Think Money, a leading financial solutions company, has outlined some practical steps households could take this year to have an affordable Christmas.
The advice follows research from comparison website uSwitch.com, which revealed that 26% of people are thinking of replacing Christmas gifts this year with an ‘IOU’.
What’s more, 39% of those people are taking such steps because they just can’t afford to cover the cost.
Although people struggling with debts should make getting debt management advice a priority, there are steps families on strict budgets could still take to celebrate Christmas – but at an affordable cost.
A spokesperson for Think Money commented: “You don’t really need to spend lots of money buying decorations or a Christmas tree – after all, Christmas only lasts for a few weeks every year. As long as you store your decorations well, you could re-use them rather than throw them away.
“If you do need to buy new ones, visit discount stores for offers. You may even decide that an artificial Christmas tree is worth the investment.”
