Autumn is traditionally a time of abstinence and asceticism, taking stock after a heavy summer of sunshine and celebration and readying the wallet for the excesses of Christmas spending.
This year, with concerns over the cost of living rising, seasonal saving could be taking greater precedence than in previous years. If you’re budgeting for Christmas, then here are 5 money saving tips for autumn.
Meal Planning
We’ve all been there after a long day in the office, uninspired to cook and reaching for the Deliveroo app, particularly as the nights draw in and the weather gets a little gloomier.
But cutting back on the sometimes flippant food expenditure of takeaways and ready meals can have a major impact on your outgoings every month, and one which you’ll notice almost immediately.
Getting busy in the kitchen is one sure-fire way to save money. Bulk buying fresh or even frozen vegetables and meat – cheaper, of course, than single items – allows you to cook larger batches of whatever takes your fancy, saving money on lunch and dinner further down the week. Meal plans are a great way to get everything documented and organised, meaning you’ll save time as well as money. Result!
Read: 7 IDEAL tips and ideas for budget meal planning
There are ways to shop smarter, too. Branded products, for instance, although almost identical in content, are often considerably more expensive, so bear that in mind when doing your (much recommended) weekly shop. Speaking of which…
Early Festive Shopping
Hey, let’s mention this before anyone else does; we’re not encouraging Christmas panic buying, here. Rather, some sensible foresight in the shopping department could help you budget a little easier when the festive season rolls around.
Let’s be honest, one of the biggest expenses over Christmas is the booze. Fortunately, supermarkets like Lidl, Aldi and Asda offer perfectly drinkable own brand Prosecco at a fraction of the price of other high street supermarkets.
You can also save on the food shopping by stocking up now (within reason and with no sense of ‘panic’, of course), freezing items like canapes, veggies and even the turkey, in anticipation of Christmas day and dinner. Whilst everyone is rushing around like headless, erm, chickens on Christmas Eve looking to stock up, you might even allow yourself a smug smile. More importantly, you’ll have saved some money.
Review Your Depts
Autumn, with its focus on the thrifty, is arguably the best time to review your debts, loan and credit card obligations, any outstanding overdrafts, and reconsider your repayment plans.
For some, debt consolidation loans represent a worthwhile avenue to explore if payments are spread far and wide, and things feel like they’re getting out of hand. To get a loan approved, it’s recommended that you first work on your credit score.
Read: The ideal guide to getting to grips with your credit score
Check Your Insurance Rates
As you move close to the year-end, your insurance renewals will probably be around. While you cannot skimp on home, auto, and health insurance, it is possible to reduce the expense. Check your options when renewing because you can find better deals. Consider refinancing of loans and bundle up insurance from one provider for better deals. Just a little shopping can help you make significant savings.
Speaking of which, changing car insurance provider is just one way you can reduce your transport costs in the coming months. Check out our guide on doing just that here.
Streamline Your Social Life Spending
Though Autumn is traditionally a season that sees many choosing to hibernate until the festive season rolls around, this shouldn’t mean that your social life dwindles to nothing.
Countless studies have pointed to the health benefits of friendships, so don’t neglect this side of things just because you’re planning on leading a more thrifty life for the next few months.
In fact, there are ways you can enjoy a social life on a budget. Which reminds us; you might find this article useful, too.