This Christmas might not be what we had in mind, with all the various restrictions in place, but that doesn’t mean we can’t make the most of it – including some unexpected hidden bonuses! We all know that Christmas can be a costly affair, but this year we’ve been given the gift of financial freedom from the never-ending expense of festivities. Here are just some of the budgetary benefits of a Christmas in lockdown.
Savings on travel
Whether you traditionally have a long journey home at Christmas or you normally enjoy several get-togethers, the cost of travel can soon add up. From train journeys to fuel and even flights – and of course snacks for the ride – these costs can quickly rise. But with a festive season in lockdown, we’ll have to forgo driving home for Christmas, and get to pocket the money.
More offers in shops
It’s no secret that the pandemic has had a catastrophic impact on our high street. Both brands and independent stores have suffered at the hands of lockdown, problems with supply chains and delivery delays, but that has meant that this year there are plenty of bargains to be had. From Topshop to Charlotte Tilbury, high-end to high-street, you’re sure to find some mega savings. Of course, in order for it to be a true saving, only buy what you’ve had your eye on, or something you actually need. Don’t just buy something because of the potential savings on offer.
Less spent on food and drink
Sure, spending Christmas with loved ones is great, but from work dos, evening drinks and weekend meals, the cost of eating and drinking can soon add up. But a Christmas in lockdown means that we all should be able to save on splashing the cash on cocktails and crackers this year. Of course, this doesn’t mean you still can’t partake in a cheese board or two. Enjoy a drinks and nibbles party over Zoom with your nearest and dearest this year, knowing you’re drinking own-brand mulled wine and munching on Co-Op cheese.
Perhaps the main benefit of a Christmas in lockdown is knowing that the savings you’ve made can go on future purchases. By taking the time to assess your finances and add up your savings over Christmas you can make plans for larger investments that you might not have been able to afford previously. Whether you choose to renovate your home, go on honeymoon, or even buy a new car, Christmas in lockdown will afford you previously missed opportunities.
Time for admin
Traditionally Christmas is one of the busiest times of the year, and things like bills get pushed to the back of the mind. But having a Christmas at home means most of us will have an extra hour or two to do the budgeting for 2021. Not only will it lighten the load come January, but you’ll be able to enjoy your Christmas safe in the knowledge you’re entering the New Year with a financial plan.