10 Helpful Tips for Managing Your Money at Christmas
Written by
Georgina, Founder of Purpl
Published on
November 29, 2024
The festive season can be a joyful time, but it’s also notorious for putting a strain on your wallet. To help you enjoy Christmas without financial stress, here are 10 practical tips for managing your money:
Set a Realistic Budget
Decide how much you can afford to spend this Christmas on gifts, food, decorations, and travel.
Use apps or a spreadsheet (or a good old pen and paper!) to track your spending and stay on top of your budget.
Avoid last-minute shopping sprees by planning and buying gifts throughout the year or months in advance.
Look out for sales like Black Friday to grab bargains early – we have tons of great Black Friday discounts, deals and offers for the disabled community!
Stay Safe from Scams
Black Friday is prime time for scammers. Look out for fake delivery notifications. Make sure to use trusted and well-known sites. Always check tracking information directly on official websites and avoid clicking on any unexpected links or requests for personal information. AbilityNet has produced some great information about internet scams for disabled people and how to avoid them.
Use Cashback and Discount Apps
Use Purpl to find discounts on your purchases.
Many supermarkets and online retailers also offer loyalty points that can be redeemed during the holidays.
If you have your utilities with Utility Warehouse, you can use their cashback card to save money on your monthly bills whilst you do your Christmas shopping this year!
Consider Experience Gifts for Loved Ones
Does your Uncle Jeff really want another jumper this year? Think about experiences for gifts that loved ones will really want and not be returning. We have some incredible disabled discounts for just for Purpl members!
Consider organising a family winter walk instead of expensive dinners out, treat the family to some toasty socks from heat Holders with a Purpl disabled discount, and then come home to a hot chocolate treat.
Enjoy a pamper day without leaving the comfort of your own home by making your own home spa, we have some great disabled discounts with our brands such as:
Avoid taking on high-interest debt for Christmas shopping. If you must use credit, opt for a 0% interest credit card or ensure you pay off the balance quickly.
Steer clear of payday loans or buy-now-pay-later schemes that can trap you in debt.
Using a credit card can be handy for larger purchases. Your card provider may be able to help if something goes wrong with a purchase over £100. Whether it’s faulty or never arrives – it’s handy to have extra protection for your money.
Open a Christmas savings account or use a tool like Plum or Monzo Pots to save gradually for next Christmas.
Many retailers in the UK, like Argos and Tesco, offer Christmas savings clubs to spread costs over the year.
Sign up to receive the Purpl Newsletter and join the private Facebook members group and of course, bookmark the Purpl website to keep up to date with all our latest discounts, deals and offers!
Do you have any other hints or tips about managing your money at Christmas? Join the private Purpl Facebook group and chat with new friends, also you can get the latest discounts and deals from us!
