Christmas is pretty tough time for us students, and we have kindly been provided with an article with a list of tips to get you through! Let me know what you think.
Saving money before Christmas
Christmas can be incredibly expensive, especially for students. This means now is the perfect time to cut back on your spending so you can really enjoy the festive season and hopefully get involved in all the fun and frolics associated with the weeks leading up to the end of term without having to skimp on buying presents for your loved ones.
No more unnecessary purchases
It’s wise to limit your outgoings as much as possible in the weeks leading up to December. Questioning virtually every purchase you make should help you a great deal. You may wish to stick to own-brand goods at the supermarket and cut down on nights out so you can enjoy them later on in the term. Nights in can be just as enjoyable as nights out. Why not consider asking a group of friends round for a movie night or a pamper night? Maybe you could cook for your friends instead of ordering an expensive take-away? Don’t feel bad about turning down a big night out – there will be many more opportunities to head out during your student years, and you’ll probably be happy you gave it a miss later on.
Making your own Christmas cards is a popular move. This allows you to be truly creative whilst saving a great deal of money. Your loved ones are bound to appreciate the effort that you’ve put in to designing and making them. Alternatively, you could make cute craft inspired presents.
Smoking and Drinking
Smoking is terribly unhealthy, so why not try to give up or at least cut down? Simply cutting down can make a big difference to your bank balance, but ditching cigarettes altogether can give you the financial boost you need to make this Christmas a success.
What about cutting down on booze? Drinking can make you extremely unhealthy whilst ruining your ability to focus on your studies, so it may be wise to cut it out completely for a month or so. Even if you just cut down a little or avoid going out as much, you can make big savings. Nights in with friends can be remarkably cheap compared to going out, and the amount you spend at the supermarket or off-licence on alcohol can be tiny in comparison to what you’d fork out in pubs and clubs.
Could you raise extra cash?
Most students are in the same boat when it comes to fearing the cost of Christmas. If you have a part-time job, why not ask for extra hours as long as they won’t interfere with your work? Why not see what the voucher code websites have to offer? These sites have attracted a cult audience over the years who never miss out on a saving if it appeals to them. Price comparison sites can also help you avoid spending more cash than you need to in the run up to Christmas. There are many finance sites online that can help you come up with new ideas for making and saving money in the run up to the festive period.
Before you go food shopping, why not produce a list and stick to it, without snapping up unhealthy additional treats that you do not need? Don’t go food shopping when you’re hungry if possible, as you may find yourself spending far much more than you can afford. Discount and pound shops are also great places to save money if you do have unavoidable purchases to make. Do you have loyalty cards? Then why not see how many points you’ve amassed? You may be due significant rewards especially on the run up to Christmas!
It’s also a good idea to make your own decorations, hampers and gifts. Many students bake their own sweet treats instead of buying them. This will not only save you money, but might make thoughtful presents for friends and family.
Spread your Christmas savings
Once you have saved as much as you think you need, stay sensible to make the cash last as long as possible. You may need money for catching up with friends when you return home for Christmas, so avoid wasting cash and only go to the best Christmas parties rather than attending absolutely everything. Why not ask a friend to save with you so you can encourage each other and focus on your targets? Making a few financial sacrifices now will help you make the most of Christmas and the party season whilst hopefully helping you to focus on your studies.
Everybody tries to save money in the lead up to Christmas and it can be hard but if you have bigger dreams in mind such as saving to invest in your business dreams then Raymond James Financial Advisors in Kent are a great contact to have for a later date. When the time is right and you’ve saved your hard earned cash to turn your dream into a reality you will need to talk to a financial and investment adviser. Find a local investment company and book a meeting to discuss your investment plans, face-to-face meetings are a priority so be sure to find a friendly service that can provide trust worthy advice.
*Disclaimer: this post was kindly provided to us and therefore contains an advertisement.