Saving Money over Christmas and New Year

January 14th, 2012 Admin Leave a comment Go to comments

Even though Christmas and New Year is typically a time for letting go and having a bit of fun to celebrate the end of another year, it’s still important to think about your finances. This leads many people to looking for ways to save money over the holiday period. There are lots of things you can do, including scaling back some aspects of Christmas and considering a credit card ideal for balance transfers when the New Year comes…

Make savings now

With Christmas just a few weeks away, now is a good time to look for areas where you can make savings in preparation. For example, looking around now for your turkey is not only good practice in case they all sell out closer to the day, but it can also help you secure the best deals. You could also consider a slightly smaller bird – or a different meat altogether – to save cash without scrimping on quality.

Other tactics for saving money over Christmas include looking for good deals on gifts (three for two offers, for instance) and party goods (wine, anyone?). You could also consider making your own cards or reusing last year’s wrapping paper to save yourself having to buy new.

Plan for the year ahead

Now we turn our attention to New Year, which is the perfect time to make a fresh start and make sure your finances are all in order. For instance, if you have any cards with credit, now is the time to get them answered so you can look around for the card that best suits you. Balance transfer and interest free cards are two popular options.

Other ideas for saving money in the New Year include looking for better deals on your energy bills, setting yourself tighter budgets and considering ditching that expensive New Year’s resolution gym membership and going for a run outside instead.

Financial Freedom Expert