How to Spend Less at Christmas


It’s easy to let Christmas spending get out of hand. Don’t get carried away; instead read our tips on how to spend less at Christmas and still enjoy yourself without feeling like you’re scrimping.

  1. Check prices online before you hit the stores. Do some comparison shopping so you know where to go for the best deal. Certain things may also be cheaper online, so if there’s free shipping available you won’t even need to venture into town.
  2. Look for discount codes and vouchers online. Try a quick Google search or check the Facebook and Twitter pages of the stores you’re planning on shopping at as they may have posted deals there.
  3. Have a plan – know how much you’re going to spend and who is getting what. If you set a budget for all of your presents and have a list, you’ll be less likely to overspend.
  4. Take advantage of Black Friday and Cyber Monday offers. This is no longer an exclusively American event. UK retailers have embraced Black Friday, so there are plenty of savings to be had. If you’re brave enough to endure the crowds, you could score some great deals on things like clothing and electronics. But fear not, you don’t have to leave the comfort of your own home to take advantage. Here’s a list of the major Black Friday sales this year.
  5. Use a rewards card such as our Engage card to earn cashback on your Christmas purchases from major retailers such as Argos, M&S, Debenhams and ASDA. Click here to learn more:
  6. Have you signed up for rewards cards such as the Tesco Clubcard and Boots card like we recommended in our blog post about saving money? Now is the time to spend all of the points you’ve accumulated. You might be surprised to find out how many points you’ve earned!
  7. Avoid signing up for store credit cards as they usually have very high interest rates. They will try to lure you in with free gifts and discounts, but resist the temptation! The risks are not worth the reward.
  8. Instead of buying presents for each and every one of your friends and coworkers, set up a Secret Santa. You’ll save a lot of money only having to buy one present, and the element of mystery makes it a lot more fun.
  9. Even if you’re not the best at crafts, you can still make Christmas gifts and decorations to save money. Instead of buying an expensive hamper, put one together yourself. Get the kids involved and make baubles and stockings. Check Pinterest for inspiration. After all, Christmas should be about spending time with each other, not having the most expensive gifts and decorations.
  10. January is the time to stock up on stuff for next year. Get things like wrapping paper and decorations on clearance and even find presents to save for next year or upcoming birthdays. You’ll thank yourself next Christmas for being prepared.

Need some extra cash this season? Apply for a Christmas loan with us. Borrow £500 over 52 weeks for £11.50 per week*. Click here for more details:

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