Sleigh It: How to Save £500 for Christmas

As the sun finally starts to shine, it may seem early to think about Christmas, but if you want to save £500 for festive presents and food in December, there’s an easy money-saving challenge that could help.

A woman shared how she manages to save £500 by December using a weekly sheet that you tick off between July and December to help with funds. She explained that if you put away £20 each week and cross it off on the tracker, you would end up with £500.

Start saving now and you’ll be merry and bright by December

While £500 would be a great sum to help with the festive budget, don’t worry if you can’t afford to do £20 each week. There are different versions of the challenge to suit different budgets. For example, you could put away £5 each week, which would give you £125 just before Christmas, or £10 each week, which would give you £250.

Get into the festive spirit and start saving for Christmas

This challenge is perfect if you haven’t started saving for Christmas already or you want to save more money. And it’s not the only money-saving challenge to try. There are many other challenges that can help you save thousands.

Try these money-saving challenges to boost your savings

For example, you could try the weather saving challenge, where you save the amount equal to whatever the highest temperature was that week. Or the 1p challenge, where you save 1p a day for every day of the year, increasing the amount by 1p each day.

Save according to the weather and you’ll be surprised at how much you can save

You could also try the 20p a day challenge, where you start by putting 20p in savings, then increase the amount by 20p every day. Or the £5 a week challenge, where you put aside £5 a week and increase it by a fiver each week.

Start small and you’ll be surprised at how much you can save

There are many other challenges to try, including the round-up challenge, the bingo challenge, and the Monday to Sunday challenge. You could even try the 365-day challenge, where you save £1 on Monday, £2 on Tuesday, and so on.

Use money-saving apps to help you track your savings

So why not give one of these challenges a try and see how much you can save? You could be surprised at how much you can save with a little bit of effort.

Save now and you’ll be able to afford the presents you want

Remember, saving money is all about making small changes to your daily habits and being consistent. With a little bit of effort, you could be saving thousands by the end of the year.

Follow these money-saving tips to boost your savings

So what are you waiting for? Start saving now and you’ll be merry and bright by December.

Merry Christmas from BudgetNinja