Christmas is just around the corner, so you need to start preparing for it by following our sackful of tips.
1. Don’t plan the perfect Christmas – first work out what you can afford: Before you start planning, consider this: many list every lusted for item, gifts for all and a corking meal, then only afterwards start to think about how they are actually going to pay for it all. Instead, calculate your budget, and ask: “What can I afford to spend on Christmas?” Christmas is one day – don’t ruin the whole of next year for it.
2. Agree with friends to ban unnecessary Christmas presents: Consider not giving next Christmas. We are not talking about gifts from parents or grandparents, but the ever-widening glut of friends, extended family and colleagues. Christmas isn’t a retail festival – we need to end obliged giving and think more about what we are giving, to whom and why.
If you are yelling over your wrapping paper “What about the joy of giving?”, remember gift giving creates an obligation on recipients to give back, whether they can afford it or not. For some, the gift of “not obliging you to buy for me” is actually better. Read Scrooge McLewis’s blog on banning unnecessary Christmas gifts.
3. Give charity gifts – Want to give, but don’t want to waste cash on tat? Then get yourself a weird and wonderful Charity Gift.
4. Switch bank account to get £100 + in time for Christmas – Some banks will bribe you to switch – usually between £100 and £150, but bonuses can be as much as £200. If you sign up in time for Christmas, this could be a decent boost to your budget.
5. Get a free £100 Amazon voucher in time for Christmas – Spend on a rewards card and it pays you – either in pure cashback or in points which can be converted into vouchers for shops, airlines, hotels and much more.
So, that was our blog on a few good ways you can save your money over the course of the Christmas period.