Finding ways to save money at Christmas is always a good idea.
This can be an expensive time of year and if you are not careful you can find yourself with a very big bill to pay off in the new year.
I love a bargain and try to save money wherever I can. In this post I will show you some easy ways to downsize your expenses and still have an amazing Christmas.
Work Out What You Can Afford
The first thing you need to do to stop yourself spending too much money at Christmas is to work out exactly how much you can afford to spend.
It is easy to just throw purchases on a credit card without thinking of the long term consequences.
Unfortunately we have been brainwashed into thinking that the more we spend, the better our Christmas will be. This isn’t the case though.
Look at the amount of money that you can easily afford and set your budget accordingly. If you are planning on using a credit card, work out when you will be able to pay off the outstanding amount. Credit card interest can be expensive so add this in to your budget and if it is too expensive don’t use the card!
When you are deciding on the amount you can afford think about the long term effects of this spending and not just the short term buzz of Christmas.
Once you have set your budget, make sure you stick to it.
Keep reading to find out how to make this budget go even further.
Stretch Your Budget
Now you have your Christmas budget set, you now need to make it stretch as far as possible.
A good place to start is to sign up to a cashback website. This will allow you to save money on any online purchases that you make.
By doing this you can shop around for the items you want and compare prices from various retailers to get the best price and get some extra cash back from the cashback website that you choose.
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Another way to stretch your budget is to take time to find the best prices for your Christmas gifts.
If you are rushing around on Christmas Eve then you are probably not going to get the best bargains.
Try to shop early and if possible buy gifts throughout the year so you are not spending a lot in a short space of time.
Having time to find the best price can save you a lot of money and help to keep you under budget.
Only Buy What You Need
We are all guilty of spending lots of money on things that we don’t need. This is especially true at Christmas.
One area that most people over spend on is the Christmas food shop.
This isn’t helped by inflated prices and everyone scrambling to the supermarket at the last minute to strip the shelves bare.
This can be avoided by carefully planning the food and drink that you need for the amount of people that you are catering for and where possible buying well in advance.
Items which can be frozen can be purchased well before Christmas when prices are lower and before the Christmas rush starts.
Decide on what you want on your Christmas menu and stick to it.
Buying early also allows you to shop around and find the best prices for each item.
Recycle Your Gifts
How many times have you received a gift for Christmas or your birthday and just put it in cupboard and forgot about it?
I think most of us will have done this at some point.
These unwanted gifts can be very useful though.
Just because you didn’t want the item, someone else will.
You could use these items to give as a gift to someone which will save you money buying a new gift for them. Just make sure you don’t give it back to the person that bought it for you!
If your unwanted gift isn’t suitable for anyone that you are buying for you could sell the item on sites such as eBay.
Any money that you can make on these items can go towards paying for the gifts you need to buy.
Give Everyday Essentials As Gifts
You can save money by buying your family members everyday essential items as gifts. Things like socks, nightwear and slippers are items that you will have to buy for your children or family members throughout the year so why not give them as gifts at Christmas.
This helps offset the cost of Christmas gifts against the family essentials budget for the year.
Essentials gift ideas include:
You could also offset your Christmas shopping by giving a bottle of Whisky as a gift for Dad rather than buying a bottle of Whisky in for Dad to drink at Christmas for example.
Now You Can Save Money At Christmas
I hope you have found these tips useful and and that you use them to save money at Christmas this year.
Check out the rest of this blog for more tips on making and saving money in your spare time.
Have an amazing festive season and a wonderful new year (without the worry of how to pay off the Christmas spending!).
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