Holidays can be a challenge when living on a college or newly-minted college graduate budget. I asked my co-author of “O.M.G. Official Money Guide for College Students“, Allison Beacham (also my very own Millennial), to share her top tips on how to navigate through the holidays in a budget-friendly way. Here are Allison’s top 10 tips:
1. Siblings for the Win – Go in together on family gifts with your siblings. It’s a real game-changer. It allows you to split the cost of something your mom or dad could really use, which keeps the cost down for you and adds up to a meaningful gift for the ‘rents.
2. Party Potluck-Style – Holiday parties are going to happen, whether it’s with your friends or classmates. Having everyone bring something to the party keeps costs down and also acts as a great way to have all your party bases covered. Make a list ahead of time and have everyone pick something to bring so that you don’t end up with three plates of crackers and no cheese!