How to stick to a budget this Christmas and avoid stressing out about money

Christmas is fast approaching and yes, we’re excited.

But along with all the festive joy of the season, this time can also bring financial stress and overwhelm.

It’s important not to get into debt or a money panic pit for the sake of this one day.

The good news is there are lots of ways to enjoy a magical time without it wrecking your finances for the months ahead.

I’ve created some free Christmas planning and budgeting printables for all of your budgeting, planning and organisation needs but be sure to follow these tips, too, to keep you out of the unwanted red this festive season.

Remember, it really is the experience of Christmas that is special, not spending money you don’t have on Christmas presents or going all out on your decorations to impress.

Write everything down

Write down everything you will need to pay out for over the coming weeks.

Not just presents but food, transport, lodgings, drinks, nights out etc.

Don’t get caught out with additional costs that you weren’t expecting such as food for hosting or presents for relatives you might now be seeing due to new bubbles.

Now you have your budget try and cut it back to the essential things. If it is too much for what you have set aside, then look at the areas you can reduce costs on.

How to save money on Christmas gifts

Think about cutting back on gifting – perhaps just buy for the children in the family and not the adults. Or opt to buy for only one adult of the group – who doesn’t love a secret Santa?

If you’re in a couple maybe gift something your partner needs and would buy for themselves anyway but that could serve as a gift. This way you’re spending on things that might fall within your yearly budget and that are useful.

Make most of 2-for-1 deals and spread the presents out between people.

Buy items throughout the year when they’re on offer and store until the big day. Or if you aren’t seeing the people you’re gifting until after Christmas then grab them in the Boxing Day sales.

Don’t pay full price for things that are on offer throughout the year. When you do buy, don’t forget cashback on all purchases and voucher codes for even bigger discounts.

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