Last December, Christmas had me in the worst debt I’ve ever been in. This year, I vowed that this would not happen again. Here are the things I’m doing this festive period to ensure I don’t get bogged down in my overdraft again…
Johnny is a firm believer that you shouldn’t even mention Christmas a week before the big day so when I suggested that we went Christmas shopping in September, he was horrified. However, it’s November now and I nearly have all my Christmas shopping done and I’ve spread the cost over three months which means my bank account hasn’t taken the huge hit in December that it took last year. The only presents I have left to buy now are for Johnny (they’re all in my Amazon basket ready to check-out when my no-spend is over) and something final for my dad. This is the most organised I’ve ever been for Christmas and I’m very proud of myself.
Deals, Deals, Deals!
I say this to everyone every Christmas but Boots have absolutely stellar bargains on around this time of year. My friend Lucy swears by the Boots 3 for 2 at Christmas time and she always uses her Boots advantage card points to buy them which I think is a bloody fantastic idea. When she did I last year, I decided I was going to steal that idea and this year it has paid of really well for me. My ‘mother-in-law’ is getting a huuuge Bayliss & Harding gift set which I managed to pick up for only £12 when the contents is worth £50, so I hope she’ll be happy with that because I certainly was! Other family members are getting other bargains from Boots as well, all bought with my advantage card points!
Spend Within Your Means!
This sounds so obvious, but don’t spend money you don’t have. Make yourself a clear budget before you start Christmas shopping and try not to spend over it. Allot different budgets to different people, split the costs with your other half and make sure you stick to them. It can be really challenging to stick to budgets; I always want to go over and buy something extra for my mum, or a little something extra for Johnny but I’ve been so good this year at not doing that and just sticking to what I’ve allotted and it’s made such a difference to my finances. This is something I definitely recommend if you’re struggling with money this festive period.
Save, Save, Save!
I decided to do most of my shopping in October and September, then save all my earnings up in November and I’m going to do the last little bit of shopping in December. Last Christmas, I didn’t really take into account what a terrible hit to my finances Christmas would be and I got into so much debt. If you are in debt, and you do need help then you can click here for more info. This year, following a strict budget (I may or may not have an Excel spreadsheet on my laptop) I have managed to do nearly all of my Christmas shopping a month in advance and I’m not struggling financially, which is just fantastic. It means that December money can be used to buy Quality Street and copious amounts of cheese!
Those are my top tips for saving money this Christmas! Especially as a student, money can be really stressful and I don’t want to give my family sub-par presents, so I found these tips have really helped me! What are your tips for money saving this Christmas?
*This post has been sponsored.*