Is It Time To Ban Christmas Presents?

31st October 2020

Martin Lewis from Money Saving Expert updated his blog on the topic of Christmas presents and debt.

Update October 2020: While everything else has changed this year, one thing is still rock solid and steadfast - this 25 December, it'll still be Christmas day. Yet of course for some, probably many, it’s likely to be a very different Christmas. Perhaps though, the bronze lining to the hideous spectre of Covid throughout the festive season, is that may just take off some of the cost and pressure that many feel in the run up to the big day.

It’s been over ten years since I first braved the subject of banning unnecessary Christmas presents – expecting a snowstorm of protest. Instead, year after year more join in, like Julia who tweeted me, " @MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you."

The video you’ll see below too went viral, being shared by over 10,000,000 on Facebook. One year even the Archbishop of Canterbury supported this stance on my TV show. Yet this year, I think we must also be minded to consider the impact on retailers. So for the remaining presents you do buy, with some of the money saved by not buying tat, perhaps make sure you support your local businesses and help them ride through the Covid storm too.”

Check out the short video and the full blog HERE