Money Saving How To Save Money This Christmas

In 2023, 52% of Brits stated that they would be spending less money on Christmas due to the rising cost of living, according to YouGov. Christmas is a once-a-year event that everyone wants to make special but this can be a costly task as there is always so much to do and even more to buy. In all of this, you may be wondering how to save money this Christmas and thankfully, there are a few ways to do so.

In this blog, we will tell you:

• How to create a Christmas budget
• How to save on Christmas decor
• How to save on food for Christmas dinner
• What Christmas gifts to buy and how to save

Start Budgeting for Christmas

With the rising cost of living, budgeting has become a must-do in everyday life. As you are making plans for the season, it is important that you take a look at your finances and create a Christmas budget. Having a budget is the step in making sure you save money before you start looking at sales and discounts. Without one, you may just end up overspending, even with the help of Christmas discount codes.

It may be a tedious task but it is the best way to make sure you enjoy the festive season while avoiding stress and regrets when January rolls around. Here are some tips to get you started on the budget:

1. Take a look at your income, essential expenses for the month and emergency funds. From there, determine how much you are willing to and can spend for Christmas.
2. Once you have an amount, separate that into categories for food, gifts, decorations and other Christmas essentials.
3. Make use of the budgeting feature that your bank provides to keep track of expenditures for each spending category.

Ultimately, to reduce money-related stress during the festive season, you should be saving throughout the year. Having a separate savings account and setting up a Christmas budget early on can help.

Christmas Decor Savings

Just like Easter and Halloween, Christmas is a time to decorate your house for the festivities. It is easy to go overboard with the trees, lights, ornaments and tinsel once you get into that festive mood. Since Christmas decorations are used only once a year, it would be beneficial to invest in quality decorations that you can reuse but investing in quality does not have to be expensive.

Here are some ideas that you can use to show your festive spirit without breaking the bank:

Switch to LED lights

Brits have been opting for options to help them save and cut down costs on energy, and with Christmas around the corner, may opt to forgo Christmas lights altogether. This is where LED Christmas lights (and LED fairy lights) come in. They use less power and are more affordable to run than traditional Christmas lights. You can use Argos voucher codes to save on their offering of LED Christmas lights and you can read our blog How Much Outdoor Christmas Light Decorations Cost To Run? for better insight on how to save energy and money.

DIY

Whether it is for indoor or outdoor decorations, you can get creative with items you already have around the house. Our blog on the The Best Outdoor Christmas Decorations For Your Home provides tips, tricks and ideas on fun DIY decoration ideas such as homemade wreaths, building snowmen and paper snowflakes.

Shop sales and deals

During this time, many stores will have great deals on Christmas decorations. You can use a Tesco discount code to save on all the Christmas decor you need, from Christmas trees to garlands and wreaths.

Be sure to also use our Home & Garden discount codes for savings on all your home decor needs.

Saving on Christmas Dinner

What would Christmas be without a hearty meal with the family? This is the part many people look forward to and understandably so. However, this can be the most costly part of the holiday. Just last year, The Guardian reported that the cost of Christmas dinner was expected to go up by 13% due to factors such as inflation and rising energy costs.

Saving money has become a priority for families across the country but it can be difficult making money-saving decisions when it comes to food. No one wants to cut out essential items such as turkey or even their favourite items. Luckily, with some finesse and Food & Drink discount codes, it is possible to have a memorable Christmas dinner while still saving money.

• Before you head out to the supermarket, write a shopping list and make sure that you stick to it.
• Shop around to find the best deals. You can find a similar item at a different store at a cheaper price.
• Avoid getting influenced by festive deals and buying food that you do not need (this is where your shopping list comes in!)
• If you are going to make use of festive deals, stores like ASDA have great deals for Christmas dinner, drinks and dessert. You can use an ASDA discount code to save more.
• Make use of Supermarket discount codes to save on your grocery shopping.
• Read our blog on How To Cook A Turkey For Christmas Dinner to find recipes, suggestions on where to shop and tips on how to save money on a turkey.
• Try alternatives such as store-brand food items rather than brand food items. Or even frozen vegetables rather than fresh vegetables as they can last longer and are cheaper.
• You can also read our blog on How To Save Money On Food as a guide to grocery shopping during Christmas and beyond.

Christmas Gifts and Savings

Christmas is also known as the season for giving and is a time when loved ones spoil one another. Just like Christmas dinner, this part of the holiday also tends to rack up a hefty bill. While it is the thought that counts, it is natural to want to give those closest to you quality gifts. There are Gift discount codes that you can use to save on gifts. Here are a few gift suggestions and tips on how you can save:

• Shop according to your budget. As mentioned above, setting up a budget and splitting your expenditure into categories goes a long way. With a set amount put aside for gifts, you can avoid overspending and have an easier time choosing gifts.
• Don’t leave your Christmas shopping for the very last minute. While there are great deals and discounts during this time, there is no guarantee that you will find the right gifts on special.
• Going back to the previous point, do your shopping throughout the year. Stores have sales year-round and it will be easier to find the perfect gifts at great prices. You can use Black Friday discount codes, Cyber Monday discount codes and January Sales discount codes to save throughout the year.
• "Purchase gifts such as books that can be sentimental and affordable," says Marylyn Ncube. You can use Books & Magazines discount codes for extra savings on bigger purchases such as book series.
• Shop from retailers such as Amazon. They have an endless selection of gift options at great prices. You can save more by using Amazon promo codes.
• For a personalised touch, use a Not On The High Street discount code to save on their range of personalised Christmas gifts suitable for the whole family.

Enjoy Your Holidays With Our Tips On How To Save Money This Christmas!

Figuring out how to save money this Christmas doesn’t have to be a challenge. For more tips and ideas, read our blog on How To Do Christmas On A Budget. If you’d like fashion ideas for the festive season, our blogs on the Top 5 Christmas Outfits From The House of Fraser Online Store and Celebrating Christmas Jumper Day 2024 are a great place to start! For additional savings after Christmas Day, keep an eye on our Boxing Day discount codes page.