I don't wish to alarm anyone, but did you know that there are only nine more Saturdays until December 25th?! That's right, the clock is ticking people, so it's time to get organized and start saving that last bit of cash for all the Christmas goodies.
Remember though, Christmas can be an expensive time. It can cause a lot of people, anxiety. Especially Millennials, whose budgets are already stretched to breaking point. But there is a way to have a very merry Christmas without wiping out your life savings. Read on to discover more.
1. Save On The Weekly Shop
There is still time to save up a little extra for Christmas, and one way of doing this is to watch what you spend on the weekly shop. Even if you use the food offers or coupons and save $10 a shop, you will have an extra $90 saved to spend on Christmas! This is quite a bit of extra cash and could make all the difference in buying gifts or suppliers for a holiday party.
2. Add On The Weekly Shop
Or you could go the other way and be super organized and start adding nonperishable items to your shopping cart now. Pickles, tinned goods, and chips and snacks with a long date on them can be bought now and laid away until the festive season.
This means you are slowing building up your store of Christmas goodies and you get to spread the cost. Just make sure you hide them from the rest of the family, else there will be nothing left by the December 25th!
3. Do The Christmas Food Shop Online
A great way of making Christmas more financially manageable is to do the big food shop online. This makes it a lot easier to buy just what you need for the day and not get distracted by all the unnecessary goodies that you don't really need. Just remember to get in and book a delivery slot early, as these get filled up over a month in advance!
4. Going out
It is one of the weird laws that Christmas is also the season in which you will receive the most invitations to go out. Going out over the holidays can be expensive as it often involves getting new clothes to wear, or paying for meals and drinks. This can be a lot when you have all the other Christmas things to pay for.
Set a budget at the beginning of November for your Christmas partying and try to stick to it. Go for two rather than three courses when you eat out and use vouchers like these Uber codes for free rides instead of getting a taxi home.
5. Limit Gifts
Another way to make Christmas more manageable financially is to limit gifts. You may have seen the four gift rule that is circulating on social media. It goes something like this: One gift is something they want, one gift is something they need, one is something to wear, and the last is something to read. This cute rhyme can save you an absolute fortune as it works well for both adults and children. It also makes sure that the true meaning of Christmas isn't lost in all the gift giving and materialism.
6. Secret Santa
If you want to take cutting gifts down to the extreme, then you can always go for a Secret Santa. This is when you have a set amount of money, and you pick the name of a person out of a hat. You use that money to buy just that one person a gift.
This means you can spend a bit more because you are just buying for one person. It is also a fun way of making sure everyone is involved in the Christmas spirit.
7. Use Vouchers and Deals for Gifts
It is also worth looking out for deals when you are gift shopping. Many stores reduce certain toy lines before Christmas but only have a limited amount of stock that that price, so you have to be quick. Some places also offer a three-for-two offer on holiday gifts which can be useful if you have a lot of relatives or friends to buy for.
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8. Black Friday
Of course, any savvy shopper will realize that the best deals of all are to be had on Black Friday. If you are planning to shop in-store after Thanksgiving, you will have to gird your loins for a tricky task. Everyone there is primed and ready for a bargain, and you will most definitely have a fight on your hands. But you can save big if you do have the guts to go.
If you can follow all (or at least some) of these rules, you won’t break the bank this holiday season! What is your favorite way to save during the winter months?