Christmas Saving Tips!

It’s getting to that time of year where things can get a bit expensive if you’re not careful but there are lots of ways to save money and still enjoy your festive season. Check out these great Christmas saving tips:

Have a pre Christmas clean up – Clean up around the house and sell items you don’t need – hold a garage sale, sell online, or find a local buy-swap-sell. One person’s trash is another person’s treasure!

Make a list and check it twice – Having lists will help you plan your spending and keep you on track. Presents, entertainment supplies and travel plans are the main ones.

Be cluey about Christmas credit – If you don’t have the cash to pay for your Christmas goodies up-front, you might be tempted to use a credit card or use a buy now pay later service. That convenience can cost you dearly if you find yourself still saddled with Christmas debt well into 2019 or if the after pay options affect your credit score. Cash is king!

Be a scrooge online – research before you spend! Find the best and cheapest option before heading to the shops.

Get social with Christmas shopping – If you follow your favourite brands and retailers on social media, you may be able to get exclusive discounts through these social channels. Their newsletters may also alert you to sales and deals.

Master the art of Christmas gift hacking – Here are some ways you can show you care, while keeping a lid on your spending: Agree on a spending limit, Kids only, DIY vouchers, Savvy sales, Compare offers, Second-hand bargains.

Give to those less fortunate – Spread the Christmas cheer by giving to those who are doing it tough. Consider donating to a charity on someone else’s behalf and give this to them as a gift. As well as money, many charities also accept household items, clothes and groceries at Christmas, or you could volunteer your time to help them out.

Lighten your load on Christmas Day – Share the catering, Buy only what you need, Switch supermarkets, Use loyalty credits.

Save your sanity – Family time can be stressful for some. Be sure to add in time with your own tribe of chosen friends and family who make the time special for you so you can enjoy this time and feel fulfilled at the end of the day, not relieved!

Plan for next Christmas – Set up a Christmas hamper payment plan for next year. This will spread the cost over 12 months and help relieve some of the financial pressure.

Sarah Matzouranis

*Comparison rates are calculated on the basis of secured credit of $150,000 over a 25 year term. Please note this comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.