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Christmas time can be an expensive time of year due to parties, buying gifts for friends and family, the cost of food and alcohol and going on holidays.
It’s often a time when people find themselves under financial pressure, sometimes resulting in debt carrying over to the New Year.
While Christmas can be expensive, there are definitely some easy ways to save during this busy and often stressful time of year.
Buying presents for friends and family is often the most expensive part of Christmas, therefore it’s worth thinking outside the box and coming up with some ways to cut back on costs.
Don’t be afraid to sit down with family and friends and discuss the issue of presents. Decide with some friends not to buy each other gifts this year or set a reasonable price to spend that both of you can afford.
When it comes to extended family, consider organising a Kris Kringle or Secret Santa. Not only is this a fun and exciting way to give gifts, but it will save you having to buy numerous gifts for your entire family.
In the spirit of embracing a season of simplicity, you can also consider making handmade gifts for friends and family. This is an inexpensive and sentimental way of giving gifts at Christmas.
Food & alcohol
Buying food and alcohol for Christmas day can be extremely expensive, especially if you have a large family.
Start planning early and write yourself a list of everything you need to buy. Keep an eye out for special promotions and discounts. Be sure to shop around and consider buying your groceries from discount supermarkets such as Aldi. Check out some of their Christmas offerings here.
It’s easy to buy and cook too much food on Christmas day. To avoid this, plan ahead and know exactly how many people you have to cater for. Also look into purchasing your alcohol online prior to Christmas. This will give you the opportunity to take advantage of special online offers.
If you want to earn some extra money over the holiday period consider getting a holiday job.
Another way of earning some extra money before Christmas is to clear out old goods and sell them at the local market. You can make a few hundred dollars (or more) by selling old clothes, toys, video games and gadgets.