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How to save money as student this christmas

If you are living in student accommodation in Bristol, Cambridge or Coventry this christmas, you probably want to save as much money as possible while still enjoying your christmas break. This can be difficult on a student budget, however, so we’ve put together some helpful tips on how to save money as student this christmas.

Prioritise Your Presents

Christmas is about giving, but on with student finances it isn’t always possible to give to everyone. To save your wallet during the christmas period, don’t buy expensive presents for every single one of your friends and family. Most people will understand if you only get them something small or nothing at all, as they will know that students don’t have the biggest budgets.

DIY presents

As student living can become so expensive, presents might seem like a difficult purchase to make. One great alternative is making your own presents. This could be anything to from baking a cake to making arts and crafts. If you have the free time, these sort of presents can often be more thoughtful than just going to the shops and buying something.

Plan your budget

Budgeting is essential around christmas. It’s one of the most expensive times of year and as student loan payments are made in January, you are often at the last of your finances. Knowing exactly how much you have to spend is the first step. It might be seem like a good idea to just ignore your bank balance over the holiday season but this can lead to disaster. Write down exactly how much you have and try and separate your spending out into different categories. Stick as closely as you can to this plan and you won’t overspend.

Don’t let money ruin your holidays

Most importantly, have fun over Christmas. Although, not overspending is important, Christmas is the one time of the year where you don’t have to count every single penny, even if you are a student. You are probably going to spend more money than usual, so don’t let it stress you out too much even if you go a bit over budget. As long as you don’t blow your whole next terms loan, it shouldn't be too much of an issue.

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