Christmas Saving Tips

A MERRY CHRISTMAS DOESN’T HAVE TO BREAK THE BANK –
CHRISTMAS SAVINGS FROM MANCHESTER CREDIT UNION

The festive season is full of joy but can also bring financial stress. Purse strings are tighter than ever and with inflation continuing to bite and wages struggling to keep pace, everyone’s looking to make savings wherever possible to avoid having finances interfere with festivities.

Here are some practical tips to enjoy Christmas while staying within your budget.

Shop second-hand

Vinted, eBay and charity shops are treasure troves for gifts and festive outfits, so don’t feel pressured to buy brand-new. Pre-loved items are unique, more sustainable, and won’t break the bank.

Free Festive Days Out

Not every Christmas activity has to cost a fortune. To get into the festive spirit without spending hundreds of pounds on tickets and hours in queues, check out local carol services, festive light displays, or free Christmas markets.

Ignore Social Media Pressure

Perfectly posed photos of families in matching pyjamas, decorations fit for a department store, and a mountain of gifts are not a reality for most people – and they’re certainly not a requirement for a joyful Christmas! Instead, focus on what matters most: time spent with loved ones.

Customise Your Festive Menu

At this time of year, TV adverts portray Christmas dinner tables overspilling with luxurious – and expensive – food and drink. Remember, you should shop according to your tastes. You don’t have to put on a feast fit for a king, and if certain festive dishes aren’t to your taste, skip them! Avoid wasting money on food you won’t enjoy, and plan your meals based on what your family loves.

Be Strategic with Cyber Weekend Deals

Deals are everywhere during Black Friday and Cyber Monday, but only buy what you truly need. Make a list to avoid becoming overwhelmed by offers and be strict with your purchases. You can also use price comparison websites like Camel Camel Camel to track prices and ensure you’re getting the best deal.

Avoid ‘Buy Now, Pay Later’ Traps

The opportunity to buy now and pay later might seem convenient, but at the beginning of the year, when things are already tight, it can lead to unwanted financial pressure. Stick to your budget and spend only what you can afford upfront.

Maximise Loyalty Cards

Supermarket and retail loyalty schemes can help you earn points and discounts on your festive shopping. Members can often get free delivery, early access to sales or special discounts. Plan ahead to maximise savings and consider pooling your points throughout 2025 to help with next Christmas’ expenses.

Start Saving Early

Joining a credit union can help you build a Christmas fund throughout the year, making December less financially stressful. Take control of your expenditure concerns by regularly saving money in a dedicated Christmas Saver Account. Start saving from January to maximise the funds available to withdraw to pay for Christmas.