I’m savvy saver and here are five steps to take now to save £1,000 by Christmas 2025
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CHRISTMAS is a time for feasting, celebrating and exchanging gifts - but the costs can add up fast. So, if this festive season has strained your budget, you could begin saving now to lighten the load for next year's celebrations. We spoke to Louise Bastock, editor at the personal finance comparison site Finder.com, who shared her top savings tips.
Louise's full-proof tips will allow you to save at least £1,000 in time for Christmas 2025. These include taking advantage of free cash, doing a quick check that could earn you hundreds of pounds, and making sure you prioritise paying off any debts. Plus, she said the key is to think of savings as money that you can't touch so you let it earn good interest.
Here's exactly how to build yourself a nest egg for next Christmas... Louise recommends switching banks or building society to take advantage of free cash-switching perks. She said: "After a lack of bank switching deals earlier this year, there are currently four deals on the market, so 'tis the season to switch your bank account to bag some extra cash.
"The bank switching landscape has changed over the last 12 months, with some 'switch and stay' deals requiring you to stick around for several months to get the full amount on offer. "So, check the eligibility criteria in advance to make sure you're happy to jump through all the necessary hoops.".