Christmas and credit cards are a deadly mix for many. How can you avoid overspending at this time of year? It’s probably too late to say “save for it” but remember this for next year. Christmas doesn’t come as a surprise so plan for it at the beginning of the year!

Don’t you think it comes along far too quickly? Christmas, I mean. And the fact is that the older you get the quicker it seems to arrive.

The last few years have been tough for many so no doubt others are in the same position as you so will be happy at your suggestions of gift giving this year. Here are a few…

• Rather than feeling pressured to buy separate gifts for each family member suggest that everyone brings one gift to the family dinner. Limit the spend on the gift to say £40 and state that it must be for male or female and must start with a letter of the alphabet for a bit of added fun. The gifts are then chosen in a random draw so that everyone gets a gift. This is great fun and a little like a luxury lucky dip. Who doesn’t like the surprise of a lucky dip? Depending on how many in your family gathering there is a potential to save a lot of money.
• Another way is to put everyone’s name in the hat and each family member must draw a name and buy a Christmas gift for that person. Once again put a limit on the amount to spend. This way you can still be personal with what you get the family member.
• Club together and each member puts £5 to £10 towards something special for your grandmother, mother or chosen person. This way you can get something really special without spending a lot of money.
• Do you get reward points on your credit cards? Cash some in for gifts at no cost to you. Also if you need cash you may be able to sell the item on eBay or TradeMe and spend the cash on something else — like paying off debt.

Christmas may seem to feel as though it’s all about crowds, gifts, shopping, and stress, but remember that time with family and friends doesn’t cost anything. Don’t forget what Christmas is all about. It is about time with family and friends.

Remember to plan for Christmas next year as in 12 months it all starts again.

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