The $1.3 trillion student loan debt has been the talk of the town for quite a long time now. But today, I’m not going to discuss anything about this overwhelming debt. Come on guys, it’s Christmas time and I hope you don’t want me to talk about student loan debt. Isn’t it?
Let us focus on something else today. Don’t get panicky if you have a devastating student loan debt. You’re not the only one. There are millions of them along with you. Also, do not let this devil ruin your Christmas enjoyment. You can still have fun this Christmas with a student debt burden on your shoulder.
So, how will you do it? Well, it’s not a problem if you don’t know what to do. Continue reading and you’ll have an idea of celebrating Christmas while in student loan debt.
We all use credit cards. But, when you’re in debt say a big NO to your credit cards. You’re already loaded with student loan debt. So, don’t let these plastics add more to your debt pile. Spend only that money which you have.
Budget, budget, and budget! It should be your Christmas shopping mantra. Before you rush to buy Christmas presents, slow down.
Don’t overdo it.
Since money is limited, try to slash your Christmas shopping list. Never go to extremes or borrow money to buy Christmas presents. You should neither go to extremes nor borrow money to buy Christmas presents. By doing so, you’ll go more into debt.
So, what’s the solution? If possible, try to slash your shopping list. No one has sworn you to buy them gifts.
Do you realize that if you accept each and every invitation, your expenses will go up? So, learn to say ‘NO’ and accept those invitations that are important to you and which make you happy.
Instead of giving presents to every individual whom you know, give gifts to those people that are important to you.
Instead, purchase gifts that are essential. It’ll help you save more money on Christmas shopping. In short, avoid useless expenses.
Expenses tend to get bigger and bigger when you buy individual gifts. Instead of purchasing so many gifts, try to buy group presents that’ll shorten your expenses like movie DVDs, photo frames, and so on.
If you have been throwing lovely and lavish Christmas parties for the past years, stop it.
Don’t hide anything from them and clear any air of confusion beforehand. Setting expectations ahead of time won’t put much stress on your finances as well.
Some people love to decorate their home lavishly during Christmas. It’s good if you’re one of them, but this year your situation is different.
Don’t get disheartened. If things get back to normal next year, you can enjoy Christmas the way you want.
Homemade, handmade, and handcrafted - these are the best options you have when you’re stuck in a financial crunch. Moreover, a handcrafted gift will add more value to your Christmas wishes.
If you want some more DIY gifting ideas, search Google.
If your parents have been complaining that you don’t give them time, prove them wrong this time.
Do you live separate from your parents? If yes, then make a surprise visit to them. Believe me, this will be their best Christmas ever.
Christmas is the time to enjoy and live the festive spirit. So, don’t let your student loan debt burden overshadow your enjoyment. What if you have a debt? The above ideas are great to celebrate Christmas with a bit of control over your finances.