The best thing to add to your Christmas tree's water is a preservative solution. You can purchase a special Christmas tree preservative from a local garden store or online, or you can make your own solution using common household ingredients. Common preservative solutions include a mixture of water, sugar, and bleach or a mixture of water, sugar, and lemon-lime soda. Regardless of which solution you use, be sure to follow the instructions carefully and make sure to change the solution every few days to keep the tree water fresh and healthy.