Special Guest Post in collaboration with PayPlan
HOW TO PREPARE FOR CHRISTMAS 2018
With Christmas 2017 just around the corner, here at PayPlan we want to help you start planning for next year (yes, already! Preparation is important). So here are a few things to think about once this year’s festivities are over with.
1) Set a budget
Have a look at how much you’ve spent this year, and previous years, and work out how much you need. According to the Money Advice Service the average Christmas spend per household is around £500, and this includes food, presents, decorations and other expenses. How do your finances measure up to this?
Make a list of all the people you want to buy for and allocate an amount to spend on each of them individually. Don’t forget the food! If you’re hosting Christmas dinner this year for family or friends then work out how much you need to spend on food and drink.
For example, if your total budget comes to £450 then you need to save around £40 per month from January to have the pot of money at the end of the year.
2) Start shopping now!
It might sound crazy, but lots of items will be going into the January sales which you can purchase at a discount and save for Christmas. Timeless presents like make-up sets, socks, board games etc. all go into sales as soon as the festive season is over, so grab yourself some bargains!
3) Make little changes
We have a Facebook page, Save a Fiver a Day, dedicated to saving you money each and every day. Why not have a look and see what savings you could make now?
One of our favourite money saving tips is to make your own lunch every day for work. If you are in the habit of spending £3 on a meal deal every day, you could save yourself around £60 per month! Chances are, they’ll be a lot healthier too, with lower salt and fat content.
4) Sell your old items
This season is a hot time for eBay selling! People are selling off their items in hope someone will snap them up and potentially use them as Christmas gifts. There is a filter you can search for ‘Brand New’ items, so don’t worry, it’s not all second hand stuff!
Have you ever received an unwanted gift at Christmas with no returns attached to it? Haven’t we all. Why not just sell it on eBay! If it’s brand new, and never before used, it’s worth a lot more than in the back of a cupboard where you’ll never see it.
If you’re worried about how you’re going to finance Christmas this year, or want some free no obligation debt advice then get in touch with us today on 0800 216 239 or visit www.payplan.com