Lifestyle Money

How to cut down on your spending this Christmas

Christmas Gift Money Presents Budgeting The Growing Up Guide

Recent research by RetailMeNot, a voucher company, found that UK households spent an average of £473.83 on presents last year. Is it just me or is that a lot of money?

As a poor student, this Christmas had to be a cheap one for me and many others. It means we have to streamline our lists of whom to buy for and think of new ways of making our money go further. It’s better to buy someone something small, cheap and meaningful rather than expensive and thoughtless.

Here at The Growing Up Guide, we realise that not everyone has hundreds of pounds to spend on presents so we’ve compiled a list of top tips on how to make the most of your money around this time of year.

Make a list

Think about who you need to buy presents for; parents, siblings, best friends, grandparents, partners etc.

Next, think of some present ideas for each of them. Jot down some thoughts about what you might want to buy them. Get creative and think outside the box.

See if you can cut your list down

In recent years, I’ve stopped buying presents for my best friends and instead, we go out for a meal somewhere (no, not Nando’s). An Indian or a nice Italian restaurant. Spending time together is hard enough because of all our hectic schedules so getting to chat and eat is better than exchanging gifts!

Make use of any loyalty card points

You’ve probably got lots of points on your Boots/Superdrug cards so use them towards your gifts.

Many people like to receive smellies and toiletries for Christmas so they don’t have to buy them for themselves at the beginning of the year.

Set yourself a budget

Look at what money you have coming in and out this month and decide how much you have to spend in total. Then split that up for everyone you have to buy for.

Don’t bother with Christmas cards

Does anyone even bother reading them anymore? We just put a generic message in them before displaying them and then recycling them after the New Year. Save time and money by not getting them at all!

Shop for bargains

Compare prices of items online over many different sites and make sure to check out bargain shops like Wilko, B&M, Home Bargains and those pound shops. They’re great for toiletries, snacks, decorations and wrapping paper/tags.

Remember it’s the thought that counts

Don’t just buy extravagant gifts because you think someone would like it. Put some thought behind your gift-giving. You might not spend as much but if someone can see the time and effort that went into making/buying the gift, it will be appreciated even more.

FOLLOW US ON TWITTER, INSTA AND FACEBOOK FOR MORE HELPFUL TIPS ON GIFT-GIVING

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