{"id":86108,"date":"2022-12-11T11:25:40","date_gmt":"2022-12-11T15:25:40","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=86108"},"modified":"2022-12-12T16:57:42","modified_gmt":"2022-12-12T20:57:42","slug":"how-to-save-money-during-the-holidays","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/how-to-save-money-during-the-holidays\/","title":{"rendered":"How to Save Money During the Holidays & Stop Overspending"},"content":{"rendered":"\n

Want to know how to save money<\/a> during the holidays? How can you stop overspending<\/a> on gifts?<\/p>\n\n\n\n

With inflation cutting into Christmas budgets and a recession possible next year, shoppers in many countries are checking their Christmas lists twice\u2014and crossing off a few things. But rather than ruining the holiday, experts say saving money during the holidays can be good for you. <\/p>\n\n\n\n

Keep reading to learn how to save money during the holidays and avoid overspending.<\/p>\n\n\n\n\n\n\n\n

Saving Money During the Holidays\u2014A Good Deed<\/h2>\n\n\n\n

As the holiday season approaches, inflation in the U.S. and Europe is putting a crimp in the merry-making. In surveys, 82% of people in France, Germany, Italy, Spain, the UK, and the U.S. express low confidence in spending<\/a> amid inflation, leaving many shoppers wondering how to save money during the holidays with fears of a looming recession.<\/p>\n\n\n\n

Consumer prices in the U.S. have risen 7.75%<\/a> since this time last year, far exceeding the rise in wages. This means many plan to spend less on holiday gifts<\/a>. Americans say they plan to buy an average of nine gifts this year, as compared with 16 last year. While economists worry that consumer fears will further weaken the economy<\/a>, others believe a less consumerism-focused holiday season is a good thing\u2014not only for your budget, but also for the environment and your overall well-being.<\/strong><\/p>\n\n\n\n

In this article, we\u2019ll look at some reasons to avoid holiday consumerism, and give you some tips on how to save money during the holidays by focusing less on the material and more on the deeper meanings of the season.<\/p>\n\n\n\n

Practical Ideas<\/h3>\n\n\n\n

Surveys indicate that around 42% of Americans will likely go into debt<\/a> to pay for the holidays this year. Meanwhile, the average American reports that they receive at least one unwanted gift<\/a> during the holidays, with $16 billion wasted annually on Christmas gifts the recipient doesn\u2019t want.\u00a0<\/p>\n\n\n\n

Those gifts then become clutter in the recipient\u2019s home. Psychological research shows that living with too much clutter has a negative impact on mental health<\/a>, so your gift-giving may actually contribute negatively to someone\u2019s life rather than positively. <\/p>\n\n\n\n

Some ideas for saving money during the holidays and reducing the amount of unwanted gifts include:<\/strong><\/p>\n\n\n\n