Debt report banner

How to avoid excessive Christmas spending in 2021

  • Sharon McDougall -
  • 15th December 2021 -
  • 2 minutes to read

Tips on spending what you can afford this festive season

It’s very easy to overspend at Christmas and also difficult to deal with the aftermath in the New Year, so don’t let Christmas 2021 lead to financial stress in 2022. Avoid excessive spending and you’ll start the year financially healthy.

Here are several tips to help you stay on track with spending this Christmas. It’s all about thinking ahead, writing out a budget, and making use of technology to get the very best deals.

Start with a budget (and a list)

Make a budget for all your Christmas spending, including food, presents, wrapping paper, and anything else you need. Also write a few lists - the people you want to buy presents for, food and drink, and entertainment over the festive period.

Your budget will inform how much you can spend, so you stay within your means. It can be difficult to stick to a rigid budget, though, and we all have a tendency to overspend on loved ones at Christmas, so try a new arrangement with family and friends - Secret Santa.

Secret Santa for controlling spending

Secret Santa is a popular way for work colleagues to buy presents for each other, but it can also extend to the family or friends you’re seeing at Christmas. It’s a fun activity that immediately removes some of the financial stress. 

You can decide who is included in the group, set a spending limit for each other, and then you all pick one name out of the ‘hat.’ Buy that person a gift within the set spending limit and you have an efficient way to help everyone avoid overspending this Christmas.

Compare prices online

Price comparison sites including PriceRunner¹ and Kelkoo² give you a head start in saving money. Prices vary widely between retailers, especially at Christmas, so use the power of the internet before you shop, whether that’s online or in-person.

Also look out for ‘price promises’ or ‘price guarantees.’ If you do happen to buy an item, and later find you’ve overspent, your retailer might be able to refund the extra if you can prove the lower price exists.

Use cash back websites

Cash back websites such as Quidco³ and TopCashback⁴ offer money back when you spend on goods and services through their sites. The cash back amount is typically advertised as a percentage, and varies with different brands or products.

Major retailers and smaller outlets both associate with cash back sites in order to extend their reach and boost sales. As you would be spending the money anyway it’s a great way to save, and very surprising how much you can receive back over time.

What if you do overspend this Christmas?

If you do spend too much money this Christmas there are various supportive debt measures available in Scotland that can help you turn things around. The government’s Debt Arrangement Scheme (DAS) is just one example, and helps people pay off debt within an affordable instalment plan.

Speak to a debt advisor or licensed insolvency practitioner to find out the most suitable options for you. The most appropriate depends on your personal circumstances, including income and overall levels of debt.

Scotland Debt Solutions has been helping Scottish residents deal effectively with debt since 1989. We can help you avoid excessive spending this Christmas, and deal with any existing debt. Please contact one of the team to arrange a free, same-day meeting.

Sharon McDougall
Sharon McDougall
Manager
About

Why Choose Us

Speak Direct With
Speak Direct With
A Qualified Adviser
We Don't Operate
We Don't Operate
Call Centres
5 Offices in Scotland
5 Offices in Scotland
National Coverage
Ask us About
Ask us About
Free Home Visits
Fully Regulated Advisors
Fully Regulated Advisors
From a Reputable Firm
Helping Scots Get
Helping Scots Get
Out of Debt Since 1989

We'll give you a call

Our Scottish based team can help advise you on your debt problems.

Here at Scotland Debt Solutions we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See our Privacy Policy.
Tools

Useful Tools

Personalised Debt Report

Personalised Debt Report

Our personalised debt report will help you better understand your financial position and see where your money is going.

Free Scheduled Call

Free Scheduled Call

 Arrange a call with an expert advisor at a time to suit you.

Find a Local Office

Find a Local Office

We have five offices located across Scotland. Find your nearest one here.

OUR SERVICES

We can help you with...

Sequestration

Sequestration

Sequestration is the Scottish version of bankruptcy and may be suitable for you if you do not have the money to pay back your debts

Trust Deeds in Scotland

Trust Deeds in Scotland

A Trust Deed involves making a monthly contribution to your debts for up to four years. After this time any remaining debt will be wiped out.

Debt Arrangement Scheme (DAS)

Debt Arrangement Scheme (DAS)

A Debt Arrangement Scheme (DAS) lets you pay off your debt through a series of manageable instalments over a reasonable length of time.

Business Debts

Business Debts

Whether you are a sole trader or a limited company director, we can help you work through your current financial problems including money owed to HMRC

Close Menu Share with a Friend

Send this page to a friend

via Whatsapp via Messenger via Messenger via Email
Make sure you have WhatsApp installed.

Copy link to clipboard
Close

This site uses cookies to monitor site performance and provide a more responsive and personalised experience. You must agree to our use of certain cookies. For more information on how we use and manage cookies please read our PRIVACY POLICY