Have a savvy Christmas
Posted Tuesday 20 December 2011
It feels better knowing that you’re making the most of your money throughout the festive season. So if you want to avoid money problems in the New Year, these tips from Tiana at the Money Advice Service may help.
Tips from Christmas past
Decide on the amount you can afford to spend - and stick to it. Include everything - gifts, travel, food, new outfits, decorations and entertaining. Our online Managing your money guide can help.
Plan your food list carefully. According to Love Food, Hate Waste, we throw away over eight million tonnes of food each year. This costs the average family with children £680!
Get creative and make what you can. Homemade jam or cookies, or a framed photo, make great gifts. Wrap them in brown paper tied with a festive red ribbon.
Advice for Christmas present
Write a list. Estimate the cost of each item and check that the total is within your budget. And if you’re buying online don’t forget to include delivery charges.
Compare prices of different retailers. Our online Shopping around guide can help. Look closely at special offers to make sure they really are value for money. And keep an eye out for discount vouchers.
Do you need insurance? Check your gifts are covered by your contents insurance policy. And think twice before buying extended warranties - you may already be covered.
Make every penny count. Our Cut-back calculator can help you see where you could save elsewhere to free up money for Christmas.
Hints for Christmas future
If you’re borrowing for Christmas, only borrow what you can afford to pay back, and check the terms and charges to get the best product for you. See our site to compare types of borrowing.
Once the festivities are over, see where you could be making more of your money all year round.
Start as you mean to go on by taking the health check - our online money planner. It takes just a few minutes to get your own personal action plan showing how to make the most of your money now, and reach your future goals.
Get the whole family involved, so they can start a money-savvy new year too. And check our website for more money tips.
Contact the Money Advice Service and take the online health check to prepare for 2012.
Read our information on money and mental health for tips on managing your finances, and details of where to find help if you're struggling.
Commenting is now closed.