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7 Easy Ways to Save on Your Holiday Shopping

taylor shuman Taylor Shuman Senior Tech Expert & Editor is compensated when you click on the provider links listed on this page. This compensation does not impact our ratings or reviews. Read our Editorial Guidelines here to learn more about our review process and to learn more about how we are compensated.

While the holiday season is considered the most wonderful time of the year, our wallets tend to think otherwise. The National Retail Federation (NRF) reported that 2023 holiday sales increased by 3.8 percent over 2022, which translates to a record $964.4 billion in sales.1

Being budget-friendly during the season of gift-giving is crucial for many older Americans who live on fixed incomes. Whether you are a super-sale sleuth or new to shopping on a dime, we’ve put together a list of ways you can save on your holiday shopping.

No need to wait until the holidays roll around to get started. It’s never too early to start saving and prepping!

1. Check Your Memberships

Amazon Prime box

Saving money on holiday shopping can be as easy as checking your current club memberships at your favorite stores. If you or a loved one has a membership to Amazon Prime, Costco, or Target Circle, double-check for any holiday deals that general shoppers don’t have access to. Drugstores like CVS also offer loyalty cards that provide savings on products throughout the store. These loyalty cards are often free!

Tool Tip:

Tool Tip: Check out our senior finance hub for some additional tips on budgeting to help you save more this holiday season.

2. Black Friday and Cyber Monday Sales

Two ladies shopping

While this may be obvious, Black Friday and Cyber Monday are quintessential to add to our list of holiday saving hacks. Many retailers offer Black Friday flash sales, which include a wide array of products that are seriously discounted for a short time. However, some older adults may not be as keen to deal with large crowds in malls during Black Friday; Cyber Monday is an excellent alternative for consumers to shop sales directly from their computers, iPhones, or Android phones.

Tool Tip:

Tool Tip: Have hearing loss and need a hearing aid upgrade? Check out our list of Black Friday hearing aid deals.

3. Don’t Buy Everything All at Once

A couple planning with paper and pen

Many older adults who are eager to get their holiday shopping finished do all their shopping at once. However, this can result in spending more money than necessary. Many retailers will offer their deals at different times throughout the year, so shopping when those deals are active is a strategic way to save.

4. Price Match

A man holding a credit card over a payment machine

Many major retailers such as Target, Walmart, and Best Buy may price match their competitors if consumers present them with a lower price from another retailer. If you have a favorite store, show the cashier proof of lower pricing from another retailer, such as a printed or digital ad, and they may honor the lower price.

From the Pros:

From the Pros: Check out AARP’s interview with some of the country’s best discount shoppers to get the inside scoop on their best tricks and tips for bargain shopping.

5. Set a Budget

A woman budgeting

While this may be a no-brainer, it still deserves a place on our list. Without a budget or plan in place, it can be easy to overspend while caught in the moment. Setting a clear budget before you begin your holiday shopping can help you (and your wallet) stay on track. Begin with a grand total that is feasible, and make a list of family and friends you plan on shopping for. This way, you can allocate your funds appropriately based on your set budget without getting overwhelmed or financially strapped.

6. Shop Early

A woman holding gifts

While holiday shopping can seem daunting and some prices may not drop until Black Friday or Cyber Monday, getting an early start can actually save you money, according to AARP.2 This tactic can help folks avoid overspending, prevent last-minute impulse buys, and alleviate worrying about gifts not arriving on time due to supply chain issues.

7. Senior Discounts

A couple holding hands on a street

Check to see if your favorite stores provide discounts for seniors. For example, Joann Fabrics offers a senior discount day when those ages 55 and older can get 20 percent off their total purchase by showing a valid driver’s license. Kohl’s also offers an in-store 15 percent senior discount every Wednesday for those ages 60 and up. Let’s say you need some holiday decor to spruce up the house. Rite Aid provides a Wellness65+ membership for individuals ages 65 and older, which gives shoppers 20 percent off nonprescription purchases on every first Wednesday of the month.

Money-Saving Tip:

Money-Saving Tip: For other discount opportunities, be sure to check out our senior discounts guide.

Final Thoughts

The holiday season is a great time to be with family and friends, but it can be expensive and stressful. Whether you are shopping for many or a few, taking advantage of these tips and tricks can help you save substantially while still staying on top of the gift-giving game.

Written By:
Taylor Shuman
Senior Tech Expert & Editor
Read About Our Panel of Experts
As’s tech expert and editor, Taylor has years of experience reviewing products and services for seniors. She is passionate about breaking down stigmas related to seniors and technology. She loves finding innovative ways to teach seniors about products and… Learn More About Taylor Shuman