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How To Stay Out Of Debt This Christmas

Hey Cats,

Christmas is a magical time of year but it can also be really stressful as it revolves around spending money. So I am going to give you some tips on how to stay out of debt this Christmas. I am all about money saving especially with saving for a wedding.

Set A budget

We spoke about budgeting the other day and ways you can make sure you stay within that. Make a list of all the people you want to buy for and I am sure it would be super long. Then look at the list again and think about who you really need to buy for? So many people go crazy buying presents for people that genuinely don't expect anything and you can still get then something little with just as much impact. Use this list to set a budget for each person on the list with a budget in mind it is fun to see how creative you can get and you're less likely to go off track and spend more then you should.



Try Handmade

With Pinterest there is a world of ideas you can try out for the ones you love and sometimes we all have hidden skills. If you are a baker make little cake snack packs or trifle jars, you can make them look so pretty and nobody will be disappointed with cake at Christmas. You will find them asking you for the recipe in no time. Other things you could make are your own jams or biscuits or if you are more of a crafter make something useful they can use every day. If you have never tried making anything in your life just remember to keep it simple and you will get amazing results plus you can turn it into a family activity and get everyone involved. Handmade gifts show that person you took the time to make something just for them and that adds a lovely personal touch. Good housekeeping also have a huge list of easy DIY Christmas ideas you can check out.

Spend Within Limits 

A lot of people take out a loan around the holiday season and there is no problem with that as long as you make sure you shop around for the best deals and follow an affordable payment plan. You can find lots of personal loans online with really fair repayment schedules and if you want to improve your credit rating this can be a great way to build it. Make sure you only borrow what you need and can pay back and spend it within your limits.



Pay Your Bills First

This may seem like an obvious one but Christmas is a time when people choose to skip out on bills to pay for presents and this is not the way to do it. Pay all your bills first even the ones that don't seem that important or you will end up in financial trouble in January. Your family and friends will understand if you can't afford to buy presents and that is OK!  Look at what you have left and use that to set your budgets you will be surprised what you can do with so little.

Shop Around

Keeping those budgets in mind the smaller and bigger ones always shop around and find out if there are any current deals on. I always use sites like Topcashback and actually get money back on what your buying. Most retailers even Etsy and Ebay are on there. You can also find some amazing bargains in discount stores they have really upped their game and you can buy the perfect little things to make a hamper. Look online to see what the prices are like even if you're going actual shopping because it will not also save you time but money too.

What are your money saving tips this Christmas?




*collab

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