For 2025, according to PwC, 84 percent of consumers say they will be cutting their holiday spending. If you’re one of those people who are trying to stretch your holiday budget without losing the cheer, you should start planning for the holidays in September—if not earlier! You can save money by laying out a plan early for gift-giving and other holiday traditions and taking advantage of sales throughout the season.
Budget by Creating a Gift-Giving Plan
Most people tout making a holiday budget, but this can be easier said than done. That’s because you probably don’t want to skimp on gifts for your immediate family, and a lot of your shopping may be done at the last minute. That’s where the three-gift rule comes into play.Based on the three gifts given by the wise men, the three-gift rule means giving three gifts from you (or from Santa, if applicable). The gifts are in categories, including something the recipient wants, something they need, and something to read. Following this plan helps you plan and stay on budget.
