If you find yourself tipping over your seasonal budget year after year, now’s the time to assess the root cause of your overspending.
Many households allocate a set budget for giving gifts and Secret Santa, however, not many choose to do the same with their Christmas food shop. Could this be the reason why so many of us struggle to budget during the festive season?
If you’re looking for tips on how to make Christmas cheaper, look no further! We’ve analysed the typical Christmas shop, so you can do Christmas food on a budget and save yourself a pretty penny this year and in many more years to come.
How much does the typical Christmas food shop cost?
According to research by The Guardian, you can feed a family of 6 on Christmas day for £25. However, this Christmas food shop only includes the following 10 items:
- Brussel sprouts
- Christmas cake
- Christmas pudding
- Cranberry sauce
- Six mince pies
- Stuffing mix
- 3kg whole frozen turkey
This is a low-ball figure as there are only a few items on the Christmas food shop above, and the prices have been averaged across a number of supermarkets. In reality, with a few bottles of fizz, appetisers and nibbles, chocolates and of course, pigs in blankets, the true value of a Christmas Day meal can cost upwards of £75.
How to save on your Christmas essentials checklist
Don’t worry, you don’t have to forgo any of your Christmas favourites if you want to stick to your budget! All it takes is some careful planning and you’ll be able to enjoy all the Christmas food classics, for a fraction of the price.
Set a budget and stick to it
If you normally buy your Christmas food shop without thinking about how much it will cost, this can lead to you spending much more money than you need to. Setting a budget will give you restrictions and help you to avoid overspending.
You can even use the icount prepaid Mastercard for budgeting! Simply load your allocated spending money onto the card and use it when you pay for your Christmas shop. You can even take advantage of icount’s card offers and save even more!
Compare prices across supermarkets
It may be worth travelling that extra mile to get to Aldi or Lidl, if they have cheaper food than Tesco or Sainsbury’s.
Comparing supermarket prices is an easy way to make sure you’re getting the best deal on your shop.
Get a helping hand
If you find that the Christmas food is eating too much into your seasonal budget, it may be worth asking if family and friends can contribute to this year’s Christmas Day meal. Whether it’s £15 or £50, any money towards the Christmas food shop can help to reduce the financial burden dramatically.
For more financial tips and tricks, read our money guides for more information.