How to survive Christmas on a student loan
9th December 2014
Christmas is suppose to be a joyous occasion, but when I look at my bank account at this time of the year I disagree. It’s a tough time for everyone in terms of money, but particularly for students.
Today I’m going to share 5 tips to help you and your bank account to survive Christmas.
1. Don’t go overboard with spending.
People understand that you are a student and therefore have little money to spend at Christmas. There is absolutely no point in getting yourself into financial difficulty over one day. Set yourself a limit for how much you can spend on each present and stick to it. If you do the maths and work out that your limit for each person is too high then adjust accordingly.
It shouldn’t matter how much you spend on a person. After all, it’s the thought that counts.
2. Handmade presents.
So you can’t afford presents? Why not hand make gifts! People really appreciate the fact you have taken time to make something for them and it can be so much more meaningful than a store bought gift.
3. Secret Santa.
If you’ve got a large group of friends to buy for, or perhaps your flat mates, then you might want to consider doing a Secret Santa. Everyone gets a present plus you save lots of money. Also, getting together to share presents is a great way to end the year.
4. Go home and stock up.
I don’t know about you but when I think of going home for Christmas I think about food. Lots and lots of branded food. It’s a novelty for us students! It’s almost a guarantee that food and drink will be left over, so pack yourself a goody bag of leftover chocolates, snacks and alcohol ready for going back to university.
5. Wait for the sales.
When you are shopping for presents for others it can be very tempting to pick a few things up for yourself. Try your very best to avoid the extra spending on the run up to Christmas and wait until the sales.
Also, it’s so much more satisfying to buy something in the sales that you were eyeing up before it was reduced.
What are your tips for saving money at Christmas?