Everyone can benefit from being savvy with their money right now. The cost of living crisis is making it challenging for many people to make ends meet and Christmas is always an expensive time of the year, so it is easy to see why many are looking to be smart with their money. One smart way to use your money is to think ahead to next Christmas and buy your gifts in the sales in the new year. Keep reading to find out why.
Christmas Costs
Brands are smart and they know that people are willing to spend more on presents in December, which is why you see items cost more at this time of the year. This often means that companies have excess stock after Christmas, which is why you see Boxing Day and New Year sales.
Buying Next Year’s Gifts
Therefore, it makes a lot of sense financially to buy your present for Christmas 2023 in the sales after this year’s Christmas. While Christmas 2023 may seem a long way off, you will find that you could make significant savings and avoid having to pay an excessive price at this time next year. It is hard to predict what is going to happen with inflation in 2023, so it is smart to snap up your gifts when they will be at their lowest price point for the year directly after Christmas. Of course, this will also make the run-up to Christmas 2023 a lot less stressful!
Other Money-Saving Tips on Gifts
There are also many other ways that you can make savings when it comes to Christmas shopping. You should always shop around online and compare options as you can often save a lot by choosing the cheapest store. Additionally, many online stores have a discount if you register for their newsletter, which should help to bring costs down. You can also find Argos discount codes and other major retailers if you work in the health service.
Another way to make savings is to buy second-hand instead of buying new. These days, you can buy just about anyone second-hand online and you can make significant savings as well as find rare, unique items online. This is particularly good for clothing and furniture, so it is always worth looking on platforms like eBay, Facebook Marketplace, Depop, Vinted and GumTree before buying anything new.
The cost of living crisis is making it difficult for many to manage, especially when you consider how expensive Christmas can be. This is why you might want to take advantage of the sales after the holidays as well as use a few other tips and tricks to save money on the gifts that you buy for loved ones.
