During the Christmas festival, you may be worried about how you are going to make your family happy. So many people are attempted to overspend which makes them welcome the new year with debts.
It’s also a fact that many people go crazy when it comes to buying gifts for their beloved ones whereby even most of the beneficiaries will not like them.
At the end, you will realize that you have spent all the money that you had on your savings accounts. However, you should not worry as there are so many ways on how you can save money this Christmas, some of them are:
Christmas Money Saving Tips
1. Shopping early
It’s good that you starting preparing early for Christmas if you wish to save money. If are able to decide to the products that you want you will be able to buy them early when they are sold lowly.
If you start to shop early you will be able to spread your costs and avoid putting an extra burden on the Christmas day. You will also be in a position to get them cheaply since at this time nobody is interested in such gifts.
2. Shopping online
During the Christmas festival, there are also many online stores which offer huge discounts on their sales. Some of these stores may even offer free transportation services and gifts for the customer who reaches a certain target. You can take advantage of this.
3. Going social when shopping
In case you follow some of the best retailers on their social media channels you may be able to get some discounts. If you have subscribed to their newsletter, they may also alert you on various sales and discount deals. There are also some discount apps which you can use to get bargains for your Christmas gifts.
However, before you buy any deal it’s good for you to make sure that you look at the terms and conditions so that you are sure you are transacting with a legitimate site.
4. Avoid buying presents for the adults
In case you have a large family gathering, then it’s good that you avoid buying everybody a gift. You can concentrate on buying gifts for the kids only as they cannot stay happy if they are not given gifts.
As you buy these gifts for them just buy a few simple gifts on wholesale so that you can save. So long as they are able to get these gifts they will be happy.
5. Sharing the costs of meals
In case you are planning to host a party or a common family meal then you should not shy in telling the participants.
Let everyone bring food item which is accessible to him/her. In case you are supposed to contribute some of the money let everyone contribute so that you can reduce the costs of holding your Christmas celebration party.
6. Do not be afraid to prioritize
When you are shopping for your product make sure that you give the first the priority the products which you think are necessary. You can avoid those ones which you think will not add any value.
7. Going for a secret Santa
It might be difficult for you to get money to but a lot gifts for your family, classmates, colleagues, and friends. Through this secret Santa, you can suggest your names and decide on who is going to participate. The winner will get the gifts.
8 Using loyalty cards
If you have enrolled yourself in any loyalty scheme then it will be good if use your points for shopping. Some supermarkets do even offer some discounts on some of their products.
9. Making a list
You must make a proper list of all the foods that you wish to prepare for the Christmas festival and the ingredients that are needed. A list can assist you to the rack your spending. Some of the things that you may write on your list are:
-
Presents
You can write down the list of people that you want to buy gifts for, the products that you wish to buy for them and the amount of money needed.
-
Entertainment products
List down the kind of drinks and foods that you need and the amount of money. You can buy some of the drinks in advance especially if you can store them in a refrigerator.
-
Traveling plans
In case you are planning to drive or travel by plane, there are so many ways that you can save on travel expenses. One way towards achieving your savings plan this Christmas season is writing down the costs that you will incur on petrol, travel insurance, accommodation, and flights.
When it comes to accommodation you can shop early for cheaper hotels which offer cheaper meals and accommodation.
Avoid going to luxurious hotels as you will be tempted to spend more. You can also research on routes which can enable you to spend less fuel.
In case you are traveling with so many people like your friends, you can consider hiring a bus as it might be cheaper.
10. Learn to stick to your budget
It’s important that you spend all the money that you have budgeted for. If you use credit cards for your shopping you can avoid carrying it and carry on only the amount of money in your budget.
The reason why you should not carry it is that you may be tempted to swap your card so that you can buy beautiful gifts that you have seen and you did not budget for them.