Wish you had more money in your emergency fund? Well, now's the time to do something about it. Pop on over to the Frugal Living forum and join our Emergency Fund Challenge. The rules are pretty simple:

1. Come up with ways to put more money in your emergency fund.

2. Put your ideas to work.

3. Then, jump onto the forum and share your savings successes.

Are you in?

Join Now!

Here's a wow-worthy gift idea that won't break the bank: reusable shopping totes made out of t-shirts. Give five or six to someone as a gift or use them in place of gift bags. Either way, they're sure to be a hit.

• How to Turn T-Shirts into Tote Bags

Related Reading:

• Make a Sweater Bag
• Make Sweater Mittens
• Turn Old Jeans into a Skirt

Photo © Erin Huffstetler

Keep your gift wrap costs down this year by making your own gift boxes out of empty cereal boxes. Once assembled they look just like store-bought shirt boxes:

• How to Make Your Own Gift Boxes

Photo © Erin Huffstetler

If you like a good ham bargain, now's the time to call or stop by your local HoneyBaked Ham store.

They typically offer a buy one get one free deal on their ham bones after the holidays as a way to unload their inventory. So, for $5.99 plus tax you can get two ham bones with a full two to three pounds of meat on each. Now that's a freezer-worthy deal.

Mark your calendars: HoneyBaked usually offers the same deal after Christmas

Related Reading:

• Ways to Save Money on Meat

Photo © Flickr user Photo_Mojo