There’s a reason why the holidays are often referred to as the “most wonderful time of the year.”

There’s no shortage of twinkly decorations and delicious food, and everyone seems to be in a festive mood. Plus, you’re gearing up to give and receive Christmas gifts.

While Christmas presents are a nice perk of the holiday season, there’s no question that they can be a bit of a drain on the wallet. Luckily, there are tons of easy ways to save money on  Christmas presents and still get friends and family gifts they actually want.

Here are six amazing ideas that can help you save on Christmas presents:

Organize a Secret Santa gift exchange

Any money-saving expert will tell you that the easiest way to save money on Christmas presents is to simply not buy too many of them. Whether you’ve got a big family, a big friend group, or both, organize a Secret Santa gift exchange. This way, everyone will be assigned just one person to buy a gift for, rather than multiple people. In addition to being more financially responsible, you’ll be more likely to give your assigned friend or family member a gift they actually want because you’ll only be thinking about them.

Check money-saving apps

If you have a few gifts ideas in mind, check them out on money-saving apps before you make any purchases. With the ShopSavvy app, you can scan product barcodes for price comparisons at stores and online retailers. Some participating retailers even offer cash back as a bonus to ShopSavvy users. Need a gift idea? Check the app for new product recommendations and reviews on items in more than 400 categories.

Groupon is another useful app to have in your pocket during the holiday season. Use their “Give as a Gift” option for savings on products, travel, restaurants, and more!

Shop for digital deals

Know a book lover? Find out if he or she has a Kindle or e-reader device. Digital book copies are often less expensive than their printed versions.

Make homemade Christmas presents

If you have extra time on your hands, here’s a gift idea: Make your own Christmas presents. Whether you’re a knitter, a baker, or a top-notch crafter, spend a few afternoons making your gifts. People will be touched by how personal they are. Need affordable materials? Souq and Noon have you covered.

Shop affordable wall art

Looking for a unique Christmas present idea? Great wall art can completely change the look and feel of a home, but it can be incredibly expensive. If you’re in the money-saving mood, IKEA has gorgeous wall art and frames that are way more affordable than many other home stores.

Shop affordable wall art here.

Give the gift of experience

Presents don’t have to be things — they can also be experiences, and experiences are gifted at a later time. In other words, you can give friends and family members a “coupon” for dinner on you to be redeemed at another time, which will likely be after the holiday season has passed. It’s always good to spread your spending out!

Because you’ll have saved so much this year on gifts, you can use that extra money toward a new Sarwa account. Watching your money grow in an ETF investment portfolio is the best way to give yourself a gift that keeps on giving!

And, you can spread the joy of saving. Refer your friends to Sarwa. If any of them start investing with us, we’ll give you both AED 250!

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