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I’m a money-saving expert and here’s why you shouldn’t buy gift certificates for Christmas

With the Christmas season fast approaching, an expert has revealed how to spend your money wisely and limit your finances.

Many people will find themselves spending more than usual on things like gifts and exchanges; and could end up in debt in January.

An expert has given you top tips to save your money this Christmas

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An expert has given you top tips to save your money this Christmas
Paul Merriman, CEO of askpaul & Pax Financial

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Paul Merriman, CEO of askpaul & Pax Financial

However, according to Paul Merriman, CEO of askpaul & Pax Financial, this is possible
Avoid it by making a few small changes to your spending habits this December.

And one thing is for sure, you should NEVER buy a voucher at Christmas.

Paul warns that unfortunately, businesses may not survive the Covid-19 pandemic – and you may not get a refund for the voucher’s equivalent value if they do.

He offered the following tips for anyone looking to save a bit of cash this Christmas:

1. Make a list and shop online

Paul said: “You still have to shop at the last minute, don’t you? Listing and shopping online will help you stick to your budget because you’ll avoid impulsive shopping – something people tend to do when they’re in a physical store. “

2. Track your spending

“Do your best to keep track of what you’re spending,” says Paul.

“This is the best way to avoid going over budget. Using apps like N26 or Revolut and setting up different vaults for things like gifts, night out, grocery shopping, etc. is a good way to go. to do this.”

Most read in The Irish Sun

3. Price-limit deals with friends and family

“Talk to your friends and family members about setting a budget limit for gifts,” says Paul.

“This will help you avoid overspending…and it will also ensure there are no awkward moments when redeeming gifts on Christmas Day!”

4. Avoid ‘Buy Now Pay Later’ services

“While these types of offerings can be tempting, I encourage anyone who thinks about it to think again,” says Paul.

“Especially at this time of year. In essence, what these services provide is ‘consumer loans’ and the last thing you want in the new year is to have a loan on you.”

5. Arrange a secret Santa with the family

“Another way to avoid overspending on family gifts, and wasting cash on silly gifts that people probably don’t need, is to host a secret Santa Claus,” says Paul.

“That way, you’re just buying a gift and can put more thought into it to make sure it’s really what the recipient really wants.”

6. Avoid using credit cards

“This is really one of the easiest ways to make sure you don’t start 2022 in debt,” says Paul. Avoid using credit cards during the festive season.

“Even better? Use cash when possible to keep a close eye on your spending.”

7. Avoid buying vouchers as gifts

“Unfortunately, some businesses may not survive the Covid-19 storm and may end up closing in 2022,” says Paul. When you purchase a coupon, you are the last person on the list to be refunded. money if the business is liquidated.”

8. Local shopping, Irish shopping

“Avoid crazy delivery costs and shop locally this Christmas,” says Paul. Not only will you save on shipping, but you’ll also support local Irish businesses during this very difficult time. “

https://www.thesun.ie/money/8039130/money-saving-expert-never-buy-vouchers-christmas/ I’m a money-saving expert and here’s why you shouldn’t buy gift certificates for Christmas

Fry Electronics Team

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