Money-savvy Brits have been showing off their Christmas savings challenges so that by the time the festive season rolls around, they barely notice a dent in their bank accounts.
If you’re feeling the pinch this year, you could start this challenge in January to help you be stress-free next Christmas.
This cheat-code will mean you’ll already have some money tucked away for any festive buys before it’s even half way through the year.
In 2025, more Brits could be taking up this savvy way to afford Christmas by starting to save as early as January.
A woman on TikTok shared how she saved £450 easily throughout the year so that she could be worry-free by December.
Speaking in a video shared by the account @womenswealthcollective, she said she first decided how much money she wanted to spend at Christmas, setting on £400, but if you think you’ll need more or less than this, you can adapt this figure to your needs.
The woman then divided this by 12 paydays over the course of the year, which came to £33.33.
She then decided to round this up to £35 and put this into a savings pot each month.
This method meant that, by December, she felt no panic or worry about her finances – a feeling many crave as expenses kick in.
By paying into her own savings pot for Christmas, she was fully prepared for the pricey present buying time of year.
If you’re thinking of taking up the savings challenge, first you need to decide how much money you’ll need for the festive season before dividing this into 12 to arrive at your monthly savings payment figure.
Some banking apps such as Monzo allow you to manage your money by creating ‘pots’ which can help to separate and save your money.
Other Christmas budgeters prefer a physical saving hack, where they put cash into organisers or binders.
This may be useful for you if you are inclined to spend your savings or if you don’t use online banking.
