Friday, 6 December 2019

Budgeting and Saving at Christmas Time

No one can now deny that Christmas is fast approaching! Now, depending on what type of person you are, you may have already finished your Christmas shopping, or you may not start for another couple of weeks yet. Either way, Christmas can be an expensive time. So here are some tips on budgeting for Christmas!

1. List it out - As you may know by now, I am a list lover. If there is a situation where I can make a list, you bet I will make one! But lists for this sort of thing are really helpful. Note down everyone you want to buy gifts for and think about what you want to spend on them. If you think of something you want to buy for someone, note it down below their name and how much it costs. By doing this you will see how much you are planning on spending on that person and it will allow you to decide if you want to buy all of these items.

2. Be social - If you are struggling on cash or have a lot of friends to buy for, why don't you ask for a night out or a meal together? Spending time together around Christmas is lovely and your friends will appreciate the thought. Plus, time together is one of the best presents to give *cheesy awww*!

3. Decide a limit - If you are worried about people spending more on you than you are able to spemd on them, make a limit on how much you will spend on each other. Decide on a number and make sure you can both afford it. My boyfriend and I always decide on how much we spend so we don't go wild and it also stops us buying junk that we won't use!

4. Get creative - People always appreciate homemade gifts and cards because they know that you have put effort into it! It also gives your budget a break because you can make some really lovely things with very little money. So think about what you can create and get making!

5. Save early, save often - This is more of a prep tip for next year, but a great idea is to save certain coin all throughout the year. My dad made a decision to save all of the new pound coins he got and in about 2 months he already had £120! Now the coins you save don't have to be £1 or £2 coins, they can be as small as pennies or whatever you want! Either way it all adds up and means you will have more spending money for Christmas, and guaranteed you won't miss them.

6. Sales time - The last tip I have is wait until the sales! Agree with people to take them out once the sales have started and let them buy what they want! If you aren't planning on seeing some people until after Christmas is over, you might not even need to let them know that you saved a few pounds on their present...

So there we have it! Those are my top tips on how to budget and save for your Christmas presents. Have you got any tips? How do you save ready for Christmas? Let me know!

Speak to you soon!


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