5 Ways to Celebrate and Save

1. Throw a party:

It might seem counterintuitive, but inviting a bunch of friends, acquaintances or colleagues over is the cheapest—and most fun—way to ring in the season. It’s all about the potluck, baby: tell everyone to bring an app and their favorite bottle of wine, and you’re good to go.  And, if you really want to impress, whip up a batch of festive Mulled wine (recipe below).

2. Go shopping:

According to wardrobe consultant Dale Sudakoff,  having great style doesn't mean that you need to shell out tons of cash. Try the website Shop it to Me: once you sign up for free, it proactively sends you (via email alerts) clothing that matches your size and brand preferences the second it goes on sale online.

3. Pack your lunch:

It's better for your wallet and your waistline. According to nutritionist and dietician Alexa Fishback, author of the forthcoming The Daily Fix, going grocery shopping and packing your own healthy lunch (and foregoing that Thai takeout with your co-workers) can save you hundreds of dollars a year, not to mention hundreds, or even thousands, of calories!

4. While you're at it, hoof (or bike) it:

You'll save all that gas money, make a contribution to the "green" movement, and get some exercise to boot.

5. Don't give, give back:

This holiday season, instead of showering each other with gifts—and spending tons of money in the process—why not convince your family to buy just one small gift for each person and then spend two days of the holiday week doing volunteer work? It will feed your soul while you get some QT with the family. For example, Habitat for Humanity is a great cause.