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Your Credit Crunch Christmas Lunch

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Bah, Humbug?

Published in Shopping on 4 December 2008

How can you shop sensibly for the most eagerly anticipated meal of the year? Laura Starkey shares her seven top tips.

After a year of financial doom and gloom -- one that’s featured several severe economic shocks -- we’re once again counting down to Christmas.

However, this year’s celebrations are likely to be unusually restrained. As people brace themselves for the coming recession, it seems they’re planning to slash their seasonal spending.

But, as a proud nation of food and drink lovers, can we Brits really face decreasing the amount we spend on our Christmas dinners?

To save or to scoff? That is the question!

With the cost of a full-on Christmas lunch almost as high as that for a normal week’s groceries, it’s no wonder some people are planning to shop more frugally this year. A traditional meal with all the trimmings could set you back between £60 and £70, according to MySupermarket.co.uk.

However, a poll conducted by Abbey suggests Brits would rather cut back on buying gifts and socialising than compromise the quality of their Christmas dinner.

I, for one, look forward to my Christmas lunch for weeks before I eat it. So the credit crunch might affect my presents and pub visits, but I won’t let it part me from my roast potatoes!

Luckily, there are ways to shop sensibly this Christmas -- without stifling your festive spirit.

Tips for frugal food shopping

1. Don’t up-shift the brands you buy

Christmas tends to bring out the shopping snob in all of us: where a bog-standard brand would do, we’re tempted by ‘Finest’ or luxury ranges.

A great money saving technique is to down-shift the brands you buy, replacing big name goods with supermarkets’ own versions. However, at Christmas, resisting the urge to up-shift is just as crucial.

Remember, it’s unlikely your guests will really ‘Taste The Difference’ -- but buying posher versions of products could seriously affect your shopping bill!

2. Consider quality vs. quantity

In the grip of festive fever, it’s easy to purchase more food and drink than you can hope to consume. But let’s face it, not many of us look forward to turkey sandwiches on Boxing Day.

Think carefully about how much of everything you really need. This should help you cut costs without compromising the quality of the items you buy.

Also, beware of promotions such as 3 for 2 and BOGOF. When they require you to buy more of an item than you’d originally intended, they don’t always offer good value for money.

3. Do it yourself

Often, it’s ‘time-saver’ foods that cost the most. Items such as pre-prepared canapés and pigs in blankets can be pricey -- so why not consider making simple snacks of your own?

DIY festive decorations can also be fun and easy to create. Cheap tea lights are widely available, and a few foundling chestnuts and pine cones (washed, obviously!) could add festive cheer to any dining table.

4. Start shopping early

On its website, Tesco states: “The earlier you shop, the more you save!” Yes, it sounds like a marketing ploy -- but it is probably true.

Supermarkets are likely to slow down the pace of special promotions and up their prices as Christmas comes closer. They’ll be aware that, in the run up to December 25, shoppers no longer have time to hunt for the hottest deals.

Therefore, it’s a good idea to start shopping as early as you can.

5. Shop around

While it’s tempting to blitz a single store and get all your food shopping done in one go, this isn’t necessarily the way to bag bargains.

Competition for Christmas business is strong this year, and the price war on ‘big ticket’ food items such as turkeys and champagne is aggressive. It’s worth checking whether the most expensive things at your favourite supermarket might be cheaper elsewhere.

Also, don’t forget that deep discounters such as Lidl, Aldi and Netto have surged in popularity during 2008. They’re likely to offer a good range of Christmas bargains.

6. Profit from your spending

Don’t forget that whatever you spend on food this Christmas could be earning you reward points, cashback or a combination of both.

You can read more about credit cards that offer reward points here. At the moment, the market leading cashback credit card is the American Express Platinum Cash Back card, which offers 5% cashback on everything you spend during the first three months.

Also, remember that if you have a collection of Tesco reward points stored up it’s worth resisting the temptation to spend them on your festive food. They’re worth up to four times as much when you redeem them online.

7. Shop online

As faithful Fools might know, I’ve long been a fan of online shopping -- and I think that, at this time of year, ordering your food via the worldwide web has even more advantages.

You don’t have to find somewhere (anywhere!) to park your car. Nor will online shopping involve fighting your way around a supermarket full of angry, stressed shoppers. But most importantly, shopping online will keep you safe from seductive special offers on Christmas goodies you simply don’t need.

I’d recommend buying your festive food via MySupermarket.co.uk. This super clever site will track how much your shopping would cost at each of the UK’s four major supermarkets (Sainsbury’s, Tesco, ASDA and Ocado/Waitrose), then allow you to buy your entire trolley of goods from the one that you choose.

As I write this article, it’s possible to select your shopping at all four supermarkets and book a delivery slot that will see your festive food dropped off a couple of days before Christmas.

However you choose to get hold of your goodies this Christmas, good luck doing it Foolishly -- and be sure to enjoy them!

More: The Best Credit Cards For Christmas Spending | Cut The Cost Of Christmas Shopping | Twelve Good, Cheap Christmas Gift Ideas

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Comments

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nominando 05 Dec 2008 , 1:41am

If you really want to eat well during the festivities and enjoy yourself, family and friends it's no use skimping on good quality food. Many supermarkets' brands are low quality food and I bet everyone can taste the difference, it's just that many don't bother or know how to cook with fresh good quality ingredients.

I regularly shop online for great quality food on these sites, and I heartily recommend all of them:

www.esperya.com
www.natoora.co.uk
www.nifeislife.com

Eating well and pleasuring on good food should always be a priority.

chrisall 06 Dec 2008 , 12:25am

We get a bargain 2 for 1 deal on Christmas dinner every year - we go her mums on Christmas day and mine on Boxing day :-)

bubblewrap1 07 Dec 2008 , 1:36pm

in answer to Chrisall, I have family and friends for a meal on Christmas Day and Boxing Day but I give each family a list of food/festivities to bring so that I do not have to finance everything.

janner77 11 Dec 2008 , 3:55pm

Given that most traditional Christmas fare is in season, you might do well to look to your nearest farmers' market or local food co-op for your ingredients. Because there's no middle-man and they don't charge the same kinds of mark-up as the supermarkets, you can find a lot of bargains. Here's a couple of recent articles:

http://www.guardian.co.uk/lifeandstyle/2008/dec/10/ethicalfood-foodanddrink

http://www.fwi.co.uk/Articles/2008/11/07/113018/credit-crunch-sees-farm-shops-and-farmers-markets-at-the-sharp-end.html

We might be going one step further this Christmas: if we don't get our kitchen installed soon, it'll be baked beans cooked on our camping stove for Christmas lunch!

deelighted 11 Dec 2008 , 5:25pm

Hey Nominado thanks for the links to those wonderful continental food sites. they're just what I've been looking for.

merrixmas

hungary 11 Dec 2008 , 7:49pm

I have just spent a most enjoyable time making two wreaths with one of my daughters. I spent 15 minutes in my garden cutting long tendrils of different ivy, and anything else that took my fancy and I considered would last when cut. Next the kitchen table was taken over by my cuttings. We twisted the ivy around each other and into a circle, bound it with twine, though florists' wire is good too. We then decorates them with berries and all the other leaves and twigs and flowers (the ornamental nutmeg especially looked good). An old cinnamon stick was added as well as some home-made dried slices of orange. Two rather fabulous wreaths resulted! We had such fun and it was so easy. And we saved £40 in the process and ours look so much nicer than the shop ones!!!

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