27th October 2021

With Christmas being a notoriously expensive time of year, it’s time to make sure your finances are in order while there’s still time.

The big day is just around the corner and, with the financial impact of the coronavirus pandemic still being felt by many households, finding enough money to give your family the festive period of their dreams may be easier said than done.

However, with our budgeting advice, you can plan your Christmas spending in advance and ensure your money stretches as far as possible. Here are our top tips.

  1. Be realistic 

When all’s said and done, Christmas isn’t worth going broke for, so stick to what you can afford and don’t be tempted to get into debt just to keep up appearances. 

  1. Make small sacrifices

Making small sacrifices in the run-up to December 25th is an easy way to help boost your Christmas coffers. For example, instead of buying lunch during the week while at work, prepare something at home to take with you and you’ll be surprised at how much you can save. 

  1. It’s never too soon to start shopping 

Whatever the time of year, planning ahead is the key to saving money and this is particularly true around Christmas. Start by making a list of all the people you need to buy for and if you see something suitable at a reasonable – or reduced – price, buy it now. 

  1. More expensive doesn’t mean better 

Paying over the odds for branded food and drink or the most expensive available option doesn’t mean it’s going to taste better, so shop around for cheaper alternatives. The same applies to sundry items like wrapping paper, Christmas cards and decorations. 

  1. Limit who you buy presents for 

There’s no rule that says you have to buy presents for your colleagues, cousins or anyone else for that matter. Stick to only buying presents for immediate family and your wallet will be thanking you in no time – you could even put a price cap on the amount you spend per person.

  1. Make your own gifts 

Instead of buying all your presents, why not get creative and make some instead? This list of Xmas gifts you can make yourself has plenty of great ideas that will raise a smile and save a packet.

  1. Do your research

One of the easiest ways to save money on Christmas presents is to shop around and compare prices from several retailers. And always remember to check if your presents are available cheaper online – in addition to the likes of Amazon, sites like Facebook Marketplace and eBay are full of bargains.

  1. Plan journeys in advance

Discounted train tickets are available now for Christmas so if you need to travel around over the festive period, book yours asap before they sell out.

We can help with the cost of Christmas

At First Defence Finance, our affordable Christmas Loans could help you cover the cost of your festivities without needing to turn to high-cost lenders. If you’d like to know more, click here to apply.

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