Shopping vouchers can be a great way to save money for the festive period. You can also get a good bonus if you get vouchers with certain retailers too. Let’s have a look at how to save money for Christmas vouchers.
You Don’t Have To Pay In Through The Year
A lot of these Christmas savings cards encourage you to save into through throughout the year. They give you an incentive of a bonus so you top up your card or account in order to get said bonus, However you don’t have to pay in throughout the year. If the business was to go busy, you probably wouldn’t get the money back. Take the Asda Christmas savings card as an example. As long as you have the money in the account before the deadline, you’ll get your bonus. This means that the best way to save money for Christmas vouchers is to create your own Christmas fund. This is a bank account you pay into throughout the year. The money in your bank is protected. It might not be in a Christmas savings scheme with a certain retailer.
Then, all you need to do is withdraw the money from your fund and pay it onto your cards before deadlines. You’ll have earned interest on the money in your bank and then get the bonus as well. Double winnings! With our Asda card example, if you put £280+ onto the card you’ll get a £15 bonus. Let’s say you have £400 to use at Asda. There’s not point in putting more than the £280 on a card as you don’t get any extra bonus. Pay the other £120 onto another card instead for another bonus, an extra £3. It’ll get a couple of boxes of mince pies for sure! If you’re going to shop there anyway, you might as well get the extra cash!
Withdraw Your Cashback
Did you know that you can withdraw your cash in a different way to get extra money to shop for Christmas? It can be a great way to save money for Christmas vouchers. Many people save up their cashback with Quidco and Top Cashback and then withdraw it for special occasions. Maybe to pay for a holiday, birthday gifts for the festive season. If you know where you are going to shop, you can withdraw your cashback as vouchers, rather than cash. Get a 2% bonus if you withdraw as Amazon vouchers or a 10% bonus if you choose New Look, Foot Locker or H&M vouchers. Cashback is fantastic and if you know where you want to spend, you can make it even better by withdrawing it as vouchers.
Save Your Loose Change
Many people save their change throughout the year and pop it in a piggy bank, jar or empty glass bottle on the fireplace. This can be a great way to save money for Christmas vouchers. Sometimes up to £50 or more! Get the whole family involved too. Christmas is a time for family after all. This loose change could pay for the turkey and trimmings on the table this year. At the start of December, empty the container, count it up and pay it into the bank. Withdraw the cash and you can then use it for the items or vouchers you need this season.
Spend Your Vouchers
You need to spend your vouchers when you get them. Don’t leave them lying around or hold onto them for too long. Get them spent because if the company was to go bust, which we’ve seen a lot of recently, your vouchers can become worthless. This is where cash beats vouchers. However if you know where you want to spend and how much you want to spend, you can take advantage of bonuses and make your money work harder for you this festive season. Plan how much you need and start to save money for Christmas vouchers.
