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Ideas To Help You Save For Christmas

Saving for Christmas for most people starts in January. Christmas can be one of the most stressful times of year so it's sensible for us to get a head start and start preparing for Christmas as early as now. The January sales is a great place to start as you can get some amazing bargains on gifts, decorations or homeware that you can put away in preparation for Christmas. Every year I say I will start saving for Christmas as soon as possible and I never do. This year I have decided I am going to start saving for Christmas now and I have a few ideas on how to help you save for Christmas if you want to start now too. 

save money logo


1p Challenge
The 1p challenge is probably the most known saving scheme as is quite a popular choice. It's very simple to follow and if done correctly by Christmas you will have over £600 in your saving pot. 

So here's how it works

On 1st January you put 1p in to a savings jar
On 2nd January you put 2p in to a savings jar
On 3rd January you put 3p in to a savings jar
On 4th January you put 4p in to a savings jar
On 5th January you put 5p in to a savings jar
On 6th January you put 6p in to a savings jar
On 7th January you put 7p in to a savings jar
and so on adding 1p on to your total each day. 

By the end of this challenge you will have saved well over £600 in time for Christmas. 

This challenge can be done in reverse if you wanted to save larger amounts at the beginning on the year.

On 1st January you put £3.65 in to a savings jar
On 2nd January you put £3.64 in to a savings jar
On 3rd January you put £3.63 in to a savings jar
On 4th January you put £3.62 in to a savings jar
On 5th January you put £3.61 in to a savings jar
On 6th January you put £3.60 in to a savings jar
On 7th January you put £3.59 in to a savings jar
and so on until Christmas. 

It's a simple saving challenge which would certainly give you a head start towards your Christmas Spends. 


The 52 Week Challenge
This idea is similar to to the 1p challenge however you don't have to remember to add your pennies to your savings jar each week you add each week and it's a pound challenge rather than a penny challenge so by Christmas you will have saved over £1300.

So here's how it works

Week one add £1 to your savings jar
Week two add £2 to your savings jar 
Week three add £3 to your savings jar
Week four add £4 to your savings jar

By the end of the month you will have saved £10 now this won't seem much but it soon mounts up as you head in to months 6,7,8 and finally in to December when your pot will have well over £1000 in it. 

You can also do this challenge in reverse too

Week one add £52 to your savings jar
Week two add £51 to your savings jar
Week three add £50 to your savings jar
Week four add £49 to your savings jar

Doing this challenge in reverse means that at the end of the month you will have £202 in your pot. 


Save With Your Supermarket
Asda offer a savings reward card which is perfect if you shop at their store. The cards are usually found in store or you can order one online. Every time you shop you can add an amount to your savings card. You have full control so can add as much or as little as you like and as often as you want. The amount you save on your card can be put towards your shopping in store, online and also on George online.

At the end of the year they usually offer a small reward to say thank you for saving with them each year.  These rewards were for 2021 but assume they will be similar for 2022. I will update when the 2022 rewards have been confirmed.  

Savings on card £30 - £79
Bonus reward £1

Savings on card £80 - £129
Bonus reward £3

Savings on card £130 - £179
Bonus Reward £6

Savings on card £180 - £229
Bonus Reward £9

Savings on card £230 - £279
Bonus Reward £12

Savings on card £280+
Bonus Reward £15

If you are a regular shopper at Tesco then you can will know that Tesco offer a reward scheme in the form of Tesco Club Card Points. These points are converted in to vouchers throughout the year and are a great way to save to help towards your Christmas food shop. 

You could also buy gift cards throughout the year which are usually by the checkouts to save for Christmas. Unfortunately Tesco gift cards can only be loaded once so they cannot be topped up so not as easy as the Asda Christmas Saving card but still worth it if Tesco is your regular supermarket. 

supermarket trolley filled with money


Money Saving / Cash Back Apps
We have been using money saving apps now for quite a few years and the amount of cash back we earn really does build up. This can be left in the app or you can withdraw and add to your saving jars. There are so many money saving and cash back apps out there but these are a few of our favourites. 

