News & Blog

How to save at Christmas time?

4th December 2018

Starting soon is the key to saving money. If you leave your shopping to the last minute, not only do you have to face the 23rd December high street chaos, you’ll miss out on the excellent deals that many retailers offer early in the festive shopping season.

It’s incredibly easy to overspend at Christmas – doing your utmost to make savings where you can is the best way to avoid a festive hangover that lasts until that January pay check finally arrives.

Here are our top four festive money saving tips:

1) Join a no-present pact
Do you ever find that your friends and relatives buy you Christmas gifts you don’t want? The sort that are used once on Christmas Day before being relegated to a dusty top shelf for a few years and then eventually given away to a charity shop?

We’re sure that most of us have been in this scenario at some point.

Joining a no-present pact is a great way of avoiding giving and receiving more than you need.

Not only will this save you money, it will also go a long way to reducing your environmental impact at a time where we buy and receive plenty that just ends up going to landfill. It can be a liberating revelation to admit to ourselves that others don’t really need ‘gimmicky’ Christmas gifts and neither do we.

2) Keep a Christmas present list
For people who don’t enter into your no-present pact, writing a list will give you a clear idea of what you need to buy. As well as avoiding traipsing through various shops by giving you a precise idea about exactly what you need, it means you won’t overspend by ‘panic-buying’ gifts at the last minute.

3) Use your vouchers and loyalty points
Christmas is the perfect time of the year to use any leftover or unwanted vouchers and loyalty points. It is amazing how much you can accumulate in points throughout the year that you can be unaware of. With that many loyalty cards sitting in people’s wallets nowadays there is bound to be some points ready to be spent. Also, if you were given a gift card for your birthday or from last Christmas, and you are yet to use them, it could be the perfect opportunity to use these now before they go out of date.

4) Send your cards second class
Even small savings add up to make a difference. As the saying goes, ‘look after the pennies and the pounds will look after themselves’.

A standard first-class stamp now costs 67p, whereas a second-class stamp costs 9p less at 58p. If you send 50 cards out at Christmas, this will add up to £4.50 saving. This might not sound much, but trimming your Christmas spending down in plenty of places will add up to a substantial amount.

Whatever you’re buying this Christmas, being thrifty never hurts. Thinking carefully about your choices and starting early are the easiest ways to make savings.

Reference – BL047 – Dec – 18

Call us and one of our team will be happy to help or arrange a call back
Meet Our Team

Speak to a practical and experienced financial advisor

Get in touch with a member of our team

Meet Our Team
Get in Touch

Find out more about our range of service.

For further details please contact us.

Get in Touch
Visit Us

We have locations in both London and the North East

Newcastle | Richmond | Northallerton | London

Visit Us

Regulatory Statement

Gale and Phillipson Investment Services Ltd, Gale and Phillipson Advisory Services Ltd, Gale and Phillipson General Financial Services Ltd are all authorised and regulated by the Financial Conduct Authority (Reference Numbers 431387, 142752, 195080) and trade under the name Gale and Phillipson. Gale and Phillipson (SE London) Ltd is authorised and regulated by the Financial Conduct Authority (Reference Number 195522) and trades as Indigo Financial Advisors. Registered in England and Wales numbers 05409822, 02232959, 03751076 and 04077157. Registered office: Gallowfields House, Fairfield Way, Richmond, DL10 4TB.

Google Analytics Alternative