Saving Money on Mother’s Day Gifts
Mother’s Day is May 8th, and retailers are gearing up to entice people to the stores to buy for mom. Depending on your budget, you might find fitting mom into your monthly expenses a little tough.
The average gift for mom is $127, and if you haven’t planned on the expense, you might be tempted pull out the credit cards. Your mom would probably be the last person to encourage you to get into debt for her sake. Instead get creative and use a little frugal know-how.
According to a popular retail survey, here are the most common gifts that people buying for mom and ways to save:
- Greeting Cards (81.5%) – Instead of spending $3 or more on a card, consider sending an ecard or printing homemade card off your computer. If you have young kids, let them make their own cards. Moms love getting personalized, unique cards from their kids.
- Flowers (65.2%) – Right now, most florists are running specials on their Mother’s Day flowers, so you should be able to find a few coupons. Instead of choosing roses, orchids or other expensive flowers, send carnations, tulips or daisies. These flowers tend to cost less. Also, retailers will try to get you to buy a vase, candy or other items to increase the cost of the order. Just sending the flowers without the vase can save you money.
- Special Outing (51.8%) – Many families take mom out on Mother’s Day. Instead of spending your money at a restaurant, jump in the kitchen and fix your mom a home cooked meal. If you must eat out, try getting a deal through Groupon or LivingSocial. Just make sure that the restaurant deal you get doesn’t have black out days.
- Clothing or Clothing Accessories (28.4%) – Many retail stores are having Spring sales right now. Sign up for a few email newsletters or start following the brands she likes on Twitter or Facebook. Sometimes retailers offer specific discounts through social media.
- Jewelry (26.4%) – First, don’t purchase your mom’s jewelry at full price. There are many sites like Amazon.com and Overstock.com that offer great deals on inexpensive jewelry. If your mom is into vintage jewelry, take a moment to visit a few consignment shops and find a reasonably priced mother’s day gift.
If you’re not sure what to buy, you can always go with gift cards or certificates. Just make sure that you review any gift card fees or special limitations. Do you have any tips for saving on Mother’s Day gifts? Add them to the comments below.
About the Author
The following post is from Kathryn Katz, a Certified Personal Finance Counselor who works for Consolidated Credit in Ft. Lauderdale, Florida. Their credit counseling agency helps families through financial crisis using credit counseling, debt consolidation and financial education.