Christmas is a wonderful time of the year – frosty mornings, mince pies, mulled wine – there’s a lot to love. There’s also a lot to worry about for many people, especially if you’re on a low income and Christmas puts a strain on your family finances. If you find yourself thinking more about Christmas loans (Representative 466.37% APR) than Christmas cakes then I’ve got four top tips to help you save a bit of money this Christmas.
Go for a homemade Christmas
It’s a cliche because it’s true, homemade gifts and things to eat just ARE nicer. Things like homemade mince pies are often cheaper, especially if you’re cooking in bulk, and family members always appreciate a homemade gift, especially if it’s made by the kids. You could even save on wrapping paper costs by buying a big roll of brown paper and getting the kids to decorate it. Or have a go yourself and create this beautiful Christmas wrapping theme using old stamps.
Shop around for deals and discounts
I saved loads of money on Christmas presents one year just using a discount website – £527 altogether – so it’s definitely worth shopping around for special offers and discount codes. You’ll often find voucher codes for 10 or 20% off high street shops online, and those savings will quickly add up.
We’re often reluctant to talk to kids about money, and think the most important thing at Christmas is to get them the best gifts we can, but children are a lot more understanding than we give them credit for. If they’re old enough, simply explain to them that you’re working on a budget, and that you might not be able to get them absolutely everything they want this year.
Kids normally remember experiences instead of things anyway, so make it up to them by organising lots of fun, free activities instead – snowball fights and sledging if you’re lucky enough to get snow, free carol concerts, Christmas fairs – they are always loads of free Christmas activities going on.
Have a read of this infographic
It has loads of interesting facts about Christmas spending and should give you lots of ideas for ways to save!
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