With the popularity of Christmas markets growing year on year, there’s no doubt that many people across the UK have plans to visit their local market to get a taste of festive-fuelled celebrations.
To help ease the financial burden brought about by Christmas celebrations, Maxine McCreadie, debt expert at Creditfix, has offered her valuable suggestions on how families can still enjoy a delightful visit to the Christmas market whilst keeping the cost low.
Set a spending limit
Before you head to the Christmas market, set a realistic budget for your visit. This will help you avoid impulse purchases and ensure you stay within your financial means.
I’d also advise that you withdraw the budgeted amount in cash. Physically spending the money, rather than using contactless or mobile wallets, makes it more tangible and helps to resist the temptation to overspend with debt or credit cards.
Prioritise must-haves
When you plan your day, make sure to identify must-have items or experiences and separate them from less essential purchases. This way you can focus on the most important things within your budget.
This will depend entirely on your reason for going to the markets. For some, it will be a chance to get some quirky Christmas presents from local independent business owners. Whether that’s a personalised Christmas stocking or a personalised bauble for the tree, be sure to prioritise must-haves for your budget.
Another way to do this is by researching the typical cost range for the items on your list. Understanding these values empowers you to spot good deals and avoid overpaying.
Shop during off-peak hours
Shopping during non-peak hours brings a range of benefits, allowing you to browse leisurely without feeling rushed, giving you more time to make informed and cost-effective choices. You can absorb the holiday ambiance, appreciate the decorations, and savour the experience without the noise and chaos that often accompany peak shopping times.
With more time to consider your purchases, you’re less likely to succumb to the pressure of impulse decisions driven by the rush of a crowded environment.
Bring your own snacks
Bringing your own snacks and drinks helps curb impulse purchases at expensive food stalls, which can be particularly beneficial if you’re spending an extended period at the market.
Not to mention that fan-favourite food choices, such as Bratwurst, may cost you £8 for one serving.
Look for cheaper travel options
If you’re having to travel across the country to reach the desired Christmas market, it’s important to look at the easiest and cheapest way to get there.
Choosing to travel at off-peak times will be more cost-effective than travelling at peak times – if you’re taking the train, perhaps look at whether the likes of split tickets or off-peak returns can help in cutting down on cost.
Alternatively, depending on how far you need to travel, driving may be a more cost-effective method of travel. If so, be sure to be on the lookout for any park and ride facilities and utilise local buses or trams where you can.
Be mindful of festive spending
Commenting on the Christmas market spending tips, Maxine, added:
“It’s no secret that Christmas is an exciting period and many may find themselves overspending to have a good time. During the current cost of living crisis, we recognise that many people are struggling financially meaning that this time of year, which is supposed to be filled with happiness and joy, is often met with stress and anxiety.
“With that in mind, we hope these tips will help people make informed spending decisions to avoid spending outside of your means this Christmas, as the joy will be short-lived if you risk falling into debt.”
Why choose Creditfix?
- Write off unsecured debts over £6,000
- Stop interest and charges soaring
- Reduced payments from £110 per month
