The information provided in this article was accurate at the time of publishing and should be read in the context of the date it was published. Views in this article are those of the author alone and do not necessarily represent the view of Scottish Friendly.


Possibly as a result of the Indian summer we’ve recently enjoyed, I had it mind Christmas was about four months away but when I looked more closely I realised – help! – it’s less than three months away!

Actually, at ease everyone. There’s no need to panic and rush to the shops right now to buy your presents – but it is time to begin planning. As well as a timetable for baking the all-important Christmas cake, planning your budget in a countdown to saving for Christmas could help you enjoy the festive period even more.

Time to budget

A key element is not to overspend and keep within your budget. Provided you start planning now you could help keep your Christmas bill down.

A good place to start saving for Christmas is to make sure you’re living within your means. By cutting out some things, cutting back on others or even just seeing if you can get better deals elsewhere, you could end up ‘quids-in’ to help with your Christmas expenditure.

To help inspire you here, why not go to Scottish Friendly’s Thrifty Families where, with the help of Strictly Come Dancing’s Louie Spence and others, you could find some inspiration to save money.

Then have a good think about how much Christmas 2014 will cost. Have a think about presents, food, wine and social events so you can have an idea of what your likely spend will be.

Countdown to Travel

A cost for many at Christmas time is travel. Do you need to travel by plane or train to visit family? If so, now is a good time to book train travel as advanced fares go on sale.

Christmas is a magical time of year but it does tend to creep up on us. With a bit of planning, stress on your finances – as well as in general – can be reduced. Good luck everyone!

No advice has been provided by Scottish Friendly. If you are in any doubt as to whether a savings or investment plan is suitable for you, you should contact a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting Advisers may charge for providing such advice and should confirm any cost beforehand.