With the Christmas season slowly approaching, it’s time to start thinking of Christmas presents, and how exactly you’re going to afford them. Below are some tips and tricks on how to save for the Christmas period.
Spend a little, save a little
It’s an old trick, but a good one nonetheless. In the build up to Christmas, make sure you’re stockpiling money where you can. Small amounts of change really add up, and you never know, you might need to buy something last minute that the money can go towards.
Finance
Finance is a great option if you’re thinking of spending big money this year. Accounts like Very offer a no interest take three account, which means you split the cost of an expensive item over three months. So whether you’re splashing the cash on an engagement ring or something amazing in their tech section, you’ll actually be able to afford other gifts!
Plan in advance
This plan is great if you find yourself skint and stumped for gifts this year. Planning gifts for everyone means you have an idea of a price point, and means you won’t be caught with empty pockets this December.
Shop for deals
It might seem obvious, but shopping for the best deals is the easiest way to save the pennies. Always shop around, and make sure you check online as well as in store
Set spending goals
One way to save on overspending this year is to ensure you set spending goals. This is great if you easily go overboard with gift giving!
Don’t get caught out
Sometimes you can get caught out in Winter with hidden bills, tax, and other things such as fines. During the Christmas period, more drivers are caught driving dangerously on the roads. If you need to, contact the DVLA customer services department as you may be able to dispute a fine against you.
Guest post by Gina Kay Daniel
How will you save this Christmas? Do you have any super saving techniques to share?
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Thank you for sharing this as this is very good information!
I thing it depends on each person’s motivation to spend money.
The desire to buy because of “wants” is different from being “in need”.
I shop throughout the year, have a stash box and surprise myself at the end of the year… Helps me not impulse buy.
I usually buy gifts to put up for friends or family members throughout the year which makes both Christmas and birthday present shopping easier. Sticking to a budget is very important as it’s so easy to go overboard.
I do tend to go a bit OTT with presents sometimes though – I just love treating people!
That’s definitely me – my dad tells me off for it every year.
Another great trick is to make Christmas presents for people, utilizing your natural talents. Are you a whiz in the kitchen? Bake a nice stockpile of someone’s favourite treat? Or get a wine kit and give a nice bottle of your own homemade wine with a nice wineglass. So many options limited only by your creativity.
Wow those are great tips! I really like the financing it tip, might have to try that for a ring😜 Which tip would you recommend the most? We actually just put out a post on Christmas as well and I’d love your thoughts: https://theagapecompany.com/perfect-gifts-for-travelers-gift-ideas/
Save for Christmas all year long by setting up a Christmas account. Don’t buy things you can’t afford.
Great idea!
Such good tips and at the right time of year too. I’m planning my christmas gifts now (and putting my own wishlist together) it’s always great to have a reminder.
These are brilliant ideas for saving money! I always go a bit over the top with buying expensive things at Christmas, especially considering I don’t have many people to buy for. This year I’m going to concentrate on buying from small businesses instead of getting people things that are predictable.
Small businesses are always a great option!
I start early! I try to buy as much as I can in sales, and save up throughout the year so I have extra money.
Cora | http://www.teapartyprincess.co.uk/
That sounds like a good plan!
This is really helpful! Good thing in my country (The Philippines) all the stores from small time to big time shopping malls are on sale during Christmas season and when I say Christmas season, people can enjoy going shopping as early September. I roam around the malls now and most of them are on 50% off already. Can’t wait for their 75% to buy all the gifts for my fam and friends xx
Wow that’s amazing!
Yes it is! I was thinking earlier to buy some stuff to avoid spending huge in December so your suggestions are great x
Also, start buying early. I pick up small gifts here and there so I have leas shopping to do in December.
Good shout!
these are awesome tips!I love the idea of setting spending goals.It sounds really helpful.cant wait to try these this Christmas!
I think that’d be really helpful too 🙂
Nice lists of things to do. Budget first and then look for the deals.
Yep! That’s a sensible way to do it 😉
Great ideas!! I find what’s best for me is to make a list of people to buy for and what to buy them then stick to it 🙂
Brianna | https://briannamarielifestyle.com
I tend to do that too!
I don’t celebrate Christmas so I feel kind of lucky that I don’t get caught up in all the consumer and commercial nature of having to buy things for other people. It sounds very stressful – whatever happened to just spending time with family and being grateful that you’re all together and warm and healthy? I kind of thought that was the essence of a lot of holidays…
But maybe I’m a little old-fashioned that way. 🙂
It is about spending time with family but a few presents to add in to the day definitely doesn’t hurt 🙂
These are some great tips! This is the first Christmas since I started working for myself, so as you can imagine, things are super tight. I’ve also got a pretty substantial debt to pay off after Christmas after my laptop broke a few weeks into freelancing, so I really do myself no favours! One thing I’ve done is started saving up cash I haven’t used, including 80% of my birthday money, in one of those tins you can only open once. I’ve been super strict with my money and what I’ve decided to put in the pot, but it’ll pay off when I open it in the next couple of months. Another tip I’d say is to remember it’s about the quality of the gift and the thought that goes into it over the money. If you don’t have much, buy something that reminds you of your friend/family member, perhaps something around an inside joke the two of you share. I’m sure they’ll appreciate it because you’ve thought lots about it!
Rebekah Gillian | https://rebekahgillian.co.uk
Great tips! Christmas and birthdays when you’re self employed can be really difficult!
Thanks for the tips.
This year me and my family have actually said we’ll do ‘proper’ presents after christmas because of the sales on boxing day and in the new year. Last year I found some of the things I got soo much cheaper afterwards.
That’s a great option to save money! It doesn’t really matter if you get your present on Christmas Day or the day after does it? 🙂
These are so important! I know I’m on a spending ban at the minute to save for Christmas as I need to start
Christmas can be so difficult with money but a spending ban is a good place to start 🙂