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Smart holiday spending tips

Danielle Bly

Issue date: 12/4/09 Section: News
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The holidays are the most wonderful time of the year…sort of. Holidays for college students can be filled with cramming for finals, long nights dedicated to writing papers, and delayed flights back home. But if you all are anything like me, you've let your mind wander during those times you're supposed to be studying to think about what presents you're going to buy for your friends and family. While the holidays are an amazing time of the year, it's important to remember some basic spending tips when making your purchases.

Set up a holiday budget - Before you even begin shopping, it's important to write down who you want to buy for, and how much you plan to spend on that person. This gives you a limit on how much you're willing to spend, and helps prevent you from overspending on a whim. Remember also to keep in mind your total budget for all of your presents - how much money can you afford to spend in total? As you make your purchases, write down how much you spend in comparison to your budget so you can come up with a final holiday spending total when you're finished.

Research before you spend - It's so easy to see something you think would be a perfect gift for someone in a store, and buy it right then and there. Before you make that purchase - stop. Think about the following factors: Is this gift on sale? Can I buy it anywhere else? Does it fit into my budget? Sometimes just by looking online for store coupons you can find discounts online or in stores. Many websites are also offering free shipping along with deep discounts, so be sure to research each item before you buy it to make sure you're getting the best deal possible.

Shorten your shopping trips - Don't try to get all of your shopping done in one day (men - this means no last minute Christmas Eve shopping). Shopping all at once can make you tired and you are liable to make spending decisions that you'll regret. Researching your gifts and buying them a few at a time will help alleviate any spending problems that might arise.

Give the gift of time - As college students, it can be hard to find the money to buy everyone we love a gift. Sometimes the gift of time is better than a physical gift. Help your mom decorate the Christmas tree, go fishing with your dad, or take your little brother or sister out for the afternoon. These gifