This is a collaborative post by Ellie Jo with Christmas tips for saving money.
There’s less than a month to go until Christmas, and if you’re starting to panic over your finances, then don’t worry – there’s still time to save some money!
Christmas can be tough on families, but if you’re careful with your spending over the next couple of weeks, you’ll have a little bit leftover in time for Christmas.
Take a look at these last-minute money-saving ideas for Christmas and start putting those pennies aside!
Image Credit: Unsplash under Creative Commons
Tips for Saving Money During Christmas
Budget for what you need
Making a Christmas budget is the best way to help you spend within your limits, avoid debts and get everything you need for Christmas. You can start by looking at all of the people you need to buy for and setting an individual limit, as well as plan for things like Christmas decorations, food and more. Set a figure you know that you can stick to, and while it’s tempting to go overboard, you don’t want to be paying for Christmas into the New Year.
Remember that your budget is a starting off point, you might find that some things come under budget, allowing you to allocate the savings to other things on your list!
Change your approach to presents
Buying presents can start to get out of hand. If you have to buy for everyone in the family as well as friends, neighbors, etc. you will end up spending too much. More and more people are taking a sustainable approach to Christmas this year, meaning they’re choosing presents carefully and not buying things that will easily go to waste. If you want to cut down on how many people you buy for, why not suggest doing Secret Santa? It can be more fun to give gifts this way, and means everyone will save money too!
Another thing you could do is buy a gift for the entire family, instead of lots of smaller gifts. Some VR games could be a lot of fun for everyone, or you could plan a big trip together instead. There are plenty of ways you can cut down on your present-buying, helping you save money and time this year.
Take advantage of all of the pre-Christmas sales and discounts
The lead up to the holidays is a great time to pick up gifts. There’ll be endless sales and discounts as retailers look to improve their profits before the year. Keep an eye out for Black Friday and Cyber Monday discounts – there’s a lot of potential to save money on these days.
It’s also worth checking to see if there are in-store coupons available to help you with savings. There are tried and tested ways of asking for coupons that could help you save. Remember, if you don’t ask – you don’t get!
Start food shopping now
Instead of leaving the Christmas grocery shop until the last minute, why not start now? Adding a couple of items a week, especially treats or alcohol can help you spread the cost. You can even take off something you’d usually buy and see if you can cope without it for a week. Look at ways of cutting down on your grocery bill to help you save money over the next couple of weeks, and put your savings to one side to give you a boost for your pre-Christmas shop!
Find ways of making extra money
If saving money is a struggle, why not look at ways of making extra money instead? Even now, you could get started with some simple online jobs or start selling things on eBay. There are different opportunities to make money online, as well as fun activities like being a mystery shopper! Get started now and by Christmas, you could have made some additional money to add to your budget. Who knows, you could even carry on with your new side hustle in the New Year and give a big boost to your income!
The holidays can put a lot of pressure on your finances, but if you manage it right then things will be ok. While a last-minute budget isn’t ideal, you’ve still got time to save and enjoy a great Christmas. Next year you can start fresh and get ahead earlier in the year, helping you spread the cost of Christmas over a longer period. Remember that Christmas is about spending time with family, not how much you spend so whatever you do this year, but creating special memories with your family at the top of your list!
This is a blog post in a series of money-saving from the frugal Austin blogger, Cha Ching Queen.