Don’t let Christmas spending drive you crackers
Get festive finances in order now and your pennies might stretch further, says VICKY SHAW
NOVEMBER is here already and you should really start thinking about Christmas planning. Unless, of course, you’re one of those hyper-organised festive types who starts preparing almost a year in advance, in which case you can just put your feet up and make a start on the mulled wine.
Leaving preparations until the last minute is risky though, it can mean paying top dollar, as you end up with no other choice.
So, whether or not you’re starting to feel even a bit festive, here are some tips for ways you could save some money now, to help make your budget stretch further when it’s time to celebrate...
GRAB A CHEAP TRAIN TICKET
THE savings can be huge by booking in advance – leaving you with more money to spend on ‘fun’ stuff this Christmas.
According to booking service Trainline, last year the UK saved a collective £21 million by booking their train tickets in advance, saving as much as £185 on popular routes such as Manchester to London. Those travelling from London to Edinburgh last year saved as much as £133 by booking in advance.
Trainline’s advance train travel booking window is now open, with train operators releasing their tickets for travel home this Christmas.
Based on last year’s searches for travelling over
Christmas, Trainline predicts that this year’s most popular Christmas journeys will include London to Manchester, London to Edinburgh, London to Birmingham, Liverpool to London, London to Leeds and London to Newcastle.
So if you’re planning to travel one of these routes, it could well pay to make sure you book well in advance
– as many other people will be searching for these journeys too. Advance ticket release dates vary by operator.
To make sure you’re ahead in the queue and have a chance of reserving a seat, Trainline has a free ‘ticket alert’ service (thetrainline.com/ ticketalert), enabling passengers to input their desired journey and be notified by email as soon as it becomes available.
There may also be discounts available if you’re travelling with a group over the festive season.
MAKE SHOPPING LISTS NOW
ONCE all the shops have Christmas music blaring out, it’s easy to get carried away and pile up your trolley with more stuff than you really need. To avoid having to throw mouldy mince pies into the bin in January, plan the food you really need to buy for the festive season, so you’ll avoid panic buying and over-spending.
Also, before the pressure of Christmas shopping really hits, look out for food bargains on the supermarket shelves which could be put in the freezer to keep them fresh for Christmas.
RESEARCH THE PRICES OF THE GIFTS YOU WANT TO BUY
DON’T just wait for Black Friday to look for price discounts – do your research now and shop around to see what prices are generally being charged now for the items you want.
This will give you time to monitor prices over the coming weeks – and swoop in when they drop.
With retailers’ prices often going up and down like a yo-yo, some of the “bargains” available during high-profile shopping bonanzas such as Black Friday and Cyber Monday may not be as great a deal as they first seem anyway.
Websites such as alertr.co.uk allow you to track products and receive alerts when the prices plunge.
MAKE SOME EXTRA CASH AHEAD OF CHRISTMAS
YOU could boost your budget by having a pre-Christmas clear-out and putting items up for sale on websites or loading your boot up and taking them to car boot sales.
Also, remember to make the most of retailers’ reward cards and cashback websites when you shop.
Switching your current account provider could be another way to make some easy cash.
For example, Royal Bank of Scotland and NatWest have been offering £150 to switch, while HSBC has also been offering sums of £75 and £175 to switch to its account range.
When choosing a current account though, it is important to make sure you will definitely be better off with the deal in the longer term, rather than just focusing on any up-front perks.
With switching offers, there will be certain time periods you’ll need to wait before you get your reward – but if the one you want is not in time for Christmas, it could come in handy in the New Year when budgets are really stretched.