{"id":222171,"date":"2023-09-10T06:59:36","date_gmt":"2023-09-10T06:59:36","guid":{"rendered":"https:\/\/allworldreport.com\/?p=222171"},"modified":"2023-09-10T06:59:36","modified_gmt":"2023-09-10T06:59:36","slug":"save-800-in-100-days-for-christmas-with-round-up-apps-and-low-spend-months","status":"publish","type":"post","link":"https:\/\/allworldreport.com\/lifestyle\/save-800-in-100-days-for-christmas-with-round-up-apps-and-low-spend-months\/","title":{"rendered":"Save \u00a3800 in 100 days for Christmas with round up apps and low-spend months"},"content":{"rendered":"

The sun may still be shining (at last!) and the weather may be warm, but it\u2019s never too early to get into the festive spirit.<\/p>\n

With 16 September marking 100 days until Christmas, now\u2019s the ideal time to start preparing for the party season \u2013 and trust us, your pockets will thank you for it.<\/p>\n

While it may be dubbed the most wonderful time of the year, it\u2019s no secret that December 25 can come with a hefty price tag. In 2022 alone, UK households collectively spent around \u00a315.7 billion on Christmas festivities.<\/p>\n

So, why not get ahead of the game? With the countdown to Christmas now officially on, here\u2019s how you can get your festive finances firmly in check\u2026<\/p>\n

<\/p>\n

Round-up<\/h2>\n

Some banks allow customers to automatically round-up spending to the nearest pound, with the difference in cost being moved to savings, which means building up a festive pot has never been easier.<\/p>\n

\u201cThe power of regular contributions can\u2019t be underestimated,\u201d says Emma-Lou Montgomery, associate director for personal investing at Fidelity International. <\/p>\n

\u201cRounding up daily spending will quickly add up.\u201d It may not seem like much at first, but investment service Moneybox estimates that customers could save around \u00a312.87 a week.<\/p>\n

100-day saving = \u00a3183.85<\/b><\/p>\n

<\/p>\n

Lend, don\u2019t spend<\/h2>\n

In 2023, renting doesn\u2019t just refer to accommodation. \u201cFrom furniture to clothes, rental services are having a real boost as more of us become savvier about where and how we spend. <\/p>\n

There are loads of services available to give you support with budgeting if you don\u2019t need to invest in something you may only need for the short-term,\u201d says Ban Mahsoub, head of money services at Tesco Bank. <\/p>\n

\u201cJust make sure you read the small print.\u201d Choosing to rent products is better for the environment as it means less waste, and it could save you around \u00a3636 a year.<\/p>\n

100-day saving = \u00a3174.25<\/b><\/p>\n

<\/p>\n

Act on appliances <\/h2>\n

Switching off those domestic devices that are otherwise left on standby (think TVs, microwaves, electric ovens) could save you around \u00a370 a year, while not filling a kettle with more water than you actually need when making a cuppa can save \u00a334.33 annually. <\/p>\n

And if you\u2019re a tumble dryer user, letting clothes air dry with the aid of a dehumidifier could save \u00a356. <\/p>\n

100-day saving= \u00a343.93<\/b><\/p>\n

<\/p>\n

Go no-spend<\/h2>\n

Unlike the name suggests, you are allowed to spend money during a \u201cno-spend\u201d month. However, you should restrict spending to essentials like rent, bills and food.<\/p>\n

\u201cOpting for a minimal or no-spend period is one way to ensure your savings have a chance to build up,\u201d says Emma- Lou. \u201cBut it\u2019s also important to make your savings habits realistic, so you can stick to them over the long term.<\/p>\n

"If you are wanting to have a no-spend month, think about what goals you want to set for the month after as well.\u201d It may not be for the faint-hearted, but one household could save \u00a3852 in a month.<\/p>\n

100-day saving= \u00a32,840 (based on one household low-spending)<\/b><\/p>\n

<\/p>\n

Be loyal <\/h2>\n

Loyalty may be important when it comes to relationships, but it can help your pocket, too. With lots of stores now offering loyalty cards to customers, many help people build-up a bank of points or vouchers.<\/p>\n

\u201cLoyalty cards are a great way to save money as by building up your points over time shoppers can easily convert points into vouchers to get money off,\u201d says Ban.<\/p>\n

\u201cBeing a savvy shopper can allow you to save money on the go.\u201d Some schemes also offer \u201cmember-only\u201d prices, with Tesco previously estimating that using its Clubcard could save shoppers \u00a3351 a year.<\/p>\n

100-day saving = \u00a396.16<\/b><\/p>\n

<\/p>\n

Downshift challenge<\/h2>\n

Created by money-saving expert Martin Lewis, the Downshift Challenge is all about changing the way you think about products.<\/p>\n

By ditching your usual brands and choosing a level lower on your food shop \u2013 the \u201cvalue range\u201d rather than the chain\u2019s own brand, for example \u2013 you could save 30% on your annual spend. <\/p>\n

Money-saving expert Richard Price from online supermarket Britsuperstore adds that changing when you go shopping could also make a difference.<\/p>\n

Monday is best for finding bargains in the clearance sales, while Tuesday is great for weekly specials.<\/p>\n

100-day saving= \u00a3345.21<\/b><\/p>\n<\/p>\n