The invention discloses a low-shrinkage blended wax material and a preparation method thereof, and relates to the technical field of precision investment casting. The preparation method comprises the steps: heating and melting rosin and paraffin, adding a grain refiner, a viscosity modifier, a flexibilizer and a heat stabilizer into liquid wax, placing in a reaction kettle, and uniformly mixing to prepare the novel reusable special blended wax. The special novel blended wax has the advantages of small linear shrinkage rate, small expansion coefficient within softening temperature, low heat capacity, sufficient strength and hardness, small viscosity in a molten state, small residual ash content, low content of low-temperature volatile matters, good chemical stability, fine grain structure, repeated use and the like. The prepared special novel blended wax can meet the size precision requirements and surface quality requirements of various complex precision castings and has wide market application prospects, and meanwhile, the preparation method is simple, low in cost, high in applicability, capable of being repeatedly used and capable of being used for large-scale production.