I know, I know… Christmas is still half a year away. Still, we all know that it will creep up on us at a rapid rate. If you’re not careful, the costs of the festive season will cause financial problems that plague you for months.
Now is the time to take charge of the situation. Here are 10 simple ways to do it.
Spend less on days out. My guide to family adventures on a budget will point you in the right direction. As long as you are creating magical memories with the people you love, the costs should not matter in the slightest.
Focus on your credit score. Build a better credit history today, and you will get better deals when taking out future credit agreements. This includes when you borrow money to buy presents and other festive treats for the family.
Quit smoking. Easier said than done, but the thought of your child’s smiling face on Christmas is all the motivation you need. Gambling and drinking are other areas you could focus on. Besides, the health benefits are huge.
Trim the fat from bills. Whether it’s reducing your TV package in favour of Netflix or changing electricity provider doesn’t matter. Saving money on monthly bills and services can only have a positive impact before and after the festive period.
Buy a used car. If you’re in the market for a new car, opting for a used one may be better. Visit https://www.martinbrothersmotorcompany.co.uk/locations/jarrow to see how much of a saving you can make. The insurance will be cheaper too.
Buy your own coffee. The pre-work or lunchtime trip to your favourite coffee shop is costing you around £100 per month. A reusable flask should cost under a tenner while a decent coffee is around five per jar. It doesn’t take a genius to work out which is better.
Use coupons. Couponing is a big deal in other countries, but we are still a long way behind. Visit https://www.latestfreestuff.co.uk/free-coupons/ for the latest deals. Once you do, you’ll wonder how you ever survived without this tactic.
Cut food waste. Most families are guilty of wasting huge volumes of food. Now is the time to regain control. Shopping when you’re not hungry is a good starting point. On a separate note, choosing cheaper brands is crucial.
Upcycle. Food isn’t the only thing that people waste. Trashing old outfits or products that you no longer use is very wasteful, especially when they can be improved with a little TLC. Or, at worst, you should sell them.
Actively save. Simply getting into the habit of storing a few pounds in money jar each week actively reduces your spending. At the same time, you’ll be building the pot ahead of the costly festive period. Perfect.
Whether you’re saving for the festive season or not, these tips will help your money last longer. In turn, this can only have an immensely positive impact on the future of your financial health. What are you waiting for? Now is the time to get started.
Disclosure: This is a collaborative post.