Christmas, or the holidays, are supposed to be merry and cheerful; but do they have to be expensive as well?
According to The Telegraph, an average family spends around £800 on Christmas. If you’re one of the big spenders during this season, you may end up being broke at the start of the following year. Maintaining your budget and cutting on expenses can be challenging any time of the year; but it is a lot harder on Christmas season since you have to spend on items you don’t normally purchase during other seasons such as gifts and Christmas decorations, not to mention ingredients for sumptuous meals on this festive occasion.
Though there are many reasons to spend more during Christmas, it’s still possible to save some money.
Of course you would want to decorate your lovely home to give it more Christmas-y spirit, but if you want to save some cash, you may have to wait for next year’s Christmas to re-decorate your home. Christmas decorations, Christmas cards, and even Christmas wrappers usually go on a massive sale in January. It is indeed a long wait if you would purchase items in January to be used in December, but a little waiting can help you save a lot. Purchase wrappers, cards, and decorations for Christmas as early as January, and you’ll be glad you did.
Buying Christmas presents for your loved ones all at once directly translates to big expenses that can be overwhelming and may even drive you to borrow money. You can opt to buy presents for your family throughout the year. Just remember to store these Christmas gifts somewhere they won’t be discovered by anyone else. Alternatively, if you don’t have the time to shop for gifts on numerous occasions, you can start saving for Christmas gifts as early as January so that you won’t be overwhelmed by the high costs of presents on December.
Before doing your Christmas shopping, create a list of ideal gifts for every person you intend to give presents to. Also, include the amount of money you’re willing to spend for each one so you can limit your spending.
Starting a ‘children-only’ rule when it comes to getting presents can also help you save. Or, you can practice the traditional Secret Santa so you (and everyone else) only have to purchase a gift for one person.
Searching for clearance stores or outlet shops for you to avail big discounts on designer brand items can help you save on cash without sacrificing the quality of presents you give.
Although Christmas dinners should be more special than your daily meals, it’s typical for us to overspend on them. You can always cut down on food expenses for Christmas or explore and try new recipes that won’t cost as much as your previous Christmas meals but will be equally special.
If you have decided to buy presents throughout the year to spread the costs, search for discount coupons. Discount coupons can help you save a lot in buying presents.
Online shopping isn’t only convenient, but can also help you find great buys. Sometimes, there are even items for sale online that cost a lot less than the ones sold at the physical stores.
Christmas should be a happy occasion; but it doesn’t necessarily mean that it has to be an expensive one, too. Start reducing on your Christmas expenses and enjoy a lot more savings for the year ahead.