How do you save cash through the year to make next Christmas that little bit easier? I’ve seen a few posts about it, with ideas which can bag you a big pay day in December.
One idea is to put £1 away in the first week of the year, £2 in the second week, £3 in the third week etc. That’s a good idea but I’d struggle when we get to week 25 and onwards. Can you imagine putting £45 aside followed by £46 the next? I’d be living on dry toast!
Another idea was to put £1 aside on Monday, through to £7 on Sunday, then repeat week on week. That’s £28 a week, again, which I couldn’t afford to do.
Both the above examples will save you around £1500 over the course of the year but you have to put that cash away which many won’t be able to afford.
I’ve decided to keep it simple. £10 a week for 50 weeks, giving a total of £500 to spend for Christmas.
We didn’t spend £500 at Christmas this year, nowhere near. So saving half a grand would cover Christmas present and food spends and also take some pressure off the ‘long’ month of January.