2nd December 2015 at 3:36pm
Want to try and keep your wallet or purse as fat as the goose this Christmas?
Yes, well as an early stocking filler we’ve pulled together our twelve days of Christmas budgeting to help you hold on to a little more of your Christmas coins.
We hope yule enjoy it!
On the first day of Christmas planning…
Set a budget
The impulse buy often comes at a cost, actively manage how much you want to spend on Christmas and plan ahead, follow Santa’s lead and ‘make a list and check it twice’.
On the second…
Make the most of your loyalty points
Why Christmas shop with a view to mounting up the loyalty points, when now could be a great time to use them and get money off.
On the third…
Surf some savings
Bargain hunt online. Do your research and make the most of online savings plus give yourself plenty of time and avoid any last minute speedy delivery charges.
On the fourth…
Get smart with gifts
Avoid your present going on eBay in the New Year and go detective. When it comes to gift ideas, do your best to gauge what friends and family would really want and need.
On the fifth…
Why not club together with friends or family
Cut the costs by coming together with family and friends to cover food, festivities and fun.
On the sixth…
Always write ‘it’s a gift’ on till receipts
Legally, only the person who bought the gift has consumer rights if it’s faulty, so the recipient can’t exchange. Some shops tend to allow it anyway, but for safety, use a gift certificate or get the shop to write on its copy of the receipt and yours that it’s a gift and who for. Rights are then transferred.
On the seventh..,
Bag a percentage off all your festive shopping
Consider maybe a cashback credit card if you need to finance your spending. They pay you every time you spend on them. You take one, set up a direct debit to repay in full every month, so it’s interest-free.
On the eighth…
Make your own Christmas cards
For the creative among you, making your own Christmas cards can save a lot of money and be a great way to spend time with your children and set their imaginations alight.
On the ninth…
Be smart in sales
With the lure of Black Fridays and Cyber Mondays, impulse buying is all too tempting, so ask yourself whether you really need it and whether you’ll use it, no matter how cheap it is.
On the tenth…
Set your priorities
If you’re on a tight budget ask yourself everything from whether you really need a huge tree piled with decorations or if a smaller one will bring just as much pleasure? Do you need to give everyone in the office a card or would they appreciate a batch of homemade mince pies just as much?
On the eleventh:
Start saving early
Saving regularly into an account with a competitive interest rate, or by saving or investing in an ISA which allows for tax free growth, could help your money grow. A little often goes a long way to cover the cost of next years Christmas and other things in life.
And on the twelfth:
Settle back and have a fantastic festive period!
The information in this blog or any response to comments should not be regarded as financial advice and is based on our understanding in December 2015.