No one wants to greet the New Year with a budget hangover from Christmas! First up, don’t be tempted to overspend on the hangover-inducing credit card. Plan ahead by making a list of the people you buy gifts for. Determine the total amount of money you’re comfortable spending on pressies and divide it up among everyone on the list as you see fit.
Remember, it’s the thought that counts, not the price tag! On that note, it’s a great idea to set a spending limit with family members and friends if that helps everyone stick to Christmas budgets. Alternatively, a Secret Santa deal works a treat for large families, workmates and groups of friends, with a set price for the gift each person buys.
Plan a shopping budget and then nab a bargain with pre-Christmas sales.
2. Make some Christmas shopping pocket money
Whether you use Gumtree, Facebook Marketplace or eBay, selling your unwanted things online is an easy way to pocket some extra money for Christmas. Best of all, you’ll clear out some space for the new presents! Plenty of people shop online for pre-loved presents and Christmas decorations, especially as it’s an eco-friendly way of spreading good cheer. While you’re there, take a look for unique gifts at bargain prices, including antiques, furniture, books, jewellery and vintage toys.
Whether you’re hitting the pavement or shopping online, compare prices before you head to the checkout.
3. Compare prices with ease
No one likes buying something and finding it for half price elsewhere. Whether you’re hitting the pavement or shopping online, compare prices before you head to the checkout. Honey is free to download to your device and it automatically finds coupon codes across more than 30,000 sites as you shop. Upon finding the codes, those representing the highest savings are applied.
Hop onto GetPrice and browse the categories or enter the product you’re looking for. Hey presto, a range of stores and varying prices pop up. Little Birdie is one of the newest comparison sites. It lets you in on discounts, price hikes and drops, along with clearance sales on and offline.
Long gone are the days when we had to wait for Boxing Day sales. Pre-Christmas sales are a common, just be careful to avoid the marketing and ensure you’re getting true bargains by using comparison sites before you buy. If you don’t mind the crowds, the best time to nab a bargain is often in the last few days before Santa arrives, as stores reduce prices to boost sales.
5. Christmas Day savings
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Have you ever hosted a Christmas Day without a full-to-bursting fridge the next day? Make a list of what you need and avoid that ‘just in case’ urge. So you don’t shoulder all the costs, assign a dish to everyone - and remember to be specific so you don’t end up with 10 pavlovas.
It might take a little more time, but it pays to shop around at supermarkets offering Christmas deals, along with local butchers, fruit shops and markets. If you’re feeling crafty or you want to get the kids in on the action, deck your halls with easy DIY decorations.
Save glass jars and fill them with Christmas baubles, lollies, lights or tinsel to place on the table. Arrange your Christmas cards on a wall in the shape of a tree, with a basket full of presents beneath. Make snowflake shapes with paddle pop sticks, glue and lashings of glitter or craft jewels. Keep the kids busy before lunch by painting Christmassy masterpieces on paper plates, then attach them to a string to hang up as a garland.
Even if you only save a few dollars here and there, it all adds up for a very Merry Christmas without a very big hole in the budget.
This information is provided by DPN Pty Ltd ABN: 94 630 700 186, Australian Credit Licence 514759. DPN Finance Pty Ltd is an authorised credit representative 504129 and a related entity of DPN Pty Ltd. Casa Capace Operations Pty Ltd ABN: 79 624 981 184, NDIS provider Number 4050038018 trading as Casa Capace.