Budgeting Tips For Christmas

Is it just me, or does Christmas come round faster and faster each year? It’s so easy to let the event creep up on us all and leave us broke. If you put these tips into practice as soon as possible, you should enjoy Christmas a little more and feel less strapped for cash. 

Photo by Chad Madden on Unsplash

Put A Small Amount Away Each Week/Month

Instead of spending your last bit of money of the year on gifts, make sure you’re putting away a small amount of money each week or month. Do it in a way that suits you best. The earlier you can start doing this, the better. If you barely notice the amount coming out of your account, you’re going to have a much easier time come Christmas time. The money will soon build up, and you’ll feel more confident when you go to buy gifts.

Plan Your Spending

Planning your spending properly, rather than buying gifts sporadically, is the smart way to Christmas shop. Expecting to find everything you need and stick to your budget in one shopping trip is silly. You need a plan. Have a rough idea of how much you want to spend on each person at least. If you know what you want to buy them, that’s even better. The more you plan your spending, the more chance you have of staying out of debt.

Find Discounts

Before you buy anything, you can make your money go further by finding discounts. You can usually find discounts by doing a simple search online. You might need to try a few different codes to find an effective one, but you could end up saving a lot of money! 

Make Gifts Instead

Be more confident in your creative abilities and consider making some gifts instead. You can make all sorts of gifts really easily, and you’ll save a fortune. You could make pretty gift baskets full of the recipients favourite things. You could make a cake, or a bunch of cupcakes. You could make a pretty Christmas decoration, or anything else you feel confident enough to do. Handmade gifts take more time, and can be more appreciated than gifts that are storebought!

Cut Back On Your Decor

Cutting back on your decor might just give you more money to spend on Christmas gifts. Having a real tree can be nice, but it’s also messy and expensive. Putting up lots of lights can be magical, but it can also send your electricity bill through the roof. Cutting back on your decor and only putting up items that save you money will get you in the spirit without making you go broke.

Don’t let yourself go broke in the name of Christmas. Some people are even giving a small amount of charity and skipping gift buying altogether! This could be a good idea if you want to make sure your money goes to a good cause, without looking like you haven’t even bothered.



  1. August 30, 2018 / 7:01 pm

    Great ideas. I’m planning on buying preloved for the kids so starting early

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