There is no doubt about it, Christmas can be an expensive time of year. I quite often start thinking I won’t spend a lot and will rein it in but no matter what I do, I end up spending! I now have three kids and of course the best part of Christmas for them is presents. This was always the best part of Christmas for me as a kid! If you stay at home or host, there is all the food and drink. Not forgetting Christmas parties and treating yourself to a nice outfit or two for the festive period. At this time of year Christmas money saving tips can be a godsend.
I have a few tricks up my sleeve for saving a bit of cash leading up to Christmas and here they are:
– Speak to family members and either agree to not buy for each other or do a Secret Santa. Sometimes you feel such an immense pressure to buy for each other and quite often, you don’t even know what you want. Last year my brother and I only bought for each other’s children and not for each other and this did save a lot.
– Don’t bother with cards. I stopped doing this a while back and although part of me feels a little sad, I tend to just do for the neighbours and family. Most other people where I have to post them, I don’t. It is so expensive now, so this saves some money.
– Save any points or vouchers. When I was younger my Mum used to save all her Clubcard vouchers at Tesco and this took loads off the Christmas shop! Think she also liked that I worked there and got her 10% off too, so even more saved!
– Set a budget for presents and stick to it. This can be hard but if you keep that figure in mind, shop around, check out any Black Friday deals, you will be able to stick to it.
– Try not to over buy food and drinks. Really think about the days, number of meals and who you are cooking for. This could also be really helpful if trying to not over indulge!! Not everyone wants to eat too much.
– If really struggling consider Christmas loans. Just ensure you will be able to save up and pay this back sensibly, without any worries.
– Consider making Christmas crackers and some decorations. Invest in a reusable advent calendar. This is not only a way to save money but is better for the environment.
The infographic below from Morses Club shows results from a survey looking at people’s saving habits around Christmas. An interesting read, all about budgeting and how people try and save a little money.
Try to think a little frugally over Christmas and it will really help with the money in your pocket in January!
Disclosure – this is a sponsored post. Morses Club has a Representative 466.37% APR.