Cutting the cost of Christmas in under 100 days

With Christmas Day just 95 days away, many people are now thinking (or dreading) their Christmas shopping.  But as inflation continues to rise and the price of everyday household items increases, many people will feel the squeeze.

Luckily many retailers have begun special offers and deals starting now. The cost of an unsecured loan is also at an all-time low, so lenders are really trying to ease the burden on the festivities.

This year Halfords are offering bike finance options for all bikes over £399, so if this is on your children’s Christmas list it’s a good deal. You can select the bike now and pay for it later; spreading the cost over a 12 month period, and even better, it is interest free!

Top toy retailer ToysRUs has again brought back its Christmas payment scheme “Take time to pay”.  Under this scheme customers can pay in advance over a set period of time as opposed to afterwards, which helps with budgeting.

Any Tesco Clubcard holders can receive up to a £12 bonus if they pay into its Christmas Saver Scheme by 17th October 2017. The idea is to ‘top up’ and receive additional bonus payments from the retailer for doing so, bonus payments are as follows:

  • £25 – £49.50 top up = £1.50 bonus
  • £50 – £99.50 top up = £3 bonus
  • £100 – £199.50 top up = £6 bonus
  • £200 – £360 top up = £12 bonus

Similarly, ASDA also have a Christmas Saver Card which can help you save a whopping £144, with bonuses of between £1-6 depending on the total on the card in November.

It’s a good idea to apply for as many schemes or cards as you want, but remember there has to be a set amount or qualifying amount before any bonuses or vouchers are received.

The Post Office Budget Card can also be a good way to save anything from £2-£250 before the festive rush. From 1st November 2017 until the 31st January 2018 cardholders can buy gifts with a Budget Card at over 22,000 retailers, including Argos, Debenhams and online stores including Amazon.

If you are still struggling it may be worth looking at an unsecured loan to see you through the festivities.  The lowest rates are currently just 2.8%, so it is much more competitive than a credit card.