Prepare for the Festive season by opening a Christmas Saver!
Hey, guess what?! Christmas Day will be 25th December again this year!
It happens every year, yet it still catches us by surprise. December is likely to be an expensive month, so now is the time to start cutting back a little bit and start saving. The more you have save ready for Christmas the easier your Christmas will be – why not join many of our members by saving regularly with our Christmas Saver?
You can only withdraw Christmas savings between 1st October – 31st January
If you think things might be a bit of a stretch this year then a credit union Christmas Loan can help spread the cost of Christmas and take care of some of the stress.
The Christmas season can be stressful; family get-togethers, Christmas Day dinner, parties, presents to purchase, entertaining the kids, feeling short of money and bills to pay. The more organised you are then the easier it will be.
Here’s our top Christmas tips!
Budget– we know you don’t want to, but making a list of things you will need for Christmas and estimating how much they will cost is a great way to have a Happy Christmas. Our Christmas Budget sheet is your starting point.
Cut back now – now you’ve seen how much Christmas will cost in your budget, now is the time to cut back on your other spending now, so you can save towards Christmas. Our Christmas Club is a great way to put money aside
Shop around – last minute panic buying can be expensive, start your Christmas shopping early and shop around. Can you get the gifts you want cheaper elsewhere?
Ask – do you know what people want for the Christmas gifts? Just ask; they may already know what they want. Remember to tell them your budget for their gift.
Second hand is OK – Kids toys too expensive? There are loads of ways to get what you need cheaper or even for free: Freecycle, Loot, Gumtree, eBay. However be wary of purchasing used electrical items due to unknown safety.
Friends and family – make an agreement to buy for kids only, not the parents. Much cheaper and less stressful
Travel – visiting family and friends over Christmas? Book train tickets or flights early as this is usually cheaper.
Santa letter – Have your kids written to Santa yet? The address is: Santa/Father Christmas, Santa’s Grotto, Reindeerland, XM4 5HQ. Your letter must arrive by Friday 9th December so Santa has time to write back (with some help from Royal Mail)
Sales – Keep an eye out for the pre-Christmas sales – there might be some bargains
Memories are worth more than things – book an event, theatre, show, theme park, etc. as a family gift everyone can enjoy and remember
Cash is so 1990’s – help your kids learn how to manage their money with our Smartcash account complete with Visa debitcard, smartphone App and parental controls. Available for 8-16 year olds.
Christmas Day doesn’t have to be 25th December – if you’re struggling to meet with family or friends on Christmas Day, that’s OK, why not hold your ‘Christmas Day’ the week before?
Budget – Did we mention that already? Budgeting is for life, not just for Christmas! Now is the time to sort out your family finances, use the budget planner to help keep on top of your money.
Registered office: Derbyshire Community Bank, CUBO, The Old Post Office, Victoria Street, Derby, DE1 1EQ. Erewash Credit Union Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered number 432447. Registered Company No. IP00730C on the Mutuals Register.