The holidays are fast approaching, but money is limited; students need to find a way to celebrate whilst making sure they don’t break the bank. Here are some student friendly Christmas tips to help you save money:
A lot of students don’t know how to budget as they haven’t had any help. Most students only started living on their own once they got to university, so they have been thrown into the deep end without knowledge on how to maintain their money throughout the year. Which is why a lot of students end up with £3.58 to their name by the end of the semester.
Setting a Christmas budget is a great way to maintain your spending. Setting a goal and saying, “I’ll be spending £10 towards the Christmas meal, £5 each on gifts.” Don’t be too ambitious, as a student it’s expected that your financial status won’t be stable.
- Going home for Christmas?
Make sure all train and coach tickets are booked well in advance to make sure you save. Maybe consider coach instead of train this Christmas as coach tickets tend to be much cheaper than train overall. Don’t book coach/train tickets too close to Christmas either, try to make sure you go earlier than the day before Christmas eve as Trainline and National Express like to charge extortionate amounts for tickets too close to Christmas.
- Home Made Gifts
Never underestimate the power of homemade cards and gifts. Christmas isn’t solely about the gift giving, it’s about the community and spending time with loved ones, therefore said loved ones shouldn’t mind that the gifts are handmade, at the end of the day it’s the thought that counts. This also gives you a chance to show off your creative side. Here’s a video I found which will hopefully inspire some creativity.
4. If you MUST buy gifts, look for sales
Don’t be overly ambitious with gifts, look for sales happening in your area and online. Utilise Unidays, a lot of the time Unidays gets overlooked but they actually offer a nice variety of discounts for many different high-end brands, so making sure you sign up for Unidays would be a good investment for saving money on gifts at Christmas time.
- Split the cost of Christmas Meals
If you want to celebrate Christmas before Christmas with your flatmates at university with a Christmas meal then splitting the cost of the meal between the house is the best way to go. Not only will this save money but it will also save time as if each person picks one or two items to buy and cook it saves money and the work load is split up evenly between the house. A way to make Christmas dinner a bit more exciting would be to invest in some cheap decorations which can be found at any local store