Many of us worry about overspending or are already struggling with money. We love the festive spirit, but the true value of the holiday season is in the memories made.
Ease the cost of Christmas
It is so easy to fall into debt trying to make the season perfect. Here are our top five tips for dealing with debt or money worries at Christmas.
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"What if Christmas, he thought, does not come from a store? What if Christmas, perhaps, means a little bit more?"
1. Check your budget
Know what you can really afford before you start spending. A clear budget = less stress. Read our handy budgeting guide to get started.
2. Shop smart
Grab deals but stick to your list. Don’t let offers tempt you into buying extras you don’t need. Compare prices so you know you are getting the best deals.
3. Gift with care
Set spending limits or try Secret Santa. This helps make things affordable and reduces clutter and waste. Talking openly with friends and family can ease the pressure for everyone. They may want to reduce costs too!
4. Plan ahead
Start saving for Christmas 2026 in January. Even small amounts add up and make next year easier. You could even buy what you need early to avoid the festive rush and increased prices.
5. Think carefully before you borrow
Credit cards and buy now pay later can lead to a debt hangover. They can cost you more over time because of the interest charged. If repayments will be tough, skip the credit and protect your peace of mind.