How to Save $1000 for Christmas (Starting Now)

No matter how you spin it, for most people Christmas is the most expensive time of year.

Sure, it’s also the most magical (unless you’re facing the prospect of having to explain to your kids why Santa didn’t leave presents under the tree this year…)

Yes, there are plenty of low-cost gift ideas and frugal ways to host Christmas. But wouldn’t the holiday season be a bit easier (and much less stressful) if you could figure out how to save $1000 for Christmas this year?

How to Save $1000 For Christmas

Unless you’re Jeff Bezos, $1000 is a good chunk of money and it’s unlikely to materialize out of nowhere.

That means it’s going to take some work and dedication to save $1000 for Christmas. I know you can do it – I’ve done it every year since 2011, the year I got married.

But the best part about this is the feeling of accomplishment when you’ve reached your goal, along with awesome feeling of a Christmas free from financial stress.


There’s a reason I put Rakuten as the first item on this list of how to save $1000 for Christmas – I’m a huge fan. If you shop online and aren’t using Rakuten, then you’re missing out on money.

Rakuten is a free site where you can earn cash back for your online shopping. To earn cash back, all you do is go to the Rakuten website and log in. Then find the online retailer you plan to shop at and click on the link to their website.

Rakuten will track your spending and give you a percentage of cash back. I’ve earned over $1,100 in cash back from Rakuten – I use it every time I shop online.

Once per quarter, Rakuten pays you a “Big Fat Check” (that’s what they call it, but you can get paid directly to your PayPal account.)

Click here to join Rakuten and you’ll get a bonus $30!


Look, I’ll be honest. You’re not going to make life-changing money with Swagbucks and it’s definitely not going to provide you with a full-time income.

But that’s not what we’re looking for right now – we’re looking for how to save $1000 for Christmas and joining Swagbucks can help you achieve that.

When I first got married, I was constantly looking for ways to make some extra money. It didn’t matter if it wasn’t going to make me rich – just something to give us a little extra breathing room.

That’s when I discovered Swagbucks, and I’ve been a member ever since. I like to save up all my Swagbucks earnings, cash them out at the end of the year and use the money to pay for my son’s Christmas presents!

Here’s how Swagbucks works – you basically earn money for completing simple tasks. Think: answering surveys, taking polls, watching videos, using the Swagbucks search engine.

Like I said, you won’t earn a ton of money but it’s a nice little side hustle and it’s a lot of fun when you cash out. Click here to join Swagbucks (it’s free.)


If you have unused or unwanted Amazon devices like a Kindle, Echo, Fire Stick etc., or video games, consider trading them for Amazon gift cards using Amazon’s Trade In Program.

The gift card amount varies depending on the product and it’s condition, but just to give you an example, I recently traded in my husbands old 2011 Kindle Graphite Wifi and received a $15 Amazon gift card. Not bad for something that was sitting in his bedside table collecting dust.


Cutting your cable will help you save a ton of money and will go a long way towards helping you reach your $1000 for Christmas savings goal.

I cut my cable about 4 years ago – at first I was worried I’d miss out on all my favorite shows. However, I did a lot of research and figured out how to get access to everything I enjoyed watching without paying exorbitant cable bills.

Here’s what to do:

That’s it. Philo costs $20/month and Netflix basic plan is $8.99, which brings your monthly total to less than $30. Considering that the average cable bill is $217.42/month, it would take you less than 6 months to save $1000 by switching to a Firestick and the Philo app.


The easiest thing you can do to help you save $1000 for Christmas is to start a change jar. (And once you realize how easy and fun it is, you’ll probably keep it year round.)

It doesn’t have to be anything fancy – I just use an empty mason jar that I’ve drawn cute Christmas decorations on with a Sharpie.

It’s as simple as this – every time you get home, empty the change from your wallet and pockets into your change jar. If you have a partner, get them to do it too.

Make sure you put every denomination in your coin jar – even those pennies add up!


Americans spend an average of $182.98/month on impulse shopping. Multiply that by 12 and you’re looking at over $2100/year on stuff you probably don’t actually need (or even truly want.)

Stop impulse shopping for just 6 months and you’ve got an extra $1000 for Christmas.


As you can see, through a combination of making extra money and saving, it’s definitely possible to save $1000 for Christmas. In fact, there are several items on this list can help you reach your $1000 goal alone, without doing anything else! But why not do them all and blow your goal out of the water?

How to Save $1000 for Christmas (Starting Now)