Christmas means different things to various people. For Christians, it’s the pure birth of a savior. For merchants, it’s the magical birth of hefty moneybags. For the average Joe, it’s the painful birth of Christmas shopping lists.

Yes, Christmas is a time of giving. Sadly, commercialization and ingenious marketing techniques by businesspeople have set the ground-rules that the more you give, the more you love. This probably means wallet-unfriendly gifts to your closest circle of friends and family, and a cumulatively painful deduction on your bank balance for acquaintances/colleagues/school-mates.

The question here is, how to perform your duty in love, without burning too massive a hole in your wallets?

1. Budgeting

A little careful planning does go a long way! A common grouse in Christmas present shopping is “But he/she already has everything!”. Rather than hitting the shops aimlessly and trying to spot that item your friend shockingly does not own, a few hours of quiet reflection can help you decide what your friend really lacks or needs. In this way, there is possibility of purchasing items of more lasting value for your loved ones. Other than presents, everyone knows that Christmas isn’t complete without a Christmas party, Christmas cards, Christmas décor…and the list goes on. Not keeping track of your spending could very possibly leave you derailed in a trail of credit card bills. There’s a saying that goes ‘It’s the thought that counts’. Well, this is probably the wrong context, but nonetheless so very true.

(Source:http://blogs.smarter.com/babieskids/tag/christmas/)

Here’s a useful budget worksheet!

2. Creativity
Rather than sticking to boring store-bought presents that people might possibly leave in a ‘special corner’ or worse, re-gift, why not DIY? There’s always that added touch of sincerity (not to mention cost-savings) and personal touch that means so much more than plucking random items off a shelf. A photo collage, a mixed tape, home-baked cookies…after all, some argue that time is money and there’s nothing that represents the love than precious time spent on making a gift.

(Holiday Cookie Ornaments, www.bettycrocker.com)

As for parties, there are always sneaky ways to save money on catering. One super-fun and cost-efficient way I’ve found is to have an Iron Chef Party! Not only will it cut out awkward small-talk, but also allow your guests to have a great time in the kitchen cooking up a Christmas storm. What exactly is this mysterious party? Check it out here!

Yes, it is always better to give than to receive. But tightening the purse-strings a little on presents doesn’t make you a scrooge, and don’t forget to show yourself (and your bank account) a little love this festive season!

-stella