Skip to main content

Tips to Keep Last Minute Costs Down This Christmas

Nov 16, 2017


It’s Christmas in just a few weeks and the pressure is on to spend on presents, food, drink and more. According to Money Advice Service, one in three people feel the pressure to spend more than they can afford at Christmas, but with a few weeks to go you can still rein in the costs.

On average, both men and women expect to overspend at Christmas. The Money Advice Service says that men will generally overspend around £325 more than expected and women will overspend £299. 

As the final weeks draw in, there are a few things you can do to tighten the purse strings and keep your overspend down to a minimum.

Keep Track
Keep track of your spending, especially in the last few weeks. What is your budget? How much have you left to spend? What do you still need to buy? Costs can spiral in the last few weeks so keeping tracking of your spending, and making lists of exactly what you still need to buy, will help keep costs down and restrict impulse purchases.

Shop Around
Don’t leave your final presents to the last minute and hit the high streets on Christmas Eve – shop around online first for the best deals. Compare prices online and in store – many shops offer free click and collect if you are heading into town and want to save on postage costs. Be careful of ordering last minute online, though – express delivery could make the present more expensive! 

Use Discount Codes
Before your buy, check the many websites online which list voucher codes and discounts for hundreds of retailers – as well as general voucher codes you could get a big discount on orders by signing up to retailer newsletters or downloading their shopping app.

Take Part in Secret Santa
If you have a large group of friends or family, perhaps you could suggest a Secret Santa this year so you can buy only one present? This might be too short notice for your super organised family members who have all the presents purchased already – but it could save you a fair bit. 

Save on Food and Alcohol
The cost of food and alcohol can add up quickly so economise on your trimmings and shop around for cheaper food. Think about how much you actually eat every year – do you end up with a fridge full of cheese and chutney? Is the sherry left untouched? You can check the cost of your food at to track the cheapest place to purchase your Christmas dinner from. 

New Year is just around the corner, think about saving in for 2018 with our range of saving accounts:

Our Savings Rates

Compare Now >

Mortgage Calculator

Find out how much you could borrow today Start now >