- Make a list and check it twice – make a list of everyone you need to buy for and allocate a price limit. Pre-plan what you’re going to buy each person to avoid impulse purchases. Planning is the best way to stick to your budget.
- Pre-plan your presents so that you can purchase them in the months leading up to Christmas to avoid one massive hit to your bank account right before Christmas.
- Search for sales – big discounts can be found at retailers in the lead up to Christmas.
- Look online for deals – if you’re purchasing online try to purchase a few presents from the one store to minimise delivery costs.
- Suggest Secret Santa to your family or friends – everyone is allocated one person and a budget is allocated for you to purchase a present for your nominated person.
- Share the load – if Christmas lunch is at your place, why not ask everyone to bring a dish? This won’t only share the cost but share the work for preparing on the day.
- Strapped for cash? Why not have a spring clean and sell any unwanted items on ebay or Gum Tree.
- Start saving early – At the beginning of 2018 setup a separate bank account where you transfer a budgeted amount for example $20 a week and by the time you reach Christmas you would have approximately $1,000 saved up.
- Do your research – search products online to see who has the best price. If there is a local retailer close by you can save on delivery costs by purchasing in store.