12 Free and Low-Cost Christmas Gifts That You Can Make Yourself

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 and 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.

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.

Here's another reason to hang on to those old sweaters: sweater mittens. You can stitch up a pair in 15 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.

Collect pine cones from around your neighborhood. Then, use them to make pine cone fire starters for your friends and family.

Impress your friends and family with bottles of homemade hand soap:

• Liquid Hand Soap Recipe
• Foaming Hand Soap Recipe

Laundry soap is really easy to make, but you'd never guess it if you saw how much it sells for at craft shows. Make up a bunch, and give it to everyone on your gift list.

Gather up all those special family recipes, and make them into a one-of-a-kind cookbook. Be sure to include any special stories/memories that you associate with the recipes.