If you feel like your spending around the holidays seems to increase each year, you may be on to something. According to the National Retail Federation, in 2025 Americans planned to individually spend an average of $890 on holiday items, including gifts, food, and decorations. It was the second-highest amount on record.
But celebrating the season shouldn’t have to go hand-in-hand with financial stress. That’s why we’ve gathered some ideas to help. With a little planning, creativity, and a focus on what matters most, you can keep calm this holiday season while still having fun.
Here are a few ways to enjoy less stressful celebrations:
Create a realistic spending plan
Before you start buying gifts and planning celebrations, decide how much you can comfortably afford to spend this season. It’s important to think beyond just presents. You need to include holiday meals, decorations, travel, entertaining and all those little extras. Once you have a total in mind, divide it into categories and track your spending as you go.
For example: If your holiday spending budget is $600, you might consider $350 for gifts, $150 for food and celebrations, and $100 for unexpected expenses. Having a plan makes it easier to say yes to what matters and no to what doesn't. You can even consider rewarding yourself for staying within your budget.
Get creative with your gift giving
A thoughtful gift doesn't have to come with a big price tag. In fact, some of the most meaningful gifts can be inexpensive.
Consider organizing a family gift exchange instead of buying for everyone, making homemade treats, putting together a personalized photo album or creating a “coupon book” with acts of service you can perform throughout the year.
You can also suggest spending limits to your family and friends. Chances are, they may appreciate the limits as they do their holiday shopping, too.
Make memories, instead of purchases
For most of us, our favorite holiday memories involve people and traditions more than expensive presents. The gift of time is often more meaningful than gifts.
With this in mind, consider hosting a holiday movie night, baking cookies together, exploring neighborhood light displays, or even volunteering for a local cause. These experiences can create lasting memories, and even new traditions, without draining your funds.
Shop smart and avoid impulse purchases
Holiday sales can be tempting, but a great deal isn't really a deal if you're buying something you don't need. Impulse buying while online shopping can be a real problem! That’s why it’s important to make a list before you shop, compare prices and give yourself time to think before making any unplanned purchases.
If you're using a credit card for holiday purchases, pay attention to interest rates and have a plan to pay off your balance. A low-rate credit card may help you save on interest compared to higher-rate cards if you need extra time to pay.
Give yourself the gift of a stress-free January
It's easy to get caught up in the excitement of the season, but remember that your regular bills don't take a holiday! Before making a major purchase, consider how it will affect your finances in the new year. Avoid taking on more debt than you can comfortably repay, and make a plan for any balances you carry.
Bonus tip: If you need extra financial flexibility during the holidays, consider Credit Union of Ohio’s Holiday Loan Special to help you manage seasonal expenses with rates lower than most credit cards.
Finally, remember that the focus should not be about how much money you spend, but about spending quality time with the people you care about. A little planning now can help you enjoy the season and start the new year feeling financially confident.
Want to get more help maximizing your holiday budget?
At Credit Union of Ohio, we aim to be your trusted financial partner in providing access to the tools, guidance, and support you need to succeed. From free financial counseling and financial education to low-interest lending options and unique savings products, we’re here to help you live your best life. Call 800.443.5698 or stop by your local branch to get personalized help today.