With the cost of living crisis in full force, it’s time to find new and creative ways of saving the pennies. At this tough time, many people will face struggles they have never experienced before. Therefore, it’s also time to help, where we can.
For a few months now, I’ve been on a mission to save as much money as I can when buying gifts for everyone. I’ve even got a spreadsheet to ensure I don’t overspend!
Here are my tips on how to find enjoyment in spending less this Christmas
1. Plan in advance
We’ve all been there. £7.00 delivery charge when you have two days before Christmas delivery dates end and you really need the item as a gift for someone. Because we are currently budgeting and trying to pay off bills which are slightly behind, I had to start shopping around for Christmas gifts early.
2. Buy second hand
You can find a lot of really great, new gifts on marketplaces like eBay. I’ve also bought some well-looked-after second-hand toys for my little one. She is three years old and to be honest, I don’t think any young child cares about packaging. They care about enjoyment, playing with toys and receiving love.
She will get a main present from us and be spoiled by our wider family. Therefore, the rest of the gifts will be affordable additions.
3. Reduce the overall budget for everyone
I don’t know about your family, but at a recent get-together, we ended up in chat about the cost of living. This year it is an unsaid thing that we will all be spending a little less on one another.
We will, of course, focus on the kids. And spending a little less on the adults will mean more money towards paying bills, enjoyment or giving something back.
5. Use hampers of gift boxes to house all gifts
I picked up this technique from social media. And I will be making up a hamper box for everyone in my family. Dressing the box up with amazing decorations and lovely items is something I am looking forward to. It has also allowed me to pick up smaller, affordable items for everyone. A great way to save money.
6. Give something back
It has become clear to me that Christmas isn’t all about money. Even though culture, consumerism and human beings have made it that way. Although we have our own financial ups and downs, I will be taking part in some of the charity drives to provide toys for those less fortunate. The money I save on spending less can go towards a great cause.
7. Ditch the unnessecery
My little one was looking at new Christmas decorations in Aldi the other day. I told her to put it back, as we have enough. My hubby & I spent years during our time as a couple, collecting special tree decorations and I know for a fact there are great decorations stuffed into storage boxes at home.
With everything we spend money on, I am now in the habit of thinking about whether there is an alternative. I strike a balance between still enjoying life, but also being thrifty in everything I do.
There is no way we can achieve our financial family goals if we keep spending money without thinking. It’s now time for us to buckle up, live a frugal life, and pay off the bills and debts we have. Then start achieving long-term goals, like buying a family home.