Christmas is just a couple of weeks away, which means that if you haven’t already, it’s time to start planning. The chances are that you want to give your kids the best and biggest Christmas ever, the only problem is that money might be a little tight. There’s no doubt about it; Christmas can be expensive. The issue is that there’s not just presents to buy but also food to get and lots of Christmas parties and events to attend. It’s this combination of things that can make the festive season incredibly expensive.
For a lot of parents, with the festive season comes a lot of stress and worry, because they’re unsure of how they will cope with all of the associated costs. Every parent wants to make Christmas special for their kids, but what they don’t want is to break the bank. As a parent, I know the struggle all too well. With that in mind, I thought I would share some tips and advice below about the best methods of cutting costs this Christmas, to prevent your festive celebrations from from breaking the bank.
Set a budget and stick to it
The most important thing when it comes to the festive period is setting a budget. It’s far too easy to overspend when it comes to Christmas, so it’s a good idea to set a budget and ensure that you stick to it. Obviously, it needs to be a realistic budget – aka something that you will be able to stick to. So sit down and work out what you tend to spend on gifts, food, and all the other parts of the build up to Christmas, such as Christmas events. Set a budget that will allow you to spend money on what you need to without leaving your bank account empty. To help you stick to your budget, it’s a good idea to use a budgeting app, so that you can put in your total and mark off the amount that you’ve spent.
Spread the cost
One of the best ways to make Christmas more affordable is to spread the cost. Obviously, it’s too late to start putting money away each month for this Christmas, but for next Christmas, this could be a habit that’s worth adopting. As by putting money away each month, you can spread the cost and ensure that the festive season doesn’t have a negative impact on your bank balance. To make this Christmas more affordable, consider taking out a loan from a company like Lending Tree, for instance. You may not like the idea of getting into debt, but by taking out an affordable loan that you can pay off over a few months, you can spread the cost of Christmas and make it more affordable. Or, how about signing up for a catalog account where you can order items, such as toys and games, and then pay each item off over a series of months? If money is tight and you’ve got a good credit score, getting a loan or opening a catalog account are both good options.
Shopping online, not just for gifts but also for food and drinks for Christmas, can be a good idea. Believe it or not, you can get some fantastic deals when shopping online. Take your turkey, for instance; you can get a turkey of the same size for half the price that you would pay in the supermarket if you buy it online. There really are some fantastic deals on, it’s just a case of taking the time to look for them. Deal and discount sites are incredibly useful for saving money on both gifts and food and drink, so make sure to have a browse of these when you’re shopping online. If you fail to take a look at these, you could miss out on some fantastic deals.
Buy gifts when they’re on sale
When it comes to present buying, the best bet is to take advantage of when things are on sale. Whether you are shopping in-store or online, it’s a good idea only to shop on days when you know that there’s a sale on. In the lead up to Christmas, a lot of stores have sales on, so take the time to research when the stores that you want to buy from will have sales on. Sign up to their mailing lists, and you should receive an email notification when they’re planning a sale.
So there you have it, everything that you need to know about ensuring that the festive season doesn’t break the bank.