The festive season can be a very expensive time.
If you have failed to budget for Christmas never fear, let us help guide you through.
1. Prioritise the essentials
The temptation may be to try every new ‘festive’ treat you see in the supermarkets - from sandwiches to new pastries, crisps and cute beauty gift sets. However, remember the essentials.
What will really make a difference to you and yours on Christmas day? Spend money on those things, special gifts and special food, and make sure you don't waste money on things you will easily forget about.
2. Presents do not need to be expensive
Presents do not need to be expensive. Forgotten to use up your fruit? Boil it with some sugar and make a jam gift for one of your favourite people.
Knit someone you love a hat or scarf they are sure to need in the chilly months. Bake some brilliant biscuits and wrap them in a bow. Get them some tickets to something they have been meaning to visit.
3. Consider alternatives
Parcel paper makes great and affordable wrapping paper. Just add a pretty ribbon or string and write straight on to the paper. The added bonus is that it is reusable for cooking lunch later.
Studies have shown that supermarket own brands of goods are also often very similar to their ‘finer’ ranges meaning there can be little sense in splurging on the better looking products. Wine and bubbly from budget supermarkets such as ALDI and LIDL frequently win awards.
A quick read of some of the Christmas taste tests run by the likes of Which?, Good Housekeeping and The Mirror can point you in the direction of what packs the best punch for your pounds.
4. Have a list
If you are shopping for presents, make a list and write down what you are getting for whom and then tick it off as you go.
This will help you stay focused and stick to your budget. Hopefully this will also mean you avoid spontaneous purchases and blowing your cash early on.
5. Festive activities do not have to ruin your bank account
Trips to Santa's grotto, to see the Christmas lights switched on or to hear a carol concert are often free. Do your research and look up events online.
Children can even track Santa delivering his presents at NoradSanta.org (it launches again on 1 December).
6. Sell what you don’t need
Now is an excellent time to review what you never use in the house and put it up for sale on eBay or Facebook Marketplace. One man's trash is another man's treasure, after all.
7. Look for discounts and vouchers online for everything
Seen some gorgeous wrapping but can’t justify the price? Need to send cards out to friends and family but cant find good quality sets? Look at sites like Wowcher, Groupon and many more to snag the swag you want.
8. Limit yourself at Christmas parties
Have two drinks and then hide your card or cash away. This allows you to enjoy yourself without being tempted to blow all your money on a hangover.
9. Shop elsewhere for new party dresses and winter jumpers
The high street may be awash with sparkly dresses and cosy layers but avoid the temptation to indulge.
Charity shops, swap events and vintage sales have unique pieces and warm coats and jumpers that are sure to see you through the season.
Often they look good as new and could also never be found anywhere else, meaning you will not end up wearing the same as your colleague at the work Christmas party. Win!
10. Remember to relax
Stress can be a major factor during Christmas so remember to take time for yourself. Cosy up with a festive film and wind down.
