Cut your spending this Holiday Season

The holidays are approaching, and this could be one of the most expensive times of the year. Did you know… that on average Brits spend £1,116 at Christmas*

Unfortunately, however, when the calendar turns to January, the negative effects of this spending begin to set in. So, if you are looking to avoid that stress and regret, take a look at the below tips to cut your costs during this Christmas and New Year holiday season.

* YouGov

Make The Most Out of Sales

You could plan some of you purchases ahead and make them during sales periods. There is Black Friday, Cyber Monday and more before the holiday season.

What is more, if you do your shopping during Boxing Day or January sales, you could be well prepared for next year.

Reuse gift bags

Make sure you keep any gift bags you receive. These could be reused next year for any gifts you will be giving. Also, you could use any gift bags or wrapping paper you currently have at home.

Change your Christmas Cards

If you are looking for a free Holiday Card alternative, this year you could send online ones. For example, with a message on Facebook, or via email. It would still have a personal touch, while free and eco-friendly, as you save on paper and postage.

Alternatively, if you are a fan of paper holiday cards, instead of mailing them all out, try to hand deliver as many as possible when you see people.

Donate Time, Instead of Donating Money

The holiday season is a time to give to others, who are less fortunate. So, perhaps you normally donate money to charities or causes that are important to you. If that is the case, consider donating your time instead.

There are many organisations that utilise volunteers’ help. For example, Crisis, the national charity for homeless people, normally offer volunteering opportunities across the UK every December. Find out more or sign up to volunteer here.

Start Saving For Next Year Now

You could set up a savings account now, and contribute a regular, but manageable amount every week / month. This would be a great example of self-gifting – investing in your future.

Take a look at our Tax-Free Savings Plan, which lets you save from as little as £2.30 per week or £10.00 per month. What is more, offers additional benefits after 12 months, free of charge.