Every year billions of people scramble from October to December to come up with gifts for heir loved ones during the holiday season. This week in our series on frugal living, we want to help you overcome that by teaching you How to Save Money With A Gift Closet. This doesn’t have to be an actual closet, but it is a method of purchasing gifts throughout the year to be used as needed during the holiday season.
HOW TO SAVE MONEY WITH A GIFT CLOSET
Shop post holiday clearance sales. One of the biggest ways to create a great gift closet is to take advantage of post holiday clearance sales. The largest holiday clearance sales to check out for gifts are going to be Christmas, Valentine’s Day, Easter and Halloween. Each of these holidays will provide you with a chance to pick up items like cologne and perfume gift sets, candles, basic décor and even costumes and toys. Watch for items that can be used as neutral décor or gifts without having to depend upon the holiday to be useful.
Shop end of season sales. At the end of each season many items will go on sale at deep discounts Things like clothing, bedding, linens, home décor and even toy can all be marked down at the end of each season. Watch for great deals on items that can easily be gifted to your friends and family for everything from birthdays to anniversaries and weddings.
Shop last years models. Whenever a new version or model comes out, there is an opportunity to pick up the last model at a better price. These events happen year round, so if you are looking to purchase a big ticket item like a TV, Blu-Ray player, cell phone or even game system watch for the latest models to be released. Check for lower prices on the last model, or even potentially the display model in stores.
Building up a great gift closet is the perfect way to slowly create a stockpile of items you can use year round at a fraction of the cost. There are so many ways to save money doing this, but the biggest is to see small purchases throughout the year when affordable instead of several large purchases all at once at the end of the year.
Do you save money with a gift closet?