Christmas is great fun as long as you stay within your means and keep it affordable. Overspending will lead to financial stress and a debt hangover that will be a burden for the rest of the year.
Follow these tips from Express to make your Christmas affordable and more fun.
- Start saving now so that you can afford the bills at Christmas. Saving now will mean you’ve got some reserves to cover all the costs at Christmas.
- Cut down on gift giving this year. Agreeing not to give gifts with friends or family can save you a huge amount of money. Or try a secret santa style set up so you’re only buying for one person.
- Plan for all of your festive spending. This includes nights out with friends as well as gifts.
- Manage your children’s expectations in advance and explain why there is a limit on spending.
- Protect your Christmas spend by increasing security. Burglars love Christmas time because high-value items will be placed neatly in one place. Don’t let your Christmas get ruined because of poor security or lack of home and contents insurance.
