Gift-giving doesn’t have to break the bank. As the saying goes, “It’s the thought that counts.” This reminds us that we can cut back on expensive gifts and still bring joy to the recipients. A thoughtful present doesn’t need to cost hundreds of dollars to be appreciated.

If you want to give meaningful gifts while sticking to a budget, there are plenty of ways to do so without sacrificing the joy of giving. Here are some tips to help you save money on gifts while still making them memorable.

1. Start a Gift Closet

If you haven’t already, now is the perfect time to start a gift closet. Shop for gifts throughout the year to save yourself time, hassle, and money. By planning ahead, you’ll avoid the last-minute rush that often leads to overspending.

Look for gifts during sales, bazaars, or while on out-of-town trips, and store them in your gift closet. Buying items at discounted prices will save you a lot compared to shopping during peak seasons like the holidays.

To stay organized, keep an inventory of the gifts you’ve collected. This will prevent giving duplicate gifts and ensure you have a good selection of presents ready when needed. Also, consider stockpiling wrapping paper, ribbons, and other decorative accents, as a beautifully wrapped gift adds an extra touch of thoughtfulness.

2. Get Creative with Personal Gifts

One of the most meaningful gifts is one that’s handmade or personalized. A custom or homemade gift shows thought and effort, which can mean more to the recipient than something store-bought. Additionally, creating your own gifts allows you to save money while giving something truly special and unique.

Whether it’s homemade crafts, baked goods, or personalized items like a photo album or hand-knitted scarf, these types of gifts can be both affordable and heartfelt.

3. Organize Your Gift-Giving Process

Being organized is one of the best ways to save money on gifts. Before heading out to shop, make a list that includes the names of the people you’re buying for and your budget for each person. Having a plan will keep you from overspending and ensure that you find meaningful gifts within your budget.

Gift-giving doesn’t need to be expensive to be meaningful. What truly matters is the thought and care you put into choosing or creating a gift. Whether it’s a carefully planned purchase from your gift closet or a handmade creation, the recipient will appreciate that you took the time to think of them on their special day.