A money expert shares his top tips
“Buying presents for family and friends is going to be harder as prices rise, stretching family budgets further,” he says. “But it’s definitely still possible to budget for a wonderful family Christmas this year.”1. Agree to buy a gift for just one person
Mackay says a good way to keep costs down is to pick names out of a hat and buy one really nice gift for just one family member, rather than lots of little things for everyone – like a secret Santa. “This will save all those last minute little expenses which can really add up,” she says.If you’re hosting Christmas, make a list of things for your guests to bring, to spread the financial burden, advises Mackay.
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