Free and Low-Cost Christmas Gifts

Have jeans that are too holey to wear? Don't toss them! Instead, turn them into a denim pocket quilt for a lucky someone on your Christmas list. You can whip one up in a weekend for the cost of a bit of thread.

Put that fabric stash to good use by creating rag wreaths for several of the people on your list. Fifteen minutes of your time is all it takes to make this free, but fabulous gift.

Have a seldom-worn sweater in the back of your closet? Transform it into a stylish tote bag. Then, stuff it with a loaf of homemade bread or another culinary treat for a can't-miss gift.

A wreath made entirely of wine corks is sure to please even the pickiest of people, and costs less than $2 to make. How's that for a bargain?

Skip the store-bought candles and create your own jar candles for a fraction of the cost. You can knock out everyone on your list in one afternoon!

If you're looking for a gift with wow-factor, the bundt cake candle is it. Grab an old bundt pan and some wax, and melt your way to the perfect gift with the equally perfect price tag – about $5 from start to finish.

Homemade soap is cheap and easy to make – and when it's shaped like a popsicle, it's just plain fun. Surprise your friends and family with this calorie-free treat, and you're sure to earn a few smiles.

Make up a batch of chocolate spoons, and give a gourmet gift without the gourmet price. Yum!

Here's another reason to hang on to those old sweaters: sweater mittens. You can stitch up a pair in fifteen minutes or less – and there's no knitting involved.

Turn spare buttons into snazzy button magnets with just a bit of glue and a few minutes of time.

Turn the leg of an old pair of jeans into a stylish yoga bag for the exercise junkie on your list.

Reusable shopping totes are a great gift, and they couldn't be easier to make. You can whip up a set out of old t-shirts in minutes.