Sleigh It: How to Save £500 for Christmas

Learn how to save £500 for Christmas with these simple money-saving challenges. From the £20 a week challenge to the £5p saving challenge, find a method that works for you and start saving today.

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Sleigh It: How to Save £500 for Christmas

As a money-saving expert, I’ve got a challenge for you: can you save £500 by December? It may seem like a daunting task, but with a little bit of discipline and planning, it’s definitely achievable.

One TikTok user, @budgetwithtigerlilly, has shared her own method for saving £500 by Christmas. She uses a weekly sheet that you tick off between July and December to help with funds. The idea is to put away £20 each week and cross it off on the tracker, which would leave you with £500 by December 22nd.

Saving for Christmas

But what if you can’t afford to put away £20 each week? Don’t worry, there are other options. @budgetwithtigerlilly has also shared different versions of her challenge, including a £5 version where you put away £5 each week and end up with £125, and a £10 version which gives you £250.

Budgeting for Christmas

The key to saving for Christmas is to start early and be consistent. Whether you can afford to put away £20 or £5 each week, the important thing is to make it a habit.

Santa Sundays

If you’re inspired by this challenge, you can also try some of the other savings challenges out there. For example, you could try the £5p saving challenge, which enables you to put aside £3,000 by the end of the year. Or you could try the weather saving challenge, where you save the amount equal to whatever the highest temperature was that week.

Money saving challenges

The possibilities are endless, and the most important thing is to find a method that works for you. So why not give it a try and see how much you can save by Christmas?

Christmas savings goal

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