During the winter months and Christmas festivities, we all find this time of a year a strain on finances. From present buying, social events and the usual bills, which are mostly increased during the winter as we crank the heating up more, spend more time at home and use more energy in general.
We have found some helpful tips to help budget and save where possible during the Christmas period!
There are so many schemes out there to help you budget throughout the year, put money in separate pots and store savings in time for Christmas. However, if you are sitting there thinking oops I haven't saved all year and now Christmas is daunting upon me, the cost of living crisis and forever increasing energy bills are getting me down, you are not the only one.
- Utilising black Friday sales, looking for multi-buy offers and setting a present budget limit is the most important tip to take on board. We all love the gift of giving, however loved ones would much rather spend quality time with you than see you get into debt. Take time out to enjoy a festive walk, grab a coffee, plan an event for 2024 that doesn't have to cost an arm and a leg!
- Watch TV for free! Most streaming platforms offer a months free trial over Christmas, just don't forget to cancel the subscription in time!
- Get baking or creative- thoughtful gits with effort made go a long way!
- Dig out old decorations, jazz them up a bit instead of buying new
- Look at your banks cash back offers, shop wise where you can
When it comes to saving on energy, look at small changes that are cost effective such as drawing the curtains to keep the heat in, fitting draught excluders to doors and windows.
Look at water tank insulation jackets to keep your hot water tank cosy, choose central heating over electric heaters and keep the doors closed between heated and unheated areas.
We can all have fun this festive period without breaking the bank!
You might also be interested in
World Earth Day 2024
How to make your home greener? Install energy efficient lightbulbs Use appliances such as air fryers and slow cookers to cook meals Recycle and re-use items, even the smallest bit of plastic can be recycled Conserve water where possible and avoid chemicals going into the water way by disposing of them correctly Take re-usable shopping bags when you go shopping Unplug appliances when you're not using them Hang clothes to dry instead of using a dryer Go paperless on bank/bills We can all play a part in making the world a greener/safer place and making small sustainable changes.
Are you, your friends or family struggling to remortgage? Our in house mortgage advisor can help! There is a new mortgage offer in place whereby the basic criteria is: Must be married, you can use your partners income to top up how much you can borrow. Borrowing up to 70% loan to value Best part is, your partners income does not need to go on the mortgage or application. How does it work? Illustrative example: Mr Smith buys a property in his sole name with an income of £30,000.00 per annum, Mrs Smith is not named on the mortgage however earns £20,000.00 per annum, we use 50% of Mrs Smith income within the affordability. A total income of £40,000.00 to be used in the affordability based on 2 adults living at the property. Miss Johnson wants to remortgage her property and has an income of £45,000.00 per annum, her partner Mr Taylor who is not named on the mortgage but living at the property earns £35,000.00 as a self-employed plumber. A council tax bill is provided as evidence that Mr Taylor resides at the property. £62,500.00 to be used in the affordability Get in touch today to speak to our inhouse mortgage advisor.