15 ways to have a debt-free, merry Christmas!

It can be really easy to overspend at Christmas, but starting the new year with credit card bills is hardly the happy new year that we all wish for. Here are 15 tips for keeping your festive spending in check – you don’t need to over spend to have fun!

1.  Set a budget

Plan what you’ll spend on everyone’s gifts – and stick to it! It’s lovely to want to spoil your nearest and dearest but there has to be a limit, and there is no point in setting a budget if you aren’t going to follow it.

 

2.  Save year round

Put a little bit of money away each month to avoid straining your finances. Work out how much you spend on average at Christmas time, and divide it by 12, then set up an untouchable savings account to put some money aside every month – that way the money is there when you need it.

 

3. Buy preloved gifts

Don’t be afraid to shop second-hand. I buy second hand toys for my children all of the time and they are none-the-wiser, nor any worse off for it. Just as your own children have untouched toys, so do everyone else’s – there are always bargains to be had. Click here to read my preloved toys post for more info.

 

4.  Avoid unnecessary gifting

It’s a lovely idea to buy for all of your friends’ children and distant relatives, but realistically shopping for too many people is both stressful and expensive. Keep the gifts to close friends and family, and don’t be afraid to have a discussion with others – they’ll probably be relieved to lessen their spending too. I did this with my friends a few years back and instead of gifts we spend time together, which is always far more fun.

 

5.  Secret Santa

If you have a big family or wide circle of friends, why not do Secret Santa? Everyone gets one great gift, instead of lots of little ones – reduce your shopping stress and keep your bank balance in check.

 

6.  Be creative

Think about making some of the gifts yourself – if you have a skill such as baking, knitting or crafting, why not use it? People love personalised gifts and it shows you’ve made a real effort. Head over to Hobby Craft to get started!

 

7.  DIY your hampers

Most pre-prepared hampers are seriously over inflated price wise and very impersonal. Making your own allows you to save money, and to fill it with the items that your loved ones really want. Read my post on DIY hampers for more info.

 

8. Join forces

Pull your money together for a group gift. We do this every year with my sister to buy for our parents and nan. Having the extra budget means you can get something really great, without footing the whole bill alone.

 

9. Food shop sensibly

Shop carefully to avoid waste – if you’re catering for 20 people, don’t cook for 50! I have compiled a really handy guide to keep your festive food shop spending down, give it a read and slash your food bill drastically this holiday season.

 

10. Get some money back

Be smart and join Quidco to get money back on all of your purchases – it all adds up and is essentially free money! If you’re not sure what it’s all about click here for more info.  We’ve had over £2000 since we joined Quidco and it only takes seconds to sign up!

 

11.  Shop around

Don’t be tempted to buy branded items in the first shop you see them – the exact item might be cheaper online or in an alternative shop. With the internet at our finger tips, whip your phone out and have a quick look online before you buy.

 

12. Do your research

Always check for voucher codes and promotions before you get to the checkout to avoid missing out on great offers.

 

13.  Socialise at home

Catching up with friends and family makes Christmas a very busy time of year – and meals out, festive trips and dancing the night away can really do a number on your bank balance. Instead, make a few nibbles, open some bubbly and invite your friends and family to join you at home.

 

14.  Buy all year round

Along with setting a budget, and saving each month, this is one of the best things you can do to reduce your spending and avoid frantic December shopping! Buy as and when you see things in the sale or on offer – having a few bits and bobs ready to go gives you a great head start when the festive season arrives.

 

15.  Decorate on a budget

Click through to read my posts on decorating for Christmas on a budget and DIY Christmas wreaths  – transforming your home into a beautiful, winter wonderland doesn’t need to cost the earth. (And a bit of festive craft is always good fun too!)

Most importantly, don’t get caught up worrying about presents – your children don’t need expensive gifts, they need time and love. Christmas is about coming together and spending time with your family and friends. Don’t lose sight of what really matters; relax and enjoy the festive season because Christmas comes but once each year! 😉

 

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