If you plan on enjoying Christmas without adding on a huge debt, then you have to start planning for it in advance. During Christmas, people buy presents, go out for fancy dinners, visit relatives, etc. There is no way you can have so much money to do all that you desire with your monthly income. You need to start saving for Christmas well in advance.
Buy presents in advance
Plan what you want to buy for your loved ones and buy them in advance. You cannot wait for the last minute. There is a good chance that you may not get what you are looking for as well. You need to shop for the Christmas gifts in advance. You can start a Christmas fund to buy gifts. If you have a credit card, there is a good chance that they will offer a new discount for Christmas. You can take advantage of it to buy gifts for your loved ones. The purchases will earn you points which can be redeemed for purchases at a later stage.
You can maximize your cashback
If you have a cashback credit card, you can use it to make all your Christmas purchases. You will earn up to 10% on your spend. But, you must be careful to pay back your balance in full each month, otherwise, it will end up costing you a lot. Ensure that you are gaining from your cashback credit card before you get one. You can get up to 50% off at cinemas and 10% cashback at supermarkets, etc.
Book your tickets in advance if you are flying back home
If you are sure that you are visiting your home, it is advisable to book your tickets way in advance. The tickets will cost you less and you will not be overpaying for the ticket. You can use the air miles credit cards to book your travel tickets.
Plan your Christmas day dinner in advance
If you want to eat out on Christmas day, you will have to book a table in advance. You can take advantage of the early bird discounts and maximise your savings. Some credit cards offer various discounts on meals and bookings. But, some credit cards have blackout dates, you must check them in advance before booking.
Shop with your credit card
Most supermarkets offer great discounts and offer during the Christmas time. You can get additional benefits when you use a credit card. By using the credit card at supermarkets, you can earn more rewards and points.
Christmas is the time that you spend more on yourself and your family. It needn’t burden you financially, careful planning will ensure that you do not overburden yourself. You can use your credit cards for most of the things as you can earn more rewards which can be redeemed on a later date.