It’s not always easy knowing where to start or what to say.
How do I manage my Christmas finances?
Despite the excitement and seasonal cheer that Christmas promises, if you’re on a tight budget, the reality can be very different.
If you’re already struggling financially, Christmas can be the time of year that you dread the most. Relentless advertising of the latest must-have games, toys and gadgets is probably the last thing you want to see. Not to mention the endless enticing images of expensive festive food and drink.
So, how can you manage financial stress and anxieties around Christmas?
Things you can do
- Be open and honest with your friends and relatives - they are probably thinking the same.
- Agree on a maximum spend with friends and family.
- Get Creative - send vouchers for your practical services, make gifts or share your time.
- Budget for how much you can realistically afford to spend.
- Try and cut back on food shopping in the first half of December.
- Try to remember that Christmas isn’t about expensive presents; it’s a rare opportunity to relax and spend quality time with your friends and family.
Useful links & resources
Christmas Budgeting Hints & Tips
Andrew Hagger founded MoneyComms in 2012, and has over 30 years’ experience of working as a finance expert for major personal finance brands. A frequent media spokesperson, he also writes regular money columns for the Independent, Daily Mirror, The Scotsman and Money Market.