With the costs of everything rising, many of us will be looking to do Christmas on a budget this year. There’s a lot more to it. But here are some quick tips for getting you through.
Shop Online for Better Deals
In-store deals aren’t always the best. And they aren’t always advertised. And many stores on the high street raise their prices around Christmas to take advantage of the extra demand. But if you shop online, you can save money and help a small, independent business. Take your time and look for the best boxing day deals, so that you can make your money go further by saving on your purchases.
For instance, you can look at sites like WholesaleSparkle.com to find beautiful jewelry at rock-bottom prices that will last forever and make great gifts. And if you order enough, you can often get free delivery in time for the holidays. Just check to see if delivery is included before you pay.
Don’t Ruin Your Budget for One Day
It’s important to say. Christmas is only one day, though. And when everything is said and done, it doesn’t matter that much. Of course, it’s a time to see family and friends and have some fun. But it only needs to be that. Don’t let fancy ads and pressure make you think you need to spend a lot of money to enjoy this special time of year because you don’t. Each Christmas, the average American spends more than $1,000. And since the price of everything from dog food to energy has gone up, that’s too much to spend on gifts, food, and celebrations for just one day.
Look for Discounts for Christmas on a Budget
You need a good budget to make sure you don’t spend too much on Christmas. So write down who you need to buy gifts for. And whenever you come across a good deal, use it and put the gifts away. This can be hard, but you can turn it into a game for the kids. Keep an eye out for sales and discounts. You can find deals and sales online, in stores, and while you’re out and about. You can also sign up to get emails about sales. And you can get deals on photo books, cards, and calendars, which make cheap but thoughtful gifts at this time of the year.
Get a Smaller Turkey
On that day, most people are looking forward to our turkey. It’s a great tradition that makes people think of happy times. But because there is so much food on the plate, many of us don’t even eat everything. Most people throw away half of their turkey the day after Thanksgiving. This is crazy because turkey can be used in a lot of different ways. But one easy way to stop wasting turkey is to buy a smaller one. For five people, you don’t have to get the biggest one in the store. Even a small turkey will give you enough meat for a typical family dinner.
Set a Limit for Each Person’s Gift
When shopping for gifts, it’s easy to spend too much, and we’ve all done it. Only to find that we had to cut our budget for January next year by a lot. Then this has a chain reaction, and so on. You can avoid this, though, if you plan out what each person will get and how much. A simple trick is to give everyone a gift that costs the same. Unless it’s a very close family member or friend of the child. Many discount stores and supermarkets sell holiday gift sets like bath gifts, alcohol gift sets, and chocolate hampers at very reasonable prices over the holidays.
Some Things to Stay Aware Of
You can always plan well for Christmas. But there are some things beyond your control and others that you may not consider. Some things to stay aware of over Xmas include the following:
- Christmas delivery charges.
- How long you have to return items.
- Check gift card expiration dates.
- End dates for Christmas deliveries.
- Promotional supermarket Xmas vouchers that expire.
Delivery services are a little up and down over Xmas, especially national ones. However, you should also be aware that most promotions tend to have a short run and will expire near the day.
Use Alternative Couriers
Couriers have a lot of work to do during the holidays. But you can save money if you send a package to relatives or friends. Suppose your parcel weighs more than a certain amount, usually 2 kg. In that case, you might want to use a discount web shipment instead of your country’s national mail service, like Royal Mail or the US Post Office. Some online services will even pick up your packages from your home. But keep in mind that delivery times for web couriers can change and fluctuate during the bust festive period and into the new year.
Be Careful with Cashback Credit
Use the proper cashback credit card for the majority of your everyday expenses to get the most cash back. Until then, you should avoid carrying a balance, so you don’t have to pay the interest on stuff you buy. And good as they are, a cashback credit card has a few problems. These include high APR, a waiting period before you can use your cashback funds, and a limit on the amount you can obtain each year. Also, use any supermarket or store cards you have. Using these over Xmas can give you more money all around for good savings.
Try Not to Borrow for Christmas on a Budget
Christmas is an expensive time of year, so it’s best to plan ahead. But there’s always a chance you’ll need to borrow money, no matter how brilliant you are at budgeting. But this only causes more debt at the worst time possible. If you have to, try to find deals with 0% interest. And if you can’t find a good deal in time, you might want to stop spending right away to avoid getting into deep financial trouble. Christmas is just one day, and you might even be able to get better deals on the things you want after the New Year in the January sales and promotions.
Get Advice for Debt if You are Struggling
When Christmas is coming up, you may feel pressured to buy gifts and food that cost a lot more than you can afford. As a result, many people end up in debt. For instance, in 2021, 5% more Americans got holiday debt than in 2020. And people tend to do the same thing over and over again. This year might be different since we may have less money because prices are going up. But it could also mean that you want to borrow more money. If Christmas spending has put you in a lot of debt, call a national debt helpline for free advice and a better festive period.
Book Travel Tickets in Advance
Usually, train companies sell tickets 10 to 12 weeks prior to the date of travel, and cheap tickets go fast. But you can sign up for a free alert that will let you know when your tickets become available. Even though the cheapest advance tickets have probably already been taken, you can still save a lot of money. Don’t presume you’ve missed sales. Instead, check to see if there are still cheap advance tickets available before you travel. You can now buy them on the day of travel. But the closer you get to your dates, the more likely it is that the prices will be higher.
Christmas on a budget is a very achievable option if you stick to a few points. These include shopping online for deals and limiting your spending for each person booking travel tickets early.