Planning is the key to saving money even during the festive period. Your visit here proves how well-versed you are with this idea. The happiness around this festivity is unparallel as it comes once a year only.
To make it extra special, you do not hesitate to don the role of Secret Santa. Did you have stashed enough to buy exclusive presents for your close ones? Relax if you have not started yet; you can also do the needful now.
| Saving ahead of time will help you prevent shelling out a fortune over gifts. It is because you do not want to compromise gifts for budget constraints. Setting a limit of £ 15 for gifting purposes can also work in your case, but it is not a norm. |
Formulating a personalised budget is your concern. Christmas is not just about giving away gifts. It is about having a gala time with your near and dear ones.
You can foresee it as an upcoming financial stress. The right way to deal with it would be managing finances through various means. Saving for this occasion will be a lot easier with an overview of how you want to map out the outgoings.
This blog helps walk you through the diverse avenues you can make the most out of your resources to salt away enough for this festive celebration.
Let your wallet be jingling all the way
Stop thinking about going out of the way to get elite gifting items for your relatives! Otherwise, preventing debt from racking up would be very difficult. Adjusting finances and saving wherever possible will be the smartest moves.
1. Master the art of budgeting for the festival
The Christmas season invites a lot of expenses. Therefore, being generous about selecting expensive gifts is going to be dangerous. Maybe, you will have to let go of other festive priorities if you spend a big chunk of your cash reserve for this single purpose.
Use caution while deciding how much you can afford. It will lay the foundation for your budget. An idea of the amount of money you can allot for Christmas will help you portion out funds.
You will know exactly how much you should accommodate for gifts and other purposes. It will also enlighten you about the existence of any additional requirements. Based on this, you can decide whether you should get Christmas loans.
With these loans, receive quick support up to £ 5000 to make up for the funding gap. Repayment will be expedient with no worries for you.
Drawing out money from a convenient range makes these loans a perfect companion when stuck in this kind of situation. However, they have their repercussion if you lag repaying on time.
2. Finalise from the myriad gifting ideas
If you do not control your emotions, the list of people you have to send a gift will amplify every year. It will only contribute to the rising cost of festive expenses.
Trimming down the list is possible without any guilt factor. This will not stop you from being the secret Santa. You can be a responsible Santa, on the other hand.
Gifting ideas you can steal from here are:
| Ideas | How can you do it? |
DIY presents | Starting from handmade soaps, candles, biscuits, jam, cookies etc can fit the bill for this category. |
Promises as gifts | Promise to send your parents on a holiday trip, let your partner relax by taking part in babysitting sessions, promise your friends to take care of laundry for a week etc. |
Repurpose old gifts | The last year’s present kept intact in your wardrobe can be re-gifted to someone who might need them. Refrain from gifting any used items. |
Gift essential things | If you know about something essential which your friend is looking forward to buying, gift it to them. It will serve both of your purposes. Go ahead only if your budget allows you to do so. |
3. Find the best place to shop for gifts or raw materials
The convenience of buying anything online means a lot when you are running short of time to explore different offline outlets. On the flip side, you can collect the required raw materials at budget-friendly prices through offline store hopping.
Try looking at Ebay to enjoy an economical purchase experience. Rely on this platform even for buying any used items like toys. Kids grow up fast, and they will need different toys with time.
Therefore, take the other route instead of gifting them a new toy every Christmas. For thoughtful gift ideas, you can check out the collections of any Etsy shop.
Explore various online platforms, as you never know when you might find your treasure trope.
4. Do not spend money on gift cards
It might seem like a more comfortable option to buy someone a gift card than a physical gift. Do you know it has expiry dates? The purchase must happen within this duration, or else it would be of no use.
The advertisements promoting gift cards from different brands are practical to gift if someone has lined up a list of times to purchase. Go ahead with this option if you know someone with such requirements.
Besides, you should not overlook the fees it will add up. The balance on the card will downsize if the purchase takes longer to take place. Above all, a small card can be easily lost or misplaced. So, be aware of what to gift and what not to gift.
5. Connect virtually with a distant relative
You cannot get in touch with everyone in the family during the festive seasons. However, your virtual network can facilitate a family video call to connect with innumerable members of your family.
All you need to do is to get the right tariff plan without spending too much. However, if you are still facing it hard to make up for the cost, you can approach Onestoploansolution to take advantage of a perfect loan offer.
Out of the diverse financing options available with them, choose any one that complements your capability and requirements at the same time.
6. Utilise points from your loyalty cards
Using a loyalty card while you shop can help you salt away money to cover the festive cost. How? You will receive some points after each purchase. Keep them as it is and let them grow into a bigger amount.
Moreover, you can use the accumulated points for the festive gift purchase. The best part is that you can further make saving in the form of points while purchasing items ahead of Christmas. It is because festive offers will be going on already.
7. Avoid rushing up for last-minute purchases
Many of you just blame yourself for not managing time ahead of Christmas to cover the different types of purchases. This will result in unnecessary expenses, as you will be tempted to pick up whatever is available without shopping around for the prices.
The bottom line
Strategising expenses ahead of time can help you save sufficiently for the festive season. Nevertheless, do not let a small funding gap ruin the festive preparations by opting for online loans available on the same-day.
Spending a lot of money cannot ensure a peaceful festive experience. There are economical ways to have a fun-filled Christmas time.
Mark Williams works as one of the Loan Advisors at a direct lender firm, Onestoploansolution. He has been working with the lender for about 15 years. He has been known to facilitate his employer in remarkable ways from writing to consulting and whatnot. He is a professional who wants to explore more of the UK financial market, the loan products and how customer requirement changes with time.
