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  • Writer's pictureStacey Murtagh

5 Ways to Avoid Christmas Debt


Christmas is the time of year where we give and unfortunately for some of us our kindness can sometimes lead us to overspend. If 2020 has taught us anything, it is to value those around you and your health. But of course, it's only natural that you want to share gifts with each other to bring a little joy.


Here are my top tips on how you can manage your budget and avoid unnecessary debt, whilst celebrating Christmas.

  • Create a List: make a list of who you want to buy for. By making a list it helps you plan what you want to buy.

  • Budget: decide on a budget overall and then break it down per person. This is a great way to plan your gifts in line with your budget. I would also recommend having 2 budgets - 1 for gifts and 1 for food and drink shopping. Discuss with family and friends budgets so that you feel supported. Some families only buy for the children and not the adults or vice versa, or even a family Secret Santa. Try something that works for you.

  • Need versus Want: be conscious of the gifts you buy and try not to buy unnecessary gifts that will go to landfill. Ask yourself do they have meaning? Will the person find value in them? Will they last long or be used often? Don't just buy something because it's on offer.

  • Price Check: check online for price comparisons especially on more expensive items. There is an app called hot deals UK that helps you get discount codes and updates on reduced prices.

  • Gratitude: remember what the true meaning of Christmas is. This year will be different to previous years so make it fun with games, movies and above all family time as much as you can (virtually or in person).

I hope you find this helpful and enjoy your Christmas planning.

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