How to spend less this Christmas

Christmas may be the most wonderful time of the year, but it's also the most expensive! As we start our build up to the festive season we have collated some great advice to help prevent overspending.

Plan your Pressies:

This one is obvious but also of the easiest ways to cut down on your Christmas expenditure. Agree in advance with friends and family a plan for presents, whether it's an agreed spending limit, Secret Santa, or a kids only plan.

Get the Best Deal:

When shopping for your Christmas presents forward planning is everything. Make a list and shop around to get the best deal on your purchases. Be sure to use your Group Scheme discounts and cashback, or get a preloaded shopping card if you prefer to shop in store. Don't forget that about big promotions like Black Friday and Cyber Week where retailers offer big discounts. By getting sorted ahead of time you will avoid panic buying and spending a small fortune at the last minute!

Frugal Festive Food:

Don't buy enough food to feed an army if you are only having a small number for Christmas. Plan your food in advance and get a good idea of what you really need, and stick to your list to avoid overspending. Try generic supermarket products, many are really high quality and a good deal cheaper than brand name equivalents. Reduce your food waste, there are loads of creative recipes online to make the most of your leftovers.

Deck the Halls with DIY:

A really fun and festive way to cut down on spending is to exercise your creative side and do a little DIY. You can make gorgeous decorations for your home. Festive baking like gingerbread and mince pies that can make lovely gifts or just cut down on your food bill. There is so much online in the way of tutorials and ideas, try Pinterest or Etsy to get a little inspiration. You’ll be surprised by how much more thoughtful it feels to give something you made yourself!

Savvy Socialising:

Though its great to have an excuse to get dressed up and go out, sometimes the Christmas season can turn into a blur of socialising. Why not suggest a pot luck dinner or meeting at BYO restaurant as a pocket friendly party option. Or suggest alternative activities like hill walking for a different way of catching up with friends - it helps to burn off the Christmas pudding too!

Be a Budgeting Boss:

Plan your Christmas Expenditure ahead using a Christmas Budget Planner. Try our online budget planner below to get you started. Once you have made your budget - stick to it! Use your budget list while you shop, crossing off and filling in numbers as you go.

Source: Our Partner Wrkit.

#christmas #budgeting #financialwellbeing