Recent YouGov data has revealed that 60% of Brits are planning on spending less on Christmas this year because of the rising cost of living crisis. With the cost of living crisis showing no signs of easing, deciding how to approach buying presents this year might seem overwhelming.
If you’re feeling lost about where to start with your Christmas shopping and worried about approaching the topic with your friends and family, Alina Jaffer, personal finance expert at Virgin Money has teamed up with some savvy individuals to share 5 money-saving tips and tricks for your present buying this year.
Alina says: “Consider splitting the cost of a gift across the year by gifting a subscription service this Christmas. Whether you are offering to pay for someone's Spotify, Netflix or Amazon Prime subscription, this will be a well-loved present that the recipient is sure to enjoy. If the price of a full year seems too steep, why not offer to pay their subscription for 6 months and set up a direct debit that covers their monthly cost.”
