Christmas Cost Cutters: Keeping Festive Finances In Check

Christmas is probably the most difficult time of the year to get frugal with your finances – yet recent research from uSwitch.com found that around 26% of people were considering replacing Christmas gifts this year with an IOU.

In a recent press release titled ‘Have yourself a cut-price Christmas’ Think Money suggests other ways you can make Christmas more affordable without sacrificing any of the festive fun.

Along with money saving tips for cash-strapped families their press release also encourages those with unaffordable debt to get expert debt advice before their situation worsens. Timely advice as a study by insolvency experts R3 suggests that 45% of people struggle to make ends meet by the end of the month.

Think Money’s website offers a range of debt solutions that include debt consolidation for people who simply need to lower repayments and simplify finances through to debt management plans and Individual Voluntary Arrangements for those with more serious debt problems.

You may choose to buy fewer gifts or wait for the January sales – whatever your approach to cutting the cost of Christmas, making your finances easier to manage is probably the best present you can give yourself at any time of year.