How to have a Frugal Christmas 2018
Yes you did read that correctly and yes I know the last thing anyone wants to think about right now is next Christmas! However this is actually the perfect time of year to do just that if you want to make sure that you are prepared for Christmas 2018.
Let’s face it, we all know that Christmas is the same time every year and now is the perfect time to start putting strategies in place in order to feel prepared and organised for Christmas 2018!
Here’s my tips to get prepared for Christmas 2018!
1. Firstly, rather than trying to make your November or December salary stretch to cover gifts, food etc you have 12 months in which to save the money you need to pay for these things. The easiest way to do this is to create a budget for what you would be spending and then divide this by 12 to work out how much to save each month. I do this by setting up a standing order to go into a separate savings account each month called my “Christmas Savings”. (I also have an account for Birthday presents, which works in exactly the same way!) I decide who I need to buy presents for throughout the year, allocate a budget for each and then divide that annual budget by 12 and set up a standing order for that amount each month.
2. Secondly, take advantage of the January sales and stock up on wrapping paper, cards and gifts. I do this every year and it’s saved me loads over the years. I have a present cupboard, where I keep presents I’ve bought throughout the year and store them away until needed.
3. Finally, this is a great time to reflect on what you enjoyed most about the festive season and how you can spend time doing those things for free or for a fraction of the cost. For example did you enjoy having family round for Christmas day; maybe next time you could share the cost of hosting Christmas by asking everyone to bring a course. If guests bring starters, drinks, dessert and chocolates, you’re only providing the turkey (or other main) and the veg, less cost an Did you enjoy decorating the tree and couldn’t resist buying lots of gorgeous new decorations. How about next year making your own decorations, I haven’t bought any new decorations for years, instead I make my own paper chains and snowflakes to hang on the tree and mix them with decorations I’ve collected over the years.
So there you have it, how to have a frugal Christmas 2018! Hope you found it useful. What tips do you have to make Christmas 2018 a bit easier on the budget?