Yes, it's possible to decorate an elegant Christmas tree on a budget. Some of the most beautiful Christmas decorations are also the most expensive, but if you use these expensive ornaments as inspiration, you can make your own luxurious, yet affordable Christmas ornaments for your tree. Pay attention to which types of Christmas decorations catch your eye and what about them is attractive to you so that you can create a gorgeous Christmas tree.

Color schemes are a good place to start. Usually two colors such as gold and red or silver and blue create an elegant look. You can also use different shades of the same two colors for a richly layered look. Check out craft stores, dollar stores and second hand stores to find some items in these colors that look expensive but aren't such as plain silver balls. Even if they look cheap or are partially worn-looking, you can hot glue classy-looking ribbons and other trims to decorate an elegant Christmas tree on a budget.

Besides an elegant color scheme, you should also have a basic theme in mind. You could have a snow or winter wonderland look that is blue and silver with white and clear accents. Even inexpensive clear plastic icicles can decorate an elegant Christmas tree on a budget if you replace the thin cheap hangers and add thin satin ribbon in a pretty shade of blue. Or use double lengths of ribbon in both blue and silver since entire spools of ribbon can be often be found at bargain prices at dollar stores or second hand shops.

Transparent plastic balls are quite inexpensive, yet can decorate an elegant Christmas tree on a budget if you add nice ribbon hangers and fill the balls with tasteful-looking materials. Depending on your theme, you could use silk flowers or flocked doves or even add Japanese origami folded paper shapes inside the clear balls. When combining these with other ornaments on the tree, be sure to coordinate the colors carefully to avoid a tacky look.

Wired ribbon that is fairly wide and has wired edges can be made into simple bows that can really decorate an elegant Christmas tree on a budget. Large, simple bows in elegant or sparkly fabric with a few plain ornaments in one color that contrasts with the bow color can be enough to create a dramatic and expensive look to your tree. Be sure to space the bows evenly on the tree. You can use twist ties unseen on the backs of the bows to help attach them to the tree branches.