Gift giving this year is likely to take a hit as people try to save money where possible as bills rise and the cost of living crisis continues. While many of us still want to splash out and treat friends and family, this may not be an option.
Last year Brits were already feeling the pinch of the cost of living crisis with 45% of us anxious about the cost of presents. A YouGov survey found that this year three in ten are planning to spend less on the festive season.
Saving money doesn’t have to mean acting like the Grinch, you can still give great gifts on a budget. There are some innovative present ideas out there that could reduce some of the Christmas spending burden.
