Money saving tips for the run-up to Christmas
Did you know that there are only four more paydays before Christmas?
It may feel like a lifetime away but we have no doubt that the festive season will come around quickly.
But don’t panic! We have put together some useful advice for budgeting over the next few months so that you can have the very best Christmas in 2023.
Create a budget
Set a clear budget for your holiday spending, including gifts, decorations, food, and any other expenses. Stick to it and avoid overspending so that you don’t end up in financial difficulty.
Start early
Begin your holiday shopping well in advance if you want to reduce stress and also save money along the way. It also means that you can take advantage of sales, discounts and avoid the last-minute rush.
Write a gift list
Make a list of people you need to buy gifts for and note down thoughtful, budget-friendly gift ideas for each recipient depending on their likes and interests.
Consider DIY gifts
Handmade gifts can be more meaningful and cost-effective than store-bought ones. Alternatively, if you do want to buy from a company, try independent businesses that are most in need of your support.
Shop the sales
Keep an eye out for Black Friday, Cyber Monday and other holiday sales to snag gifts and items at reduced prices. But remember, if you have someone that changes their mind regularly on what they want, it may be best to leave them until nearer the time to avoid disappointment.
Use coupons & cashback
Utilise cashback apps and websites, as well as coupons and discount codes, to save money on your purchases.
Comparison shop
Don't buy the first thing you see! Instead, compare prices online and in different stores to find the very best deals.
Limit your number of gifts
Consider doing a Secret Santa gift exchange instead of buying gifts for every family member, colleague or friend. This is also something a little bit different and extremely fun!
Shop online
Online retailers tend to have lower prices and more deals than brick-and-mortar stores. Just make sure to account for shipping costs and delivery times.
Cook at home
Instead of dining out, prepare holiday meals and treats at home. This can save a significant amount of money compared to restaurant prices.
Check out free activities
Look for free or low-cost holiday activities in your area, such as local parades, tree lighting ceremonies or community events.
Limit travel expenses
If you're travelling for the holidays, try to find budget-friendly transportation options and accommodations. Consider carpooling, investing in a railcard and booking your travel months in advance, to help you save.
Avoid impulse buying
Stick to your list and avoid making impulse purchases that can quickly add up into a large, overlooked sum.
Save on wrapping
Get creative with wrapping by using recycled materials, newspaper, or simple brown paper. Skip expensive wrapping paper and fancy ribbons.
Stay mindful
Remember that the holiday season is about spending quality time with loved ones and expressing gratitude, rather than solely focusing on material gifts. No matter how big or small gifts are, there will always be appreciated by your loved ones.
By being conservative with your spending, saving where possible and making sensible choices, you can enjoy a festive holiday season without breaking the bank.