The average household spends at least £500 on Christmas gifts and celebrations, according to the Bank of England. And if you find yourself struggling each year to cover the cost of the Christmas season, there’s a simple way to free up some spending money.
Switching your energy, broadband, mobile and other home services could land you a better, cheaper deal and save you up to £918* each year. That’s money that could be spent on food and gifts rather than broadband and electricity bills.
Rik Smith, energy expert at Uswitch, said: “Many people think that saving money literally means cutting back on everyday items - but it doesn’t have to be like this. The biggest savings can often be unlocked by switching utilities and services. The average household could save nearly £1000 a year by switching to better deals, which could mean that Christmas is already covered for the next couple of years.”
Between 1 January 2019 and 20 June 2019, at least 10% of people who switched energy supplier for both gas and electricity with Uswitch saved £477 or more.
According to Good Housekeeping in 2018, a Christmas dinner for eight people costs about £24.90 per person. If you saved £477 by next year’s festive season, you’d have enough to buy 136 Christmas dinners - that’s enough for a family of eight… 17 times over!
Switch to a better deal today!
In 2019, the average yearly out-of-contract cost for broadband from the Big Four providers (BT, Virgin Media, TalkTalk, and Sky) is £491.91. In contrast, the cheapest broadband deal on the market currently comes in at £299.40 per year.
This works out as an average saving of £193 per year, which can be put towards any number of gifts next Christmas.
One of the most popular Christmas toys of 2019 is Bank Attack, a game which you can order from Amazon for £18 — you could purchase 10 of them to gift to your family or friends and still have change left from your savings on a new broadband deal.
See Uswitch's top broadband deals, including exclusive offers from leading providers
More than half of people who switched their 24-month mobile contracts with Uswitch saved up to £148, compared to switching networks directly (1 Jan-30 Jun 2019).
According to the Metro, the average Christmas tree costs between £10 and £30. That means that if you switch and save £148, you could have enough for at least four Christmas trees next year.
Check out our top deals on the latest mobile phones here.
Many banks offer gifts all year round to entice you to switch your current account. These introductory offers can include cashback on your bills, or a cash bonus.
Nationwide currently offers £100 each for you and a friend when you refer a friend to switch to them, while Santander is offering cashback on your utility bills and council tax.
With the average children’s stocking fillers costing £71 (according to the Daily Mail), you could treat the kids and have a little left over to put something extra under the tree.
Take a look at the current accounts Uswitch could help you switch to here.
Put your money to good use next year by cutting down on the cost of your household bills and switch now for more in your pocket in 2020.* Total savings from switching energy, broadband and home phone, mobile and current account = £918.