Budget-friendly practices for November and December Budget-friendly practices for November and December

Budget-friendly practices for November and December

Published in Lifestyle on 8 November 2021 by our Marketing Team

At this time of the year, it’s only natural to be more conscious of your budget, with the Christmas holidays likely to leave many families and households short on funds in the following months.

One in three Brits will get into debt by overspending over the festive season, resulting in a total debt of £2.5 billion per year across the UK or £200 per person, on average.*
The most expensive outgoings are gifts and food, with £102 spent on food for the day itself and £70 on drinks.
How can you have a budget-friendly start to 2022?
The first area to address when cutting back for Christmas is to set spending limits for gifts.
It can be very easy to go overboard when piling up presents underneath the tree. However, agreeing to a maximum amount or going for handmade and meaningful gifts can leave you feeling less guilty and strapped when it comes to January.
As food is the second main culprit behind overspending, it’s also worth planning meals and events ahead of time, so that you don’t lose track of where your money’s going.
Christmas can be a wasteful time, so use your leftovers wisely and cut back where possible on unnecessary purchases.
Sometimes it can be all about presentation.
With the right dining room staging, you may not need to go over the top decorating, opting instead for inexpensive decorations or simple seasonal additions, such as candles and the right lighting.
Are you budgeting for a home move?
Whether it’s for your first home or simply the next step on the property ladder, having the right start to the new year will massively improve your chances of having the financial flexibility to go ahead with your plans.
Remember to be mindful of your credit card usage over December, as overly relying on it could signal a level of unreliability to lenders and reduce your chances of being accepted for a mortgage.
If you’d like more information on how to get ahead with your property plans, contact us from our website.
 *Milsted Langdon

This article was originally published by BriefYourMarket and is reproduced here with their permission.

For more company news and insights from Pygott & Crone, click here

Members of the Relocation Agent Network

Part of a network of agents

We work with other trusted estate agents across the nation

Latest news

Help us make a difference to those in need this Christmas
Campaigns | 21 November 2022

Help us make a difference to those in need this Christmas

Donations for our local food banks are being gratefully received at your local Pygott & Crone branch

Is home staging worth it?
Magazine | 1 November 2022

Is home staging worth it?

Home staging is a specialised skill which involves creating the perfect atmosphere in your home using furniture and accessories, plants and lighting, to garner buyer interest for your property and sell it faster, for the best price.

Winterproof your home with these tips
Magazine | 1 November 2022

Winterproof your home with these tips

As autumn leaves us and dark evenings approach, now is the best time to start preparing your home for the cold months ahead.

One in three properties receive an offer one hour after viewing
Magazine | 1 November 2022

One in three properties receive an offer one hour after viewing

The housing market once again exceeds expectations after a poor reception from the chancellor’s mini-budget and regular talk of a possible slowdown, as current research suggests that in 2022, almost a third (31%) of properties are now receiving offers within an hour, compared to a mere 7% in 2018.

Chat live

Chat live with a member of staff

Please provide your name and email address to continue.


We use some essential cookies to make our website work; and we use some other cookies to help us improve our website without identifying you. You can accept all cookies or change your settings below.

For an explanation of cookies and how we use them, see our cookie policy here (opens in new tab). Below you can choose to enable non-essential cookies.

These are anonymous and help us understand how our website is used.