According to a 2011 Business Insider report, Americans spent around $708 on Christmas gifts.Log In I am sure the dollar amount is higher, two-years later. If you are like me, you don't want to spend this much money. How do you save money on this holiday? My biggest money-saving tip is to patronize discount stores for stocking stuffers. Set a price of $5 or under for each item. A friend of mine saves money by shopping the day after Christmas.