MoneyMagpie

Nov 29

4 ways to save money on expensive gifts this Christmas

Reading Time: 3 minutes

Christmas is one of the most magical times of the year, but it can also come with a sense of trepidation for many of us. All the things that make it such a special and memorable time – the food, drink, gifts and decorations – can all be a serious drain on our wallets. But fear not, there are a few tips and tricks that can be used to ensure you lower costs without having to sacrifice a thing.

 

Enjoy High Quality For Less

Just because your purse strings aren’t quite as loose as the next persons doesn’t mean that you should have to compromise the quality of your Christmas experience. There are various ways you can secure a great deal on high-end products, make money on the purchases you make, and find excellent online discounts and coupon codes to help reduce the impact of big items on your bank balance. Here we’ll take a look at four of our top picks for grabbing the best deals and shopping smart during the festive season.

 

Online marketplaces

From EBay to Alibaba and Amazon’s very own marketplace, there are no shortage of opportunities to snag a great deal from ecommerce sites. Whereas some sites offer a one-stop-shop for a wide variety of different products and purposes, others are much more niche and serve a specific locality, industry or age group. These sites are often where the best deals of all lie. For instance, if you know someone with a taste for something traditionally high-end and pricey like wines or watches, you can make their Christmas dreams come true without breaking the bank. Indeed, there are a number of horology resale sites that offer significant discounts on renowned brands and rare models. For example, just look at the Chrono24’s current deals on Bremont watches on Chrono24 to see the kind of savings that can be made.

 

Use cashback sites

Possibly one of the easiest ways to earn money out there, using cashback sites simply takes a little bit of mental maths and remembering to click-through the site when making a purchase. It won’t help you save money in the short run, but earning a percentage on every pound you spend can help to ensure that at the end of the busy Christmas shopping season you have earned yourself a fair amount of cashback. This can often then be redeemed directly on a product from a specific retailer or as a direct transfer to your account. Some of the best known companies for this are Quidco and TopCashback.

 

Supermarket saving schemes

Almost all of the major supermarkets in the UK have opened their own savings initiatives specifically targeting the Christmas period. This can make a huge difference to your budget, as food and drinks account for the second most pricey part of the occasion after present buying. On the high street, Iceland operate a Christmas save scheme which earns you two pounds for every twenty you save on your bonus card between 29th October and 19th November. Other supermarkets offer cashback or points based rewards, with the Co-op offering a five percent return and a one percent donation to charity.

 

Voucher codes

Coupons and discount codes used to be something you earned through brand loyalty or as part of competitions. These days, almost all companies have some kind of discount on offer as they vie for your business among strong competition. With prices slashed from between 10 to 70 percent, it’s always worth checking a dedicated listing site for valid discounts before committing to an online purchase. Some good and reliable examples are MyVoucherCodes and the promo pages of national papers, such as the Independent.

 

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