5 Easy Ways to Save Money Around Christmas Time
Every year on Christmas eve, frantic shoppers run around buying gifts at full price for loved ones, emptying their savings account on presents that the receivers don’t actually want. Here’s how you can avoid the emergency gift card giving, department store panics and blowing your Christmas budget on express shipping from online shopping!
1. Start Your Christmas in January
This may sound ridiculous, but it’s about being prepared for the festive season. If you wait until the month of December, you’ll run up some serious costs, as shops won’t have sales in the pre Christmas rush. Think about who you need to buy presents for and throughout the year as you see things that people would like write it down next to their name so that by July you have a list of all the Christmas shopping you need to do. This will not only save your bank account in terms of spreading the costs out over the year, but it also means that you can get people’s presents on sale, and those savings add up!
Plus, you’ll never have to say sorry for a present again or get a gift receipt, because you’ll know that you’ve bought something that they genuinely wanted.
Of Australians use up their savings to be able to buy gifts
2. Consider experiences, not gifts
If you have a few friendship groups and you always find yourself having to buy everyone in the group a present, make some Christmas savings by suggesting that you all do something special together instead of buying each other presents. Try and choose something you’d do anyway, like all going to get your nails done together or going to watch a cricket match.
3. Do Christmas catchups in the lead up to December
This allows you to spread the Christmas budget out a bit more by doing something in January or November instead of December, helping keep your christmas spending thrifty. Along with spreading the costs out, it also means that you can make some savings. Lot’s of places offer Christmas specials in November or new year specials, and if you organise to do Christmas catch ups outside of December you can take advantage of those savings. Make sure to check comparison websites to make sure you’re taking care of your bank account as much as possible by taking advantage of the best deal available.
4. Give time, not money
Carefully consider what family members actually want from you. Does your mum want another scented candle, or would she prefer two hours of your time to do some gardening with her? This is particularly helpful if you haven’t shopped throughout the year and now have a spending limit. Save those cash dollars for secret santa and last minute christmas shopping, with the added benefit of looking super thoughtful and considerate, rather than just poor.
Is the average credit card debt for Australians after the festive season
5. Collect Secret Santa items throughout the year
Throughout the year, to help keep your end of year savings goals, pick up little items that you can add to your secret santa stash. This will mean that by the end of the year, you’ll have plenty of presents ready to go for your work secret santa, or for those moments when someone turns up with a Christmas present and you don’t have anything prepared for them! Then all you need is some wrapping paper and you’ve avoided an awkward situation. It also means you can take advantage of things like amazon sales and use your debit card throughout the year instead of having to put lots of little things on your credit card.
1 in 10
Australians will still be doing Christmas shopping on Christmas Eve
Whether you’ve got lot’s of Christmas shopping to do or only a little bit, don’t be frightened that you’ll end up blowing your savings goals. Prepare in advance with lists on your smartphone or diary throughout the year so that you can not only take advantage of sales, but also buy loved ones gifts that they’ll really cherish, as well as little things that are perfect for secret santa.
Try and give time or experiences instead of actual gifts if you’re worried about credit card debt, and enjoy Christmas day and the festive season, knowing that you’re fully prepared and ready to go!
Personality Test: How Does Your Mind Work?
You’ve probably noticed that the people around you all work in different ways. Sometimes it’s almost like we’re just wired differently. Some of us enjoy getting our hands dirty and thrive on…
4 Reasons Young Australians Struggle To Find Full-Time Work – And What We Can Do About It
The working world ain’t what it used to be. Older generations pass down the idea to younger generations: if you study and work hard, you will secure a full-time job. Young people…
Just Landed Your First Job? Here’s The Money Advice You Need to Hear Now
So, you landed your first job. Congratulations! Before your first paycheck hits your bank account, it’s time to brush up on some basic money advice so you can make the most of…
Want to read more?
Here's some more articles similar to this one.
7 Terrible TV Teachers
Teachers are a huge part of the pop-culture landscape, and it’s no wonder why – most of us spend about 15 years of our life with teachers. The good ones make an…
UWS & Liverpool Council Look to Build Campus
Liverpool Council is holding discussion with big name providers with the view to open a campus for University of Western Sydney (UWS). A UWS spokeswoman spoke of the area being an important part of the universities strategic place to expand educational opportunities across the region.
Deakin University: Rules of Healthy Eating Aren’t Faddish
About a third of all Australians are confused about what constitutes “healthy eating” in their diets. A Medibank-commissioned survey found that three out of 10 respondents considered dietary information confusing to some degree.