Christmas budgeting tips to stop you overspending during cost of living crisis

The average Christmas spend per household this year is estimated to be £900.

The festive season is rapidly approaching and as we enter the first full week of December many households will be starting to plan their spending over Christmas and New Year while taking into account the ongoing cost of living crisis which is having a huge impact on the prices of everyday food items at the supermarket.

Six top tips to manage Christmas on a budget Create a realistic budget Norton Finance recommends taking a realistic look at your financial situation and establishing an amount you will be comfortable increasing your spending by. Review your spending Treat yourself like your own business. Regularly reviewing your finances will help you stay on track with expenses. If it looks like you may go over budget, make changes to reduce non-essential spending habits.

Giving yourself this additional time should also reduce some of the stress associated with gift shopping.

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