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Money saving advice for students at Christmas

December 6, 2016 | Students  

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  1. Set a realistic budget

Calculate how much you can afford to spend, set a budget and stick to it! Why not agree a spending limit with your friends or family members to make sure you don’t get carried away. There are some really great offers on this year, so you can bag yourself a decent present for under £10.

 

  1. You don’t have to buy for everyone

Make a list of who you really must buy presents for. If you have a group of friends or siblings that you really don’t want to cut from the Christmas list then why not do a Secret Santa. Set a £5 or £10 spending limit then you only have to buy one small gift instead of a few. Alternatively, you could organise a meal out or a day trip to cut down on present costs.

 

  1. Get creative

The best presents aren’t always big and expensive. Homemade presents are really personal, and parents and grandparents will love them! So why not make some jam or chutney, go retro with a mixtape or put a nice photo of you and your siblings in a photo frame for your parents.

 

  1. Think outside the box

Decorations don’t have to cost a fortune. Take a look around the house, there will definitely be bits and pieces that can be used in a resourcefully festive way! Tinsel is so last year, make paper chains out of old magazines and wrap presents in newspaper or lovely brown parcel paper for a real vintage look.

 

  1. Discounts and offers

If you already have a NUS extra card then take a good look at all the discounts available using the website or via the free smartphone app. There will be some discounts that you probably don’t use in your day to day spending as they’re not relevant to you, but they may be relevant for the people you’re buying presents for, so make sure you take advantage. And no matter which shop you’re in, don’t be shy and ask if they give student discount – if you don’t ask you don’t get!

 

  1. Above all – enjoy yourself!

Christmas is meant to be fun, so don’t let financial pressure ruin the festive season. If you can’t afford to buy gifts then tell your family, we’re sure they’ll understand. They will much prefer having your presence to your presents!

 

Let Leeds would like to wish you a very Merry Christmas.

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