How to save money on Christmas spending

The Christmas period is the most expensive time of the year for many people. Recent data shows that the average British adult spends more than £1,000 a year on Christmas, gifts, gadgets, parties, food and drink, and travel. This festival expenditure can put a big burden on many people and leave them struggling financially. In fact, over 60 percent of people say they are unable to spend comfortably during the Christmas period and few families end up in debt too.

Maintain Budget: The first thing to do before you even start thinking about Christmas shopping is prepare a budget plan. Calculate all your costs and compare your desired spend with the amount you’re able to save, and then make changes accordingly. Stick to your savings only.

Save on Presents: Presents and Gifts are the biggest expense at Christmas. Firstly, make a list of gifts and stick to it. Shop around, check multiple stores and compare deals for the best price. The best way to save on gifts or presents is to go with handmade gifts instead of expensive presents.

Black Friday & Cyber Monday Sales: Black Friday is the best time to purchase the Christmas gifts and make use of the best Black Friday deals & offers available online and offline. There are many online stores or supermarkets that come up with best black friday deals and Cyber Monday deals, make good use of these deals and save money.

There are many more ways to save on Christmas budget like planning Christmas Dinner, planning the visit to families & friends, saving on christmas parties, saving on Christmas trees & decorations. 

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