The countdown to Christmas is on and with the prospect of looming social events and gifts to buy, the festive season is one of the most expensive times of the year, and many people will often feel the financial burden long after the celebrations are over and January arrives. It should come as no surprise that the star of the new year is the busiest time for debt help charities, with people struggling to cope with the December blow out. Despite the lingering cost of living crisis, people are expected to spend an average of £600 on Christmas-related products and activities.
However, if that seems a bit extravagant and you’re looking for a quick way to save with less that 60 days to go until Christmas, money expert Markus Lindblad from Haypp shares some simple tips to ease the financial burden and give your bank balance a boost. Some of these tips involved giving up a costly habit like drinking, buying coffee or lunch on the go or smoking. However, on the practical side, cutting down the weekly food shop or swapping out big brand names for store own labels, can help boost your finances .
Going tee-total might just be the trick to getting you a bit of extra cash just in time for Christmas. On average Brits spend around £15.30 a week on alcohol, if you multiply this by the eight weeks left until Christmas Day, you can save over £100, £122.
40 to be exact, just by not drinking alcohol. Not only will it benefit your bank account, but it will also make that Christmas Day drink t.