Gifting, one of the best and worse things that happens year in year out. According to journalist reports, Brits spend more than £850 a year on gifts and celebrations! If you’re a student or your income is low… that is a large amount of money to be spending each year which could go towards savings. But we would never stop spending that amount of money per annum because we love treating our friends and family on their special occasions.
Instead, we can be smart about how we do it. We don’t have to spend a fortune on somebody to let them know that we appreciate them. Here’s some tips on how to be smart about your gift buying this year…
1. If a gift doesn’t ‘look much’ we’re guilty of spending extra money to make it look like it’s worth more, but why? The extra gifts you buy might be nice, but completely unnecessary. Quite often small gifts e.g. jewellery, gift cards, make up etc. are expensive gifts anyway. Bigger is not always better.
2. Thoughtful gifts completely outweigh expensive gifts. Giving someone a personalised gift holds a lot more value to an individual, the thought behind it means a lot more than having spent a fortune on a gift. You can find some absolutely gorgeous personalised gifts on The Gift Co.
3. Have a long think about something the recipient would really like. Again, something they would appreciate will go a long way, and likely to be something they will make use of. This could relate to anything they like e.g. their favourite animal, chocolate, place, hobby, you name it.
4. Buy them something that they need. Too often we ask someone what they’d like for their birthday and the response is “I don’t know’ or “nothing”. Be logical and take note throughout the year about things they have mentioned that they’d potentially love to own.
Tip: Keep a notes page on your phone (make sure the note is locked), write down any gift ideas or anything they mention they’d like and then refer back to it in the lead up to their birthday.
These tips should hopefully allow you to give the best gifts you could possibly give on a reduced budget. It’s simply a case of being smart about your money use and making sure what you buy is worthwhile.