Save Money This Holiday (While Creating a Closer Family)
Your greatest gift could be the least expensive one. This holiday season, here are seven ways to turn your focus away from giving the "perfect" gifts to making lasting memories instead.

By about mid-December, after I’ve spent months listening to Christmas songs blasted in stores and shopping sales for that “perfect gift,” I tend to get a little jaded. Is the holiday season only good for retailers? Seriously, does my father really need another gift certificate? (He still hasn’t used the one I gave him two years ago!)
And then I think about which holiday happenings over the years have meant the most to me: there’s the cards from my brother (where he draws a funny cartoon and writes something insane that always makes me laugh); the time when I was little that I thought I saw Rudolph fly over our roof (it was a plane with a red light); waiting every year for my dad to set up his video camera before we could open presents; singing songs around the tree with my grandparents and cousins; listening to my grandfather share his stories about the war; my mother reading us children’s books on Christmas Day.
Sure, I’ve gotten some cool presents over the years. But the point is that what matters — what really stands out in my memory — are moments of emotional meaning. They’re the moments when I laughed with my family or complained with my brother about my dad taking forever to set up his camera or felt awkward standing up in front of my cousins and reading a poem for our annual family talent show.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Why The Greatest Gifts Are Meaningful Moments
I’m not suggesting that you forgo gift giving (unless you’d like to instigate a riot in your home). But I am suggesting that you could make your holidays much more meaningful with a little foresight.
In his book The Relationship Cure, Dr. John Gottman writes about a dinner conversation he had with a psychologist friend. He writes, “Ross explained to me that he had come to think of his life as a string of pearls in which each pearl was a moment just like the one we were having — where we felt totally present and were connecting with each other on a deep meaningful level. He said he had made a conscious effort to collect moments like these.”
When you think of your holiday moments as pearls that you are stringing together, you become more aware of the significance of each emotional moment. Those moments become an opportunity to bond with your loved ones. It’s only in being present and truly paying attention that we capture the magic of life. As you hang ornaments on the tree or make your famous hot wassail, pay attention to what your family members are saying, study their facial expressions, notice their gestures. When you observe their expressions of contempt, happiness, sadness, fear or boredom, your acknowledgement of it and attempt to understand will lead to deeper, more meaningful moments.
Being with family is a funny thing: One moment you love them intensively, the next, you want to run out of the room screaming. This is why it can be frustrating to make everyone happy with traditions; no matter what, someone’s going to roll their eyes. But these joyful, silly or awkward moments are the pearls that make your holidays magical.
Top 7 Ideas to Bring More Meaning to Your Holidays
1. Tell Family Stories
Make this fun and informal. You can go around the dinner table and have each person tell what they are grateful for or relay a favorite family memory. If you have an especially resistant crowd, start with topics that are silly and playful, like “What was the worst holiday gift you ever received?” or “What’s your most hated holiday food?” The idea is not to emphasize the negative, but if your family is not the “Hallmark type” and you want to get them involved, this can get the conversation started in a light way.
2. Create a Family Holiday Objective
For example, “This year, we are going to focus on giving to others. For each of the 12 days of Christmas, we’re going to do something nice for someone and then report back to the family at dinnertime about the results.”
3. Start Activities with a Meaningful Question
Before you go out to pick a Christmas tree or light the menorah, tell your family, “At the end of the night, we’re each going to share our most meaningful moment of the day. So, be thinking about it!”
4. Archive Your Most-Important Memories
Have members of your family write out their top three greatest memories of the year. (In a Word doc, online or handwritten.) Take it a step further by creating a book with these memories.
5. Emphasize Traditions
Does your family have a turkey dinner every year or make Grandma’s delicious orange rolls? Make sure to create consistency with your traditions. Your kids will remember this and do it in their own homes.
6. Make Gifts Matter
Think about each family member’s personality. What colors do they like? What foods? What weird quirks make up their preferences? Think about how to make your gifts special by customizing it to the person. That thoughtful penguin charm that only cost you $20 could be much more meaningful to your penguin-loving daughter than an iPhone.
7. Create One-On-One Moments
When you see your daughter struggling to put together her new LEGO train, sit down with her and work on it together. Take your son out for a special shopping trip without the other kids. Make each member of your family feel recognized and acknowledged.
Making Magic
It’s so easy to get caught up in the frenzy of the holidays — shopping malls, online stores, cooking, cleaning, stressing over bills. Don’t forget about the magic.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Laura A. Roser is the founder and CEO of Paragon Road, the leading authority in meaning legacy planning (passing on non-financial assets, such as values, wisdom and beliefs). For more information about legacy planning, visit www.paragonroad.com.
-
Stock Market Today: Have We Seen the Bottom for Stocks?
Solid first-quarter earnings suggest fundamentals remain solid, and recent price action is encouraging too.
By David Dittman
-
Is the GOP Secretly Planning to Raise Taxes on the Rich?
Tax Reform As high-stakes tax reform talks resume on Capitol Hill, questions are swirling about what Republicans and President Trump will do.
By Kelley R. Taylor
-
Social Security Is Taxable, But There Are Workarounds
If you're strategic about your retirement account withdrawals, you can potentially minimize the taxes you'll pay on your Social Security benefits.
By Todd Talbot, CFP®, NSSA, CTS™
-
Serious Medical Diagnosis? Four Financial Steps to Take
A serious medical diagnosis calls for updates of your financial, health care and estate plans as well as open conversations with those who'll fulfill your wishes.
By Thomas C. West, CLU®, ChFC®, AIF®
-
To Stay on Track for Retirement, Consider Doing This
Writing down your retirement and income plan in an investment policy statement can help you resist letting a bear market upend your retirement.
By Matt Green, Investment Adviser Representative
-
How to Make Changing Interest Rates Work for Your Retirement
Higher (or lower) rates can be painful in some ways and helpful in others. The key is being prepared to take advantage of the situation.
By Phil Cooper
-
Within Five Years of Retirement? Five Things to Do Now
If you're retiring in the next five years, your to-do list should contain some financial planning and, according to current retirees, a few life goals, too.
By Evan T. Beach, CFP®, AWMA®
-
The Home Stretch: Seven Essential Steps for Pre-Retirees
The decade before retirement is the home stretch in the race to quit work — but there are crucial financial decisions to make before you reach the finish line.
By Mike Dullaghan, AIF®
-
Three Options for Retirees With Concentrated Stock Positions
If a significant chunk of your portfolio is tied up in a single stock, you'll need to make sure it won't disrupt your retirement and legacy goals. Here's how.
By Evan T. Beach, CFP®, AWMA®
-
Four Reasons It May Be Time to Shop for New Insurance
You may be unhappy with your insurance for any number of reasons, so once you've decided to shop, what is appropriate (or inappropriate) timing?
By Karl Susman, CPCU, LUTCF, CIC, CSFP, CFS, CPIA, AAI-M, PLCS