Money Matters

Stay Out of the Red This Christmas

By Dec 22, 2020 No Comments

Stay Out of the Red This ChristmasLiving on a tight student budget means being extremely careful so that you can stay out of the red this Christmas when it comes to buying presents for friends and family. Obviously, you want the presents to be thoughtful; however, you definitely don’t want to have to spend a fortune in the process. Here are some top tips for staying out of the red and celebrating Christmas on a budget.

Re-look your Christmas gift list

Are you buying certain people gifts simply because you feel obligated to do so? Are you even sure that they will be buying you a gift in the first place? Take a long, hard look at your gift list and drop as many people from it as possible. Alternatively, give them all a heartfelt Christmas card or some homemade Christmas cookies, therefore saving your bucks for presents for only your nearest and dearest.

Scale down and stay out of the red this Christmas

Considering the financial toll that COVID has taken on everyone, your loved ones will almost certainly be relieved to hear some ideas in terms of scaling down on the amount spent on presents this year. Opt for a ‘Secret Santa’ style gift exchange (where everyone in your family or friendship circle only buys one special gift after drawing names out of a hat) or set a spending limit for each gift.

Look online

Avoid the queues (it’s not easy to social distance at the malls right now!) and save some cash by doing all of your festive season shopping online. This allows you to compare prices to ensure that you get the best possible deal, all the while saving you time and reducing your stress.

Keep in mind that online shopping will be more popular than ever this year (for obvious reasons), so don’t wait until the last minute to get your orders in.

DIY your gifts

If you don’t have much money to spend on presents online or in-store, why not make them yourself instead? You could get creative and make gingerbread fudge, all-natural bath and body products (think avocado, lemon juice, coconut oil, bananas, etc.), snow globes out of recycled glass jars, knitted goodies, and much more.

Do you have a few tips for saving money this Christmas? Share them on our Facebook page using the hashtag #ChristmasSavings

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