Ten Tips If You Are Cash Strapped For Christmas

Post by NeilMc on December 4, 2009 · Under Australian Economy, Featured Articles, Hints and Tips, Personal Finance, Self Help · Comment 

If it looks like you are going to be on tight budget this Christmas, no need to worry, here are 10 tips to help you make ends meet this Christmas.

If you think you are the only one wondering how to make ends meet this Christmas, don’t worry, you’re not, with just a few weeks left until the holidays, many of us are working on especially tight budgets this year.

The good news is that there are plenty of ways to save cash in the build up to the holidays, so here are ten tips to save money.

1.Design A Tight Budget

If you know it’s going to be a lean Christmas, then designing a budget that fits your finance is an important first step. You should take into account the cost of presents, food and decorations etc, and do your best to stick to it.

Draw up a frugal Christmas budget – factoring in the cost of food, presents, decorations etc – and try your best to stick to it. To get things started, sign up to the Manage on a small budget goal.

2. Look To Celebrate On The Cheap

If you intend to celebrate Christmas by dining out, then scope out a place that is inexpensive and fun to do it in first. Don’t make the mistake of deciding on somewhere without considering the cost first, and running the risk that your bill ends up tearing your budget to shreds.

3. Always Compare Prices

If you are doing Christmas shopping, then always look for the best price for the items you want, and using price comparison websites is an easy way to find the best deals out there.

4. Hunt For Vouchers

Before you go out and spend money online, you should hunt for voucher codes that can more often than not, knock down the cost of your shopping bill quite substantially.

5. Look For The Cheapest Travel Deals

If you plan on spending Christmas with family or friends, then there are a ton of travel deals online, and spending time finding good deals is a great way to save a little moolah.

6. Buy The Cheapest Petrol

If you are driving up to see your friends or family this holiday season, then check out comparison websites like motormouth.com.au to find the cheapest petrol prices in your area.

7. Look For Secondhand Bargains

Before forking over for brand new Christmas decorations or an new chairs to fit loved ones or friends who are joining you for a meal, you should see if you can hunt down a second hand Christmas bargain for a few dollars. It’s all out there, everything from clothes, furniture and other gift possibilities.

8. Find Inexpensive Recipes

If the catering bill over the holidays is breaking the bank, have a hunt around for inexpensive recipes. There are a ton of recipes out there that are both nutritious and yummy, using less expensive cuts of meat.

9. Make Your Own Presents

You don’t have to be Michelangelo to be able to make a thoughtful Christmas present for friends or family, and it’s a great way to spend some time, and can save you a ton of cash.

10. Make Your Loyalty Points Count

Lots of people spend all year saving up their supermarket loyalty card points, and then splurge during their annual Christmas shop. Loyalty points from supermarkets tend to be worth more if they are spent online rather than at the supermarket. So make them count and spend your loyalty points wisely.

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