Christmas should be a time of happiness with family and friends however we know that the cost of presents, food and celebrations can really add up to feel stressful.

At Moneyline, we understand that a Christmas Loan sometimes helps spread the cost but we also want to share ideas to help reduce how much you need to borrow – or avoid borrowing at all!

Also, please be aware that loan sharks can take advantage of Christmas and what they offer will look like a really good deal. It isn’t always money they offer and it can be the latest toys that are hard to find in the shop. Read more on spotting a loan shark here

Spreading the Cost of Christmas 

Here are some simple tips that could make Christmas easier on your pocket and reduce the need for a Christmas loan: 

• Plan ahead with food – Each week pop one extra item in your shopping that won’t go out of date, like stuffing or cranberry sauce. By Christmas, you’ll already have a cupboard full. 

• Homemade presents – Can you make something or give a homemade voucher for your time instead of buying gifts? Thoughtful presents often mean the most. 

• Celebrate later – Some people agree to swap presents or have dinner after the 25th December. You can pick up bargains in the Boxing Day sales and still enjoy the day together, just a little later and a lot cheaper!

• Start early for next year – even saving £1 a week from January could cover Christmas dinner in 2027 and reduce the need for a Christmas loan. 

When a Christmas Loan Could Help 

Sometimes a  Christmas Loan  is the right choice to spread the cost. If you are thinking about applying for one, here are some things to consider: 

• Make a budget – Work out how much you really need and check you can afford the repayments. Don’t forget to include any “buy now pay later” payments such as Klarna or ClearPay. 

• Use your payment holidays – If you take a loan with Moneyline, you may be able to keep one of your payment holidays for over Christmas, giving you a little help when you need it most.

• Borrow only what you need – A smaller loan means lower repayments, helping you start the New Year with less financial worries.