Christmas is such a magical time of year, but for some people, Christmas can cause great financial burden and worry. If you want to reduce bills and enjoy the Christmas period this year, then follow these five handy saving tips:

1. Start saving early
It's never too early to save for Christmas; you should set up a Christmas saving plan long before the Halloween decorations go on sale! You could put your savings into a piggy bank or why not go one step further and set up an online Christmas savings account? If you leave the money alone, you might get some interest too. Some stores, like Asda, give you a bonus if you use their savings scheme.

Use cashback sites for any general purchases you need to make and you can use any money you make towards the cost of Christmas too.

2. Make a budget and stick to it
It can be tempting to buy that extra gift or extra turkey breast but is it really worth it? Set a realistic budget for every aspect of Christmas, including food and presents. Be strict with your budget between now and Christmas and never allow yourself to go over this number. 

3. Cash in on the pre-Christmas deals
Others might tease you for buying tubs of Christmas chocolate in September, but you'll be the one laughing when you come out with a bargain. Produce with a long shelf life can be much cheaper to buy before December, so stock up while these items are reduced. Put them in a secret cupboard so none of your family are tempted to open them early.

4. Consider secret Santa
We've all been there; panic shopping for last-minute Christmas gifts. Presents are a stressful and expensive part of the festive season, so why not consider secret Santa instead? You'll only have to shop for one person, which is handy when you have a large family. You can use a free online secret santa generator like this one.

5. Sell some of last year's gifts
Let's be honest, some Christmas gifts are terrible. You've never worn that Christmas jumper and those DVDs are still in their original packaging. Don't let them take up space in your home, sell them online and get some money. Start listing on sites like eBay or Facebook Marketplace now to ensure you have the money in time for Christmas.

To help you control your spending, use this free Christmas money planner from the money advice service. If you simply can't save money and are thinking of using more expensive forms of credit like doorstep or illegal lending, a small loan from Places for People Financial Services could help you spread the cost of Christmas more affordably.


reduce your food bills with our money-saving tips

Save money on food

Places for People Financial Services Limited is authorised and regulated by the Financial Conduct Authority with firm reference number 663756.

Credit will be offered subject to status. Your rate is fixed for the term of your agreement. Applicants are reminded not to commit any funds to expenditure until a loan decision is made.

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