How to pay off Christmas 2023 in advance of the big day

Affording the perfect Christmas can be challenging, but the rising cost of living means that many families might have to cut back this year in order to make ends meet, or could find that they are paying off Christmas well into the new year. This can often mean that the festive period is tainted with worry, disappointment and even dread.

While Christmas 2022 is just around the corner, it’s worth thinking ahead about Christmas 2023, and how being an early bird could help you pay off the big day before it even comes around, leaving you free to enjoy the lead up to the perfect Christmas without worrying about how you might afford it. 

How to pay off Christmas 2023 in advance  

Using a Christmas savings club, like Park Christmas Savings, you can save towards your Christmas little and often throughout the year, putting aside whatever you can afford each week or each month, so you can slowly build up your Christmas pot. Every bit you manage to put away is money you won’t have to scramble to find come December. 

Unlike putting the money in a savings account, with a Christmas savings club, your money is safely locked away until Christmas, so you’re less likely to dip into it for incidentals that might crop up throughout the year. (Although if you do need to, you can request your money back at any time of the year, but remember it will take the money out of your Christmas pot so you will have less money to put towards the big day).

With Park Christmas Savings, you set a target for how much you want to put away each week or month.  You choose this target, it can be whatever you can afford, and you can change it as often as you like throughout the year.  You then make payments throughout the year and use what you've paid into your account to pay off your order for gift cards or vouchers, which cover all your Christmas shopping in your favourite high street and online retailers. 

With Park you can get gift cards and vouchers for a range of brands including: 

• Argos
• Marks and Spencer
• Boots
• Sainsbury's
• Matalan
• TK Maxx
• The Entertainer
• Iceland
• B&M
• New Look
• Asda 
• Pandora
• Primark
• River Island
• and more.

There’s loads of flexibility with a Christmas savings club. As your needs may change throughout the year, you can change how many vouchers you order or swap the retailers you’ve chosen using your online account, so you can completely tailor your order to the needs of your family. 

Once you’ve spread the cost of Christmas over the course of the year, you can head into Christmas 2023 with all you need to create the perfect Christmas for you and your family without any of the financial hangover!

Putting money away with Park 

You can have peace of mind saving towards Christmas with Park, as all the money you pay into your account is held safely and securely in a trust. 

Park Christmas Savings is a founder member of the Christmas Prepayment Association, which offers increased protection for your money.

Get an early start on Christmas 2023 by opening an account with Park.