December 14, 2020
Gifts for the cost-conscious

As our finances ebb and flow, we will sometimes face a festive season where we have to think out of the box for holiday gifts...

As our finances ebb and flow, we will sometimes face a festive season where we have to think out of the box for holiday gifts. Gifts are a wonderful way to let our loved ones know how much we appreciate and value them, but they can be expensive and out of reach if we don’t give them enough thought.

Gifts don’t always have to be a physical, fit-in-a-box, wrappable item - they just have to be meaningful and well-considered. Most people don’t actually want the plastic swizzle sticks from the local Crazy Store that have been sitting on the same shelf for the last seven years.

If you’re willing (or needing) to be a little more cost-conscious in your gifting, then here are some great ideas to add to your list.

Memberships and subscriptions

Instead of designer socks or a new skincare regime pack, how about paying for that SkillShare class or MindValley course your friend has been talking about? If you’re getting gifts for someone who reads a lot, why not pay for an Audible subscription or Kindle voucher?

If you’re looking to reduce the stress and boredom of someone who’s housebound, you could get them a gift voucher to NetFlix, iTunes or Spotify.

Even if it’s a three-month subscription (remember, the first month is generally free), they’ll think of you every time they enjoy the ease of choosing what they want to watch or listen to.

A ticket or voucher for an experience

Vouchers for dinners, a day in a theme park or a guided tour are downright exciting! Whether it’s to a local wine estate, or that touristy balloon thing that no locals ever pay to do, this type of gift can be well-tailored to the person you’re gifting.

Of course, you’ll have to look for gift options that will be fun but affordable at the same time. If you’re going for a road trip or flying somewhere you may have to fork out more, whereas, if it’s dinner at a niche restaurant or a ticket to a concert you could spend less than on those designer socks...

Try secret Santa

Giving gifts can be an interactive event that includes everyone. With so many events going virtual, you can have a virtual secret Santa, for exchanging gifts with colleagues as well as friends and family.

There are great apps to help with a virtual secret Santa (like Elfster or Giftster), but with a little innovation, you and your squad can draw names and use local online shopping to send gifts to people.

If you think about it - this becomes an awesome idea for groups of friends, colleagues and families who find themselves on completely different continents.

Remember, costly gifts are often the ones that go unused. You don’t have to spend outside of your budget, and you don’t have to pressure others to do so either. You can start a trend and set the pace for more responsible spending and celebrating this festive season!

Liron Mazor

Greengrass Wealth Management is an authorised and licensed independent financial services provider with the Financial Services Board (FSP Number: 19308)
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