Progeny ranked 7th in FTAdviser Top 100 Financial Advisers 2019. Read more → ×

I absolutely love this time of year. Every day, Christmas is getting closer and as it approaches all the festive traditions start to emerge. There are the ones we all know and love, like writing our Christmas lists, sending cards and watching the Strictly Come Dancing Christmas special! (Honestly not me – I have daughters!). There are also those that are particular to our families that have developed over the years and become regular fixtures in our own festive calendars.

As we start the run-up to Christmas in earnest, I’m always reminded of the traditions we had at home when I was a child, the spirit of which have survived to the present day and I hope will continue for many years to come. As a family, we always decant some vintage port on Christmas Eve and leave out a glass, a bowl of milk and a carrot for Father Christmas and his reindeers on Christmas Eve. I even track his progress on NORAD, but as my daughters are all in their teens now, I think this tradition is more for my wife and I than it is for them.

During the course of writing this blog post, many individuals have shared some of their traditions with me. My challenge to you all is to share any of your Christmas traditions by leaving a comment.

Setting a Charitable Example

My first Christmas in the UK was 1977. We moved from Kenya, but the relocation had not gone according to plan and we had lost everything. When we arrived in the UK – myself, my parents and my five siblings – we were back to square one.

Despite this, it remains one of my happiest memories, as my parents filled the house with decorations and the spirit of the season. It’s a custom I’ve continued. We always have two Christmas trees in the house, and I love putting up the decorations with the family, always around 3 weeks before Christmas day and left till the 6th of January.

During this era, my father started a tradition that said a lot about him and the example he wanted to set to his children. After the initial shock of losing everything, he set about getting a job and worked hard for the rest of his working life (and beyond – he retired when he was 70) to build up a new livelihood for himself and his family. On the 1st of January every year, he would buy a large can of beer. He wasn’t much of a drinker so he would drink it very slowly. When empty, he would put whatever spare cash he had into the can throughout the year. Then, when the following Christmas rolled around, we would open up the can, count the money. Some was given to the Children to buy presents for each other, some was always given to a homeless charity, and the rest was spent on Christmas.

Even though our financial circumstances had taken a blow, he still found a way to show us the importance of giving to others at Christmas. My father passed away a few years ago and when I was going through his belongings, I found his last can, still filled with his spare cash, £5 and £10 notes now he was comfortable, all set aside for the next Christmas. It was a tradition that was born at a time when we didn’t have much ourselves, but which he kept up throughout his life.

Instilling Values in the Next Generation

In my own way, I have continued this tradition in some way with my children. We don’t use the beer can anymore (although I did keep the one that I found after my Dad passed away as a treasured memento). But we do plan, write and send a small gift to all the children we sponsor every year before Christmas. It’s my way of passing on the importance of charitable giving to them, just as it was passed on to me.

In a similar way, when my wife and I got married, we decided that however much we spent on our own Christmas, we would also donate or give away the same amount to people and charity each year. The festive period is a time for celebration when it’s easy to get carried away with the excesses of the season. This is what makes it so enjoyable, but it can also be the source of much post-festive guilt about over-indulgence. Making sure we donate the same amount to charity as we spend on ourselves is how we bring some balance to the festive excess and try to do some good at the same time.

Like many families, we are lucky enough to be able to afford to celebrate Christmas, but with that luxury comes the responsibility of helping those less well-off to do the same.

Surely a true measure of our success in life lies not in what we achieve or acquire for ourselves, but in the positive impact we make on the people around us, those we know but also those we don’t and will never know. By trusting in these time-honoured Christmas customs, we can be sure to play our part in upholding the traditions that will keep on giving for many generations.

Progeny have launched a Charitable Foundation aimed at making a positive difference for years to come. We will provide children and young adults opportunities to help them achieve all they can, by way of education, sport or experiences, where they would not otherwise be able to due to illness or being disadvantaged by their social or economic background. If you would like to find out more, please get in touch.

This article is distributed for educational purposes and should not be considered investment advice or an offer of any security for sale. This article contains the opinions of the author but not necessarily the Firm and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable but is not guaranteed.

Past performance is not indicative of future results and the value of investments can fall as well as rise. No representation is made that the stated results will be replicated.

Author Andrew Pereira

Director, Wealth

Andrew has been working with families, high-net-worth clients and business owners for well over 20 years.

Learn more about Andrew Pereira

Join the discussion 8 Comments

  • Alison Tankard says:

    Andrew, what a beautiful post and one which I will share with my son, so that he can adopt the same principles with his new born daughter, Evelyn Grace, and the generations that follow.

    Over the last seven years I have to say that Christmas for me and mine has changed massively due to the loss of two older family members; whilst still a celebration, it is now also tinged with great sadness. Our tradition now is to come together as a whole family at Christmas lunchtime to raise a glass on Christmas Day and celebrate their lives in the place that both ‘gentlemen’ favoured.

    • Andrew Pereira says:

      Thank you for your lovely comment Alison. That sounds like an excellent way to remember your loved ones. I am glad that you will be sharing my post with your son! Have a wonderful Christmas.

  • Carol Henry says:

    Andrew’s post was uplifting. I feel very strongly that I give as well as receive, and hope to have passed that belief on to the next generations.

    Well done Progeny for supporting disadvantaged young people – keep up the good work.

    Happy Christmas to you all.

  • Anne Martin says:

    Hi Andrew,

    Thank you for an inspiring post. A brilliant suggestion for us all this Christmas. That giving makes us grateful for what we have, ready to share.

    Very glad that Progeny has a Charitable Foundation.

    Happy (unwasteful) Christmas.

  • Bernadette Fagan says:

    Hi Andrew, what a beautiful post which says so much about who you are and the wonderful family you have raised. Your father would have been so proud of you, and you are keeping the best of his legacy alive. This is the true spirit of Christmas.

    Bernadette Fagan

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.