The holiday season is a merry time for everyone. For college students the months of November to December are filled with festivities, parties, and best of all school-break. College students excitedly prepare for these occasions, to enjoy time with friends and family.
If you’re a student, are you ready to face the holidays? What about your wallet? On this post, we present holiday spending tips on how you can enjoy the celebrations without the guilt and stress brought about by bad debt.
Get a part-time job. Have you thought about getting a part-time job this holiday? The money you will earn can help you fund your expenses instead of taking out from your savings or charging purchases to credit. Many retails shops and restaurants are hiring during the holiday seasons so getting hired should not be difficult at all.
Buy and sell at auction. Check out online auction sites like eBay as you are most likely to find the best deal here than from brick-and-mortar stores. Do you have things that are still in good condition but you don’t use anymore? Why not sell them through online auction and make extra money? Take advantage of the holiday season as more people would be bidding at auctions, looking for best buys.
Make a list. Who are the people you plan to give gifts to this year? Don’t feel bad about not being able to give a present for everyone. You don’t want to go into debt just to buy gifts for everybody. It’s a good idea to make your gift list early so you can have more time to do your shopping. When gifting, consider the person’s interests and hobbies. Even an inexpensive item can mean a lot for a person if it matches with his/her passion.
Make your own greeting cards. Why spend money buying store-bought greeting cards and you can create your own handmade cards? Use the internet to find inspirational quotes that fits well with the season. Be sure to customize each card by including your own personal message to make it even more special. If you can’t buy a gift for someone, a greeting card that is thoughtfully made will surely do.
Avoid the holiday rush. Before buying anything, it’s very important to shop around and compare prices. You are more likely to go over the budget if you are in a hurry or if you’re trying to buy everything at once.
Go easy on your student credit card. If you have a student credit card, you might be thinking about charging a few purchases to your credit. However, you should seriously consider some things before swiping that plastic. How much do you plan to charge to your student credit card? Will you be able to pay back your full balance on time? How do you plan to pay for these debts? If you are not sure about the answers, the best thing to do is not to go into debt. Don’t use your student credit card if you are not sure about repayment.
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