This week, we speak to Patrick Reid, 56, a millionaire FX mentor and trader who lives in London with his partner. Patrick\u2019s birthday is close to Christmas<\/a> and he plans to spend \u00a35,000 on treats and gifts for himself during the festive period. His partner can expect gifts of up to \u00a310,000 for Christmas this year. <\/a>If the idea of cooking on the big day becomes too daunting, Patrick plans to upsticks and head to The Dorchester in London for a Christmas feast. <\/p>\n \nMonthly and Christmas Budget<\/p>\n My monthly income: <\/strong>My monthly income: I generally make between \u00a320,000 to \u00a350,000 each month from my work as an FX mentor and trader.\u00a0<\/p>\n My monthly outgoings: <\/strong>Mortgage for my girlfriend\u2019s property, \u00a33,000; council tax, \u00a3200; groceries, \u00a3700; gas and electric, \u00a3350; water, \u00a3150; broadband, \u00a350; mobile phone, \u00a347; personal stylist; \u00a3900; private sports club, \u00a3350; money into savings and investments, at least \u00a36,000 per month; clothes, \u00a32,200; spas and facials, \u00a3900; holidays, \u00a32,000 a month; dinners and entertainment; \u00a34,000; Uber, around \u00a3600 each month.\u00a0<\/p>\n My Christmas budget:<\/strong> Pre-Christmas session with stylist at Harvey Nichols, \u00a31,500; money for food on Christmas Day, \u00a3900; alcohol for guests over Christmas, \u00a3400; Scandium and Heals Christmas decorations. \u00a3450; gifts for my partner, between \u00a37,000 to \u00a310,000; presents for family, \u00a33,500; presents for friends, \u00a31,200; presents for colleagues, \u00a3800; post-Christmas shopping sales, around \u00a35,000. I\u2019ll be spending about \u00a35,000 on birthday and Christmas treats and gifts for myself, including tea at Claridge\u2019s, a facial at Theresa Tarmey and a day with my meditation guru.\u00a0<\/p>\n<\/blockquote>\n This year I\u2019ll be having a quiet Christmas at home with my girlfriend and close family. I\u2019m taking two weeks off as I feel I need a good rest. <\/p>\n New FeatureIn ShortQuick Stories. Same trusted journalism.<\/p>\n The exact amount of money I will be spending this Christmas will depend on how well The Adamis Principle, the trading and mentoring business I own, has done this year. We\u2019ve had our best year ever but a lot of our clients are leaving the UK because of fiscal uncertainty. So, to some extent, I will not go mad on the spending front this Christmas. <\/p>\n Ahead of Christmas, I have a number of activities lined up, including a facial and tea at Claridge\u2019s. I also plan to get a massage somewhere. As my birthday and Christmas are fairly close together, I\u2019m planning to spend around \u00a35,000 on treats and gifts for myself over the next few weeks. <\/p>\n When it comes to buying gifts for other people, I only spend what I can afford. I always try to put a lot of thought into the gifts I buy for my partner and close family and friends. I once arranged for my girlfriend to have a day in a studio as she loves singing. <\/p>\n It cost me \u00a31,500 but was worth it just to see the smile on her face. I also once spent \u00a36,000 on a week\u2019s skiing in Saint Moritz for my girlfriend as a gift. <\/p>\n This year, I\u2019ll be buying a couple of experiences for friends, including a hot air balloon trip and a trip to Lapland. Much as I like the idea of making my own gifts and cards, I rarely have the time and am rubbish at art. In total, excluding gifts and treats for myself, I will be spending in excess of \u00a315,000 on gifts this year. This will include up to \u00a310,000 on gifts for my girlfriend. <\/p>\n With the help of a friend, I will be cooking on Christmas Day, though all the planning is a bit last minute. I imagine I will go to a local organic farm to get all the essentials for the big day. I\u2019ll also get an order in from Marks & Spencer or Ocado. <\/p>\n For more exclusive items, I will go to Harrods or Fortnum & Mason. I\u2019ll need a vegan option for myself. My nutritionist is vegan and always a very good influence on me. I think all the food I\u2019ll need for Christmas will cost around \u00a3900.<\/p>\n While I don\u2019t drink alcohol, I\u2019ll spend around \u00a3400 on drinks for guests. Failing the cooking at home option, I have considered plumping for a meal at The Dorchester hotel in London. This would certainly be the easier option. <\/p>\n I went through a phase of enjoying spending Christmas in hot locations like Thailand. While it might sound strange, I now think there is something quite nice about winter, a good cold snap and cosy nights in. I really enjoy being with loved ones and walking in the countryside at Christmas. <\/p>\n Although I\u2019m spending Christmas in London, I will be travelling a lot in January and February, particularly to Dubai where I have set up a new business. I\u2019ll also be heading to Zurich, Lisbon and Scotland early next year. <\/p>\n I do find the week after Christmas a little depressing, but plan to make the most of the January sales as I love a good bargain. <\/p>\n","protected":false},"excerpt":{"rendered":"Patrick Reid is full of the festive spirit when treating family and friends – and he’s also got…\n","protected":false},"author":2,"featured_media":222503,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[832,79,16838,18,6996,19,17,3521,234,235],"class_list":{"0":"post-222502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-budgeting","9":"tag-business","10":"tag-christmas","11":"tag-eire","12":"tag-how-i-manage-my-money","13":"tag-ie","14":"tag-ireland","15":"tag-lifestyle","16":"tag-personal-finance","17":"tag-personalfinance"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115686039225959386","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/222502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=222502"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/222502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/222503"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=222502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=222502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=222502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Patrick](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/12\/SEI_276485699.jpg\")
Patrick Reid will be buying a couple of experiences for friends, including a hot air balloon trip <\/p>\n