Tips to Help Tighten the Purse Strings For Christmas

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The following is a guest post by Grant Georgiades. Enjoy! 

Christmas is the time of year where families find themselves in serious debt. It is such an expensive time of year – from buying Christmas gifts to attending parties and having the children at home and keeping them occupied to grocery shopping. 

But, you don’t have to spend next year paying back debt from this Christmas. Tighten your purse strings and enjoy a debt free Christmas the easy way.

Hide the Credit Card

If you cannot afford to pay your credit card or store cards back within a short period, don’t use them. The interest you pay on your credit card can leave you paying back the whole of next year just because of one week of celebrations. If you can’t trust yourself, place your credit card in some water and pop it in the freezer, by the time you want to use it and pull it out and eventually chip all the ice away, you will have changed your mind.

Use Vouchers and Coupons

It’s the time of year when all the vouchers and coupons start pouring through the letterbox. Don’t be shy to use vouchers – you can save a lot of money in the long run. Grocery vouchers for family meals, discount vouchers for gifts and so much more. Take advantage of these now.

Are You Paying Too Much Insurance?

Now is the time to try and reduce your costs for next year, so plan ahead. Are you paying too much on your insurance? If so, shop around and try and get the best trade plan insurance policy at the lowest price, and save money looking forward.

Shop Online

While you may enjoy the thrill of wandering from shop to shop, you can save a large sum of cash this Christmas by shopping online. You can search for specific items, compare prices, and pay the lowest possible price. Take advantage of auction sites such as eBay and Half.com where you can find great deals for really good prices.

Recycle Your Old Phones

Are you one of the many that have old mobile phones lying around in drawers throughout the home? You can recycle them through a selection of companies and get a check back for your efforts, a little helping hand when buying Christmas gifts this year.

Secret Santa

You have a large number of friends and buying a gift for each friend can work out a really expensive exercise. So, why not have some fun with it and agree on a Secret Santa? 

Everyone pulls a name out of a hat and buys a gift for that person for the agreed price. This way, everyone gets a gift, and you don’t end up emptying your purse.

How about you all? What methods do you use to save some money during the holidays? 

Share your experiences by commenting below!

***Photo courtesy of http://www.flickr.com/photos/68751915@N05/6722570555/sizes/l/in/photostream/

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