December can be a beautiful time of the year. Traditions connect us to fond memories of yesteryear, and we often catch up with friends and family. However, we also tend to spend a lot of money on material goods.
It doesn’t have to be this way. When you pare down the physical gifts and focus on experiences instead, you create ways to save money. Plus, research shows that experiences bring us more joy than anything you could wrap in a box.
Here are three areas where you can get in on the holiday cheer without breaking the bank.
Traditions don’t have to be expensive. Whether you’re establishing new traditions with your children or want to shorten the receipt on yearly meetups with your family, there are numerous ways to enjoy the holiday season without spending much money.
For example, take an annual drive through your city instead of visiting a giant holiday light show that charges you $40 per car to enter. You’d be surprised by how elaborate some of your neighbors’ displays can get, and no ticket fees are involved.
Other family traditions include:
Sharing experiences with your friends is more meaningful than exchanging material gifts. It’s usually cheaper, too.
A holiday friend-group dinner allows you to only pay for your meal rather than individual gifts for everyone at the party. Better yet, it gives you all an excuse to slow down and truly connect at least once a year, ensuring those friendships don’t fade away.
You could also do an annual white elephant gift exchange so everyone only has to buy one gift. Make sure to set a spending cap to keep everyone on budget.
Other ideas include heading to the movie theater together during the final months of the year, setting up a holiday sock exchange, or hosting a holiday game night.
It’s great to spread cheer year-round. Doing so during the holidays is kind and can also be free.
Here are some ways you can spread smiles to your loved ones and community this year:
There’s no reason to drain your bank account this holiday season. Experiences are a meaningful and cost-effective way to celebrate the holidays with those you love.
Payactiv can help you save even more. Download1 the free Payactiv app to access exclusive discounts, whether it’s gas to drive around and see the neighborhood lights or tickets to catch that annual flick with your friends at the theater.
1Standard rates for data and messaging may apply from your wireless service provider.
All content provided on Payactiv.com/financial-learning/ is for informational purposes only. Payactiv makes no representations as to the accuracy or completeness of any information on this site or found by following any link from this site. Payactiv will not be liable for any errors or omissions in this information nor for the availability of this information. Payactiv will not be liable for any losses, injuries, or damages from the display or use of this information.
* The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 877-747-5862, 24 hours a day, 7 days a week.
** Central Bank of Kansas City is the issuer of the Payactiv Visa Prepaid Card only and does not administer, endorse, nor is liable for the Payctiv App.
1 Standard rates for data and messaging may apply from your wireless provider.
Google Play and the Google Play logo are trademarks of Google LLC.
Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.