College students aren’t known for being flush with cash, but you do want to be able to get gifts for the people you love this holiday season.
Luckily, there are ways to do that without going way over your budget. Try these ways to save yourself some money while still getting friends and family some awesome gifts.
1. Hit the thrift store
Lots of people are cleaning out their closets and garages and donating things to thrift stores this time of year. Thrift stores have been going through a resurgence as places to find awesome stuff. Instead of going to the mall like usual, try the local thrift shop to see if it has anything promising.
The trick to thrift shopping is being willing to put in more time for the gift than money. The shop may look daunting at first, but once you start digging, you’re bound to find some good items. If you have any friends or family that collect records, thrift stores almost always have a decent selection. You never know what else you’ll find!
2. Try Groupon
If you haven’t used Groupon before, now’s the time to start. Not only can you get great deals on electronics, clothes and hair straighteners, but you can also get discounts on experiences. The millennial generation is all about choosing valuable experiences over things that they don’t really need.
With Groupon, you can get a spa day for your sister, a laser tag showdown for your brother, and movie and dinner dates for friends and significant others. Groupon also offers tickets for concerts and shows as well. The best part about most of these is that you can join in with them, so you’re getting a gift for someone else and yourself! It doesn’t really get any better than that.
3. Bundle and save
Instead of choosing one or two things you think they might like, save 7% to 15% with bundled sale items. Some places let you choose your own bundle from a certain selection, while others have kits already bundled for you to pick from.
Try a customized bundle with some of their favorite things, or a themed bundle with items already in it you know they’d love. Sometimes a bunch of little, thoughtful things are better than one big thing.
4. Go in on group gifts
Get together with your siblings and see if they would want to go in on group gifts for mom and dad. Chances are, your siblings aren’t rolling in money either, and will be all for this idea. This way, you can show your parents how much you appreciate them and get them something nice they’ll really love instead of the candle you usually get them.
Parents are always going to like what you give them, but getting them a bigger item than normal is worth it for all they’ve done for you. If possible, you could include little touches from each of the siblings so you each have your stamp on it.
5. Start a Secret Santa
Another good idea for large families or bigger friend groups, a secret Santa ensures everyone gets a gift and no one is left out. It also means you can set a budget that everyone sticks to, so no one is going over what they want to spend. You save money, too, by not having to buy a gift for every single one of your friends.
Plus, a secret Santa exchange is just plain fun! Make a party out of it before you all head home for winter break. Meet up in someone’s dorm room, wear your most obnoxious Christmas sweater and heat up some hot chocolate. You’ll make great memories in addition to giving gifts.
6. Do It Yourself
If you’re a crafty person, a homemade gift is always better than a purchased one. People love and appreciate that you’re taking the time to make them something and that you’re putting your heart into it.
With finals and a small dorm, you may be a bit limited, but there are still ways to work it out. Try knitting or crocheting while you’re looking over your notes for class. Find other friends that are likeminded and have a crafting weekend where you all pitch in on shared supplies and make gifts for friends and family. It may be tricky, but there are ways to make it happen while saving a bit of money.
7. Pay With Cash
We’re so used to paying with credit cards anymore, but paying with cash lets you know exactly how much you’re spending so you can’t go over. If you’re headed out to shop, you can make a literal budget by taking out only as much cash as you’ve allotted for holiday shopping. Leave your credit cards at home so once you run out, you’re done. You can’t buy anything else.
8. Buy bundles, give singles
This doesn’t just have to be bought at the holiday season. You can buy any time during the year that you have a bit of extra money. If you know your friend or family member collects a certain something and you have a chance to buy a lot of it for a good price, go for it. That way you have gifts for them for the holidays, their birthday and maybe some just because.
This also works for things that aren’t necessarily collections. If you come across a book sale and have a bookworm friend, you can buy a large bag of books for a decent price and give them one at a time. You also have time to read them yourself before you gift them. This also works for things like movies and video games, if you come across someone selling them in bulk.
9. Keep to a strict list
One thing that always seems to happen is a friend gives you a gift when you weren’t planning on giving them anything. While it’s hard to not immediately go buy them something in return, if this happens multiple times, you’re going to be broke real quick. Tell them thank you and offer to take them out for lunch or buy them a drink sometime in return.
Another way to combat this is to keep a gift box with some little, but nice, things you collect over the year in case this happens. It can be $10 gift cards for coffee, little trinkets or jewelry you’ve found at yard sales, or any other small things you think someone would like. This way you’re never short a gift in this situation.
Holiday shopping doesn’t mean you have to spend your entire savings.
Budget and use these tips and tricks to make sure both your loved ones and your bank account are happy this holiday season.