You’ve made it! This is the last week of our Santa Saver Challenge and if you followed our tips over the past 9 weeks you could have saved a whopping $2,111.96 – ho ho ho! Now that you’ve heard the tips from the Mozo team, it’s time to reveal how everyday Aussies just like you slash the cost of the silly season. We’ve scoured through hundreds of entries from our Santa Saver Challenge and rounded up your best savings tips and tricks below.
Tip 1: Share the costs of the festive feast
Of all the financial expenses that come with the silly season, the food bill is often the biggest. If you’re hosting a Christmas party, Robin B. recommends cutting down on the cost by asking family members to each bring along a dish. Most people will be more than happy to pick up some bubbly, a cheese board, or some Christmas pud. “Not only will this slash your bill, but it also means you will spend more time feasting on festive fare and less time stuck in the kitchen.”
Tip 2: Save money on holiday cards
Sending out Christmas cards to your family and friends is a great way to stay in touch over the holidays, but it can really put a dent in your savings. Rather than give up sending out cards in the name of frugality, why not try sending out a Christmas e-card? Paul H. creates his own holiday cards online and sends it for free via email, which is a great saving on cards, stamps and postal fees! Another savvy tip to wish your loved ones a Merry Christmas while slashing the cost of postage is to send out postcards. You can even make your own out of last year’s Christmas cards – now that’s thrifty!
Tip 3: Set up a thrifty Xmas cupboard
A savvy money-saving tip to get in the works for the next festive season is setting up a thrifty Xmas cupboard. Helen B. suggests making a list (and checking it twice) of who you need to buy gifts for and grabbing items when they go on sale throughout the year to squirrel away for later. Keep your eyes peeled for discounts on other festive goodies, such as long-lasting food and wine, wrapping paper, decorations, table settings, and stocking fillers. Just make sure to keep track of what you’ve bought to avoid overspending!
Tip 4: Organise a Secret Santa to keep costs down
Instead of spending hundreds buying a sackful of gifts for all your friends and family, why not follow the old tradition of Secret Santa? That’s how Nancy saves serious cash during the silly season: “Our (very large!) family swapped to doing Kris Kringle gifts many years ago. One special gift for one person is all we have to buy!”. Otherwise why not try your hand at making your own handmade gifts for friends and family? Silvia M. unwraps her creative flare by making festive cakes, jams, and other Christmas goodies to give her gifts a more personal touch without breaking the bank.
Tip 5: Have a post-Christmas celebration
While we don’t want to wish this festive season away, Christmas will come along next year before we know it! The Boxing Day sales are the best time to snap up festive items at a fraction of the price. Sally M. suggests picking up wrapping paper, decorations, bon bons, and other non-perishable festive essentials in the post silly season sales. Cath B. even organises her holiday celebration one day after Christmas, so she can ‘buy presents heavily discounted at the Boxing Day sales’.
However you choose to celebrate, the Mozo team wish you a very frugal holiday season and happy New Year!
Missed out on our previous Santa Saver series blogs? Here’s a recap:
- The first week of the challenge kicked off with money-savvy tips on how a high interest savings and bank account could save you $288.76.
- In week 2 we showed you how “doing more with less” can really add towards your Christmas cash stash.
- Week 3 was all about gearing up for a debt-free silly season to save $120.
- Becoming a frugal foodie was key to saving $200 in week four.
- In week 5, we revealed the travel booking traps we need to look out for over Christmas.
- Week 6 was all about ditching your vices to save the big bucks.
- In week 7 the Founder & Chief Hacker of Spending Hacker, shared his top tips on bagging yourself a bargain online this Christmas.
- We rounded up 5 thrifty DIY gifts in week 8 to trim the cost of Christmas pressies.
- Last week we revealed award-winning Christmas food and wine at frugal prices to slash the cost of your Xmas lunch.