Present tense?
The fun can quickly evaporate from social events if you’re worrying about how you’re going to cover any additional expenses like gifts or travel.
Adam Bullock, UK director at Topcashback.co.uk, has some ideas to stretch your budget further if your diary is quickly filling up...
Offer your time or skills as a present
Adam suggests: “Perhaps you could help a loved one sort out their garden, babysit their kids, or cook up a nice home-made meal together. Friends and family would prefer to spend time with you, rather than you spend lots of money on them that you can’t necessarily afford.”
Regift unused items
Adam says: “Some see it as a taboo, but regifting can be an option if you have something you know you just won’t wear or use.
It’s far better than ending up in a landfill. Just make sure it’s still in good condition, and you’re not regifting to the person who gifted it to you!”
If you’re not keen on the idea of regifting, Adam suggests using cashback websites to buy gift cards as presents – so you can earn as you spend.
Gift thoughtfully
Some people may feel pressure to contribute to work colleagues’ leaving gifts.
Giving personalised gifts can be cost-effective – for example, compiling a book of photos and memories for the person who is leaving takes a bit of time and thought, rather than costing a lot of money.
Use tax-free childcare to help with holiday activities
HM Revenue and Customs (HMRC) reminds working parents not to miss out on tax-free childcare accounts, which can be put towards holiday clubs as well as other childcare providers.
Find out if you are eligible at gov.uk/tax-free-childcare.
Go off-peak
If you time trips wisely, you might be able to take advantage of discounts or offers at places like cinema chains or theme parks.