Checkout Smart
Checkout Smart is a cash back app that offers you cash back on certain products when bought at certain stores. 

Every day new offers are loaded and the more you use it the more the offers refresh. All you need to do is..

Check the app each day for offers
Choose which offers you want to redeem
Head to the supermarket and buy the products
After purchasing take a photograph of your receipt
Await confirmation of your cash back

Once your cash back has been confirmed it will go on to your balance. You can cash out your balance at any time however no fee will be charged if your balance goes above £20.00. Cash back can be paid to your bank via BACS or PayPal.

The amount of cash back on products does vary however sometimes the app offers you the chance to receive 100% cash back making it completely free. 

Shopmium 
Shopmium is very similar to Checkout Smart. It offers you cash back on certain products and usually refreshes every 1 to 2 days with new offers. 

To use Shopmium all you need to do is

Check the app each day for offers
Choose which offers you want to redeem
Head to the supermarket and buy the products
After purchasing take a photograph of your receipt
Await confirmation of your cash back

Shopmium doesn't give you the option to save up your cash back within the app, it is sent directly to your chosen payment method once validated. 

There is a reward scheme with Shopmium called Shopmium club. It gives you the option to upgrade to Gold level free of charge by completing easy steps. 

Share your referral code
Every member has a refer a friend code that not only benefits you but your friend too. If you friend signs up using your code ( KFYYKYGQ - This is mine) your friend will receive a free gift. At the moment it's a tube of Pringles. You as the referrer will also get a reward of £3 which will go as credit against future cash back offers. 

Redeem Offers
Submit at least 10 cash backs to reach Gold level then submit at least 1 per month to maintain in the Gold level. 

There are lots of benefits to being in Gold level including
Exclusive challenges
Previews of offers before they go live
Special gift on your birthday
Momentarily reserved offers

Quidco
Quidco is an online cash back app that offers great rates of cash back when shopping online. 

There are hundreds of retailers including well known stores such as Argos, B&Q, H Samuel this list is huge. You can also earn cash back on holidays such as TUI, Easyjet, booking.com. It's also great to earn extra cash back when switching telecom, gas, electricity providers. There is so many options to earn. 

Refer a Friend Scheme
Quidco offer a refer a friend scheme that unlocks a bonus of £10 for your friend once they have signed up and had at least £5 cash back confirmed on to their account. As a referrer you will be notified once someone signs up using your referral link or your referral code (6857695 - this is mine) you will then be credited with £30 cash back.

We are just a few pounds shy of £600 savings since we started. Cash out is available via PayPal or bank transfer. You also have the options to buy vouchers with your cash back instead of taking cash. The vouchers are available with an added % bonus on top and differ depending on the store.

For example if you had £20 to cash out you can 
Take £20 cash
Buy a voucher for Amazon with an added 2% on top 
Buy a voucher for JD Sports with an added 10% on top
There are plenty of vouchers available and the added bonus ranges from 2 - 25% extra. 


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Michelle

7 comments:

  1. Great tips here, I have a monthly saving account I just pay into and withdraw from for birthday and christmas presents. I do keep forgetting to use Quidco, but I do have honey on my laptop which finds discounts

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  2. Building up savings for Christmas early is helpful. The earlier you start the better. Apps can be a great way to help you save and get cashback.

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  3. I did the 1p challenge for a few years, but I've changed it to the reverse 1p challenge this year as I find I notice the money coming out less in Jan than Dec. Some great savings ideas x

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  4. I love these savings ideas. I love using Top Cashback throughout the year, then I cash in the money I've saved for Christmas shopping at the end of it all.

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  5. Thanks for the tips, you've outline lots of great ways to save money. I'd seen the 52 week challenge but not the 1p challenge. So many ways to save!

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  6. These are some great ideas! Christmas crept up on me in 2021 due to personal circumstances so I want to be more prepared like I usually am in 2022!

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  7. This comment has been removed by a blog administrator.

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Thanks for your comments. I love reading them :)

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