Helpful hints - Money saving ideasDollars and sense
- Before you hit the shops, make a list of what you will need for your food menus, as well as a list of gifts for each person with a suggested price range.
- Credit cards are convenient for shopping over the internet, particularly if you want to avoid the Christmas crowds. Always shop at secure sites and keep a record of your transactions – and be sure not to let the prospect of a bargain tempt you to overspend.
- Allow plenty of time to do your Christmas shopping to avoid last minute purchases at expensive 'open-all-hours' stores.
- Not all gifts have to be store bought. Home made gifts like potted plants can be an inexpensive alternative.
- Chase shopping opportunities. Purchase discounted gift items throughout the year and store them until Christmas. Or take advantage of lay-by specials where the retailer holds the goods for you until Christmas Eve.
- Some financial institutions offer 'Christmas Club' savings accounts. These are a good way to avoid taking on debt for Christmas shopping, but the interest rates are generally low. Consider putting your money into an online bank account. They pay high rates, are generally fee-free and your money is at call. If you avoid the temptation to dip into your savings these accounts offer a far better opportunity to let interest income build your savings.
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