How to Start Saving for Christmas

Christmas will be here before you know it and it’s bound to cost a pretty penny. Rather than struggling for money throughout the festive season, you must take the steps to organise your finances to pay for presents, decorations, and food for the whole clan. 

To ensure money worries don’t ruin your yuletide spirit, read the below top tips on how to start saving for Christmas. 

Create a Festive Budget When Saving for Christmas 


It’s essential to have a firm understanding of your income and outgoings in the run-up to Christmas, so you will know how much money you will have to spare for the jolly holly season. 

Pull up a spreadsheet and note down your income and detail your expected bills, such as mortgage/rent repayment, insurance fees, TV packages and subscriptions, food shopping, energy bills, and much more. You also should factor in variable costs, such as loved ones’ birthdays, social outings, and takeaway meals. It 

Once you have identified exactly how much money you will have to spend, you can set aside a specific sum each month so you can start saving for Christmas. You also could discover different ways to reduce your expenditure, such as skipping restaurant meals, cancelling gym memberships, or comparing the market to find the best deals for various services. 

Buy Presents in Advance


Once you have created a budget and know how much money you will have to spend on each loved one, you should make a list of gifts to buy them for Christmas. You should then regularly browse the market for the items to secure a product when it’s a fraction of its RRP.

It’s a great way to secure a deal before prices rise in time for the festive period, and your loved one will be none the wiser. You’ll then have more money to spend on food, decorations, or even a bottle of bubbly or Baileys for Christmas Day. 

Shop Wisely with Price Trackers 

Price trackers can help you to find an item for the best price online. For example, the likes of Camelcamelcamel and Idealo will provide details on how a price has fluctuated over time and the cheapest place to buy it. So, use a price tracker when looking for gifts to identify if its price is rising or falling, so you can decide whether to buy it now or wait a few weeks to secure a better deal. 

Suggest Secret Santa

Secret Santa

Secret Santa is a handy option if money is tight or if you have a large family that’s continuing to grow in size. Rather than buying individual presents for each family member, you can each pick a name out of a hat and spend £50 (or more or less) on your chosen loved one.

It will ensure everyone receives a lovely present on Christmas Day without costing you all hundreds of pounds each. It’s one recommendation your family members might welcome, and it could add to the excitement of the day. 

Buy Unwanted Gift Cards


Slash your Christmas expenses by buying unwanted gift cards for a cheaper price than their value. Many people sell their unused cards on the likes of eBay, with some even dropping the price by 20%.

So, if you know your son would like an XBOX gift card or your sister shops at Topshop, you could save yourself money by buying gift cards for the brands at a reduced price.

You could even use the cards to buy items at a store yourself, which could help you to shave money off your total before you’ve even reached the checkout. It is, of course, important to read online reviews and the product description before you buy a card. 

Shop at Online Outlet Stores 

Christmas Shopping

Many of the UK’s biggest and best brands have many online outlet stores, which could save you a considerable amount of money this Christmas. You could take your pick from many great products at various outlet stores from the likes of M&S, Argos, Currys, Debenhams, Kurt Geiger, Superdry, Clarks, AO, Lakeland, Sports Direct, and much more. 

Sign-Up to Cashback Websites 

Christmas home

Cashback websites could top up your bank balance this Christmas. The sites are often free to join and you’ll receive a percentage of your order back when you visit a brand listed on their website and place an order.  

You will, however, need to click through to an online store via the cashback website. By doing so, you could save hundreds of pounds throughout the year, which could help you to tick items off your festive shopping list with ease. 

It is, however, important not to allow a cashback site to dictate where you shop online. Always browse the market to find the cheapest deal and use the site if it would provide more value for money. 

Buy Train Tickets ASAP 

Are you travelling via train to spend Christmas with a loved one? If so, buy your tickets for top UK destinations, such as Edinburgh, as soon as possible to receive the best price. Most operators tend to launch their tickets 10-12 weeks before a journey. To ensure you don’t miss out on the best rate, sign-up to a free alert to buy tickets that are likely to increase in price or sell-out quickly. 

So, if you want to enjoy a relaxing festive season with your family this year, take the worry and pressure off your shoulders and start saving for Christmas now. You’ll be glad you did. 

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