Money Saving Christmas Tips- Ideas to help you save this Christmas

Money Saving Christmas Tips- Ideas to help you save this Christmas


If you’re looking for money saving Christmas tips, you’re in the right place. Whether you’re already thinking about Christmas, or avoiding all mention until December, these Christmas tips will help you save money over the festive period.

The first money saving Christmas tip is to get some money saved, if you haven’t already. In our house, we don’t start preparing for Christmas until November, except for the part where we save up the money.  In our first joint budget, around 7 years ago, we came up with a budget of £500 for Christmas and have saved £50 a month, every month, ever since.

We call this our ‘Cost of Christmas budget’. It covers not just gifts, but also additional cost of food, fuel for the car, a real tree, decorations ,cards, and wrap. This gives us an extravagant Christmas but one that we’re happy to pay for. When you work out what your budget should be, make sure you add in all the extras, and not just the cost of presents, as the extra can soon add up.

As we’re constantly prepared from a savings point of view (because we’ve set aside the money throughout the year), from a planning point of view, we don’t have to ruin the magic by starting to buy presents in August.

Key things to remember:

  • A budget is not a target. You should treat it as a maximum but aim to spend less.
  • Christmas is a single day. In spite of it being the most expensive day of most people’s year, it’s probably only one of a handful of your best days in the year, and those other best days were probably much cheaper (weddings excluded!). That’s if Christmas even makes your list of best days for the year.

If you don’t already have a budget, now is the time to work out how much you can afford to spend, and start putting money aside to pay for it.

My money saving Christmas tips over the next few weeks will help you find savings and suggest things to make Christmas feel special without costing you money. You can find links to all these pages here:

How much do you budget for the cost of Christmas and how do you pay for it?

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