Christmas is the season of giving and festive celebrations – in other words, lots of money-spending. The giving part of this time of year can really stretch your wallet thin, so here are some tips that will help finances survive through the festivities.

1. Preparing for the season

It is always a great idea to declutter and look through the things you’ve accumulated over the past year or two. With the variety of online tools like Facebook Marketplace and Gumtree, it is easier than ever to find a new home for your stuff and earn some extra cash as well.

2. Wish list

Lists solve everything, don’t they? Creating a list of gifts you’re planning to purchase for friends and family in advance can help you be on track with how much you’re going to spend and help you stay on budget. The same goes for other aspects of Christmas shopping.

3. Christmas debt

It’s the holiday season, and you deserve a special treat after working so hard during the year, so it’s understandable that some Christmas purchases may slip right through your hands and get lost in the sea of other transactions. If you went over your Christmas budget, you might be tempted to use your credit card or resort to buy now, pay later services. Before you sign up for these services, make sure you understand terms and conditions and how much your repayments will be and their deadline as you might run into the risk of getting into unmanageable debt, which is never pleasant, especially right after holidays.

4. Scoring great deals

To make your money work for you not only over Christmas but all year round, there are few things that you could do to make sure you get the most bang out of your buck.

  • The first thing you could do is to make sure you never miss a good deal by signing up for newsletters from your favourite brands.
  • A special tip from our marketing team: when you shop online and add items to the cart, try and leave it for a little while. It might be tempting to make your purchase straight away, but there are some websites that will send you a special discount code if you’re patient.
  • To score the best deal when you shop online, use a tool like ‘Honey’ that will automatically analyse all available coupons on the website, and apply the best one to your cart. So easy to save!
  • Did you know that while shopping online, you could have some of your money back? Tools like ‘Shopback’ allow you to have a percentage of your purchase back into your account. Nothing works out better than extra cash for Christmas! Imagine if you use a cashback feature throughout the year? – Hello, stress-free Christmas fund.

With simple tips like these, you will always get the best deals and will be on top of your Christmas finances.

From our family to yours, we wish you a very Merry Christmas and a Happy New Year!

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