Do you get to December every year and worry about how you’ll find the money for the festive season? One of the best things to do is prepare for the annual event that is Christmas. How can you save money for Christmas throughout the year? Let’s take a look.
Plan Throughout The Year
Are you able to change your ways and think about Christmas as an event that you can plan for throughout the year? Let’s say you usually spend £500 on Christmas. It’s not easy to suddenly pull that amount of cash out of thin air at the beginning of December. Rather than trying to do that, are you able to put a little bit away every week or month for Christmas? That way you can save money for Christmas, an event you know is going to come around every year. This will remove that usual start of December finance stress.
Make A Budget & Stick To It
If you know how much you usually spend, make a budget and stick to it. When you save money for Christmas, you can give yourself a goal that you are happy to spend during the festive season. This might include gifts, food, decorations, charitable giving and postage for Christmas cards. When you write down a budget you are accountable to that. The thought of those figure on a notepad will come into your mind when you’re about to buy something you may not need. Strive hard to stay within the budget and find ways to cut down that budget too. Next year you might decide to save and spend less!
Buy Gifts At They Best Price
If you can save money for Christmas throughout the year you can buy gifts you know you need, when you see them at the best price. The money is there that you’ve been putting away for the last few months. Dip into it and make a note of what you’ve spent and on what. You don’t want to come to the end of November and forget that you’ve stored away some gifts in the loft! Use online tools such as CamelCamelCamel to set up alerts of price drops.
Homemade, Handmade & Gifts Of Time
Instead of spending money, why not get creative with your gifting. Save money on Christmas by hand-making presents or creating vouchers for gifts of time. Use your talents to conjure up amazing things for loved ones or simply write them a note saying you’ll treat them to coffee and cake in the new year. Sometimes spending time together is more important than the latest fad gift.
Send e-cards to avoid paying for stamps, print out a family photo and frame it, only buy what you need from the supermarkets rather than overloading your trolley. There are lots of ways to save money for Christmas and also cut back what you actually spend. You might even save more than you spend so you can use the extra for the ‘long’ month of January. Happy festive saving!