Finding extra money for gift giving isn’t easy for many of us, but for college students, it can be especially difficult. To help make those limited funds stretch as far as possible, we’re sharing some helpful holiday shopping tips for students on a budget. We hope it makes a difference!
Holiday Shopping Tips for Students on a Budget
1. There’s an App for That
Apps like Mint can be used to sync and connect all financial accounts, making it easier for students to stay on top of their budgets. It helps them manage money, create budgets, track spending and pay bills on time.
2. Get Extra Credit for Your Shopping
Most major credit card issuers offer an online shopping portal. Shopping through the portal at your favorite stores earns you cashback. You can then redeem those credit card rewards for a statement credit or a direct deposit.
3. DIY to Save Dollars
Easy DIY and homemade gifts not only can save money, but can be especially meaningful to the recipient. A few inexpensive and easy-to-make gifts for students include:
Inexpensive candy gifts in adorable packaging.
Mason jars filled with delicious treats for late-night study sessions.
Tie or braided blanket using your school’s colors or favorite sports team.
Handmade sugar scrubs for your bestie, mom or sister.
Homemade treats or hot cocoa kits for holiday parties. Make a few extra for impromptu gifts.
4. Make Your Money Work for You
If using a credit card to purchase gifts, use one that gives discounts from your favorite retailers and lets you earn cash back rewards.For example, the Discover it® Chrome for Students card gives cardmembers:
2% Cashback Bonus® at gas stations and restaurants on up to $1,000 of combined purchases quarterly
1% Cashback Bonus on all other purchases
The ability to pay with your Cashback Bonus on Amazon.com
New cardmembers can get a Good Grades reward where you can earn $20 in Cashback Bonus if your grade point average is 3.0 (or equivalent) or higher each year you are enrolled in school, for up to five years from your account opening.
Know someone in college? Share these holiday shopping tips for students on a budget with them!
And just for fun… I thought I’d share Discover’s 2015 holiday shopping survey. Are you a selfie stick hater? Do you bite the head off your gingerbread man? Do tell!