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Retirees tend to have a lot of time on their hands, since they are no longer working full time. However, like everyone else, the holiday season tends to be jam packed, and often, they can find themselves in a bind, shopping last minute for gifts.

Additionally, while many retirees may be very accustomed to managing their finances, shifting into retirement presents major changes to key budgeting elements, such as the type of income they receive and what they’re spending money on, especially around the holidays.

John Thompson, the leader of product management for financial services at H&R Block, pointed out that, knowing there may not be a lot of flexibility in how retirees can generate income, “monitoring spending takes on even greater importance to help not only manage rising prices but also to help save for bigger purchases vs. taking on debt.”

The holidays are here, so here are five tips retirees can use for last minute shopping, from gifts to your Christmas feast.

Utilize Senior Discounts

You’ve reached the age where you can cash in on some deals and discounts, so why not use them to your advantage?

“Retirees can save money during last-minute holiday shopping by taking advantage of senior discounts offered by many retailers,” said Chris White, the managing partner at WealthVisory, noting that stores — both online and in-person — often provide exclusive deals for seniors on specific days of the week or during holiday sales.

“One of the perks of being a retiree is that you likely have a plethora of senior discounts you can take advantage of at various retail stores, grocery stores and restaurants to help you save money,” added Tom Holtam, senior vice president for UMB Bank. “These discounts can range from 5%-25% off, with some happening on certain days or with specific products.”

Cash In Your Cash-Back Rewards

All year long, you’ve spent money using your credit card, debit card and money apps, many of which have accumulated rewards in the process. If you are in a bind for some extra dough to spend on gifts, now is the time to cash in those rewards.

Holtman added, “If you are a part of any retail loyalty programs, be sure to check to see if you are entitled to any store cash or coupons that could go towards your gift purchases.”

Seek Out Price Matching

Retirees can also look for price-matching opportunities, according to White. It might take a little extra time to compare different stores and pricing, but in the long run, it could save you money.

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“Many retailers will honor competitors’ prices, even during the holiday rush,” he said. “This can save both time and money while ensuring you get the best deal.”

Shop at Big Retailers and in Person

While shopping online can be a fun experience, you have to wait for shipping and possibly pay overpriced delivery fees. Shopping locally in boutique stores can help support business in your area, though they tend to have more expensive price tags.

“Shopping at warehouse clubs like Costco or Sam’s Club for bulk gifts or wrapping supplies can also save you money,” White said.

Make Your Own Gifts

White said retirees should consider giving personalized, lower-cost gifts, like baked goods, homemade crafts or photo albums, which are often more meaningful and budget-friendly than store-bought items.

“Planning ahead, even in the final days, can turn last-minute shopping into an opportunity for smart, thoughtful giving,” White added.

“In order to avoid overspending and the post-holiday debt blues, be sure to check in with your family or friends to gauge which gifts they really want and how these fit into your shopping budget,” Holtman said. “You can then build an accurate holiday shopping list that won’t stretch your wallet.”