Budgeting can be tough at the best of times, and during the holidays I often feel like I’m in some sort of financial obstacle course—every time I turn a corner, there’s another (usually pretty good) reason to drop some cash.

So, to help us all, I’ve compiled some successful techniques I’ve seen for maintaining the holiday spirit and your bank account.

Choosing Names

If you get together with a lot of family members for holidays, finding the time and money to get gifts for everyone can be a major source of stress – and, ultimately, unwanted “stuff” for everyone. Consider one of these options:

• Draw names “Secret Santa” style: Have every family member pick one person to give to. You can even set a price limit. That way, individual gifts are more meaningful.
• Make it a game: Have every family member bring a gift of a set price limit. Then draw numbers and let each number picked a wrapped present. Encourage exchanges or make up your own rules. That way, you’re focusing on the family interactions rather than the things.

Group Gifts & Donations

If your family or group of friends has a charity or cause that’s close to your hearts (e.g. the research organization for a particular disease or a child’s school), consider donating money as a group.

Like everyone else, charities are hurting this year, and if you’ve considered cutting back on your usual donations, you’re not alone. But if you can get a group together to give to a good cause, you’ll have a sense of satisfaction (and no new junk to lug home).

Experience Gifts

If you’d like to do something special for your loved ones but can’t think of any stuff they’d like, consider offering them a chance to have rewarding experiences. For example:

• Knowledge: Classes in cooking, a foreign language, ceramics or anything else that a loved one has expressed interest in could say more than a(nother) new tie.
• Time: We all know busy people. Consider offering to help ease someone’s load by giving a coupon for babysitting, a spa day, a “sisters night,” or even a few batches of laundry. Gifts like this are often great for kids to give, too, because they can be free!
• Memories: Putting together a scrapbook of a specific time (like a vacation) or of someone’s life can be a fun experience for everyone. And older recipients, especially, may appreciate a chance to have their favorite photos arranged in an easy-to-show-off format.

Remember: Focus on Them!

No matter how you celebrate the holidays, remember to focus on what will make your loved ones happy – not what you think should make them happy!

Give yourself the gift of a debt-free life. Get answers on how bankruptcy can help you get control.

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