or points

Redeem credit card rewards, cashback balance, or loyalty points to reduce your out-of-pocket spending on gifts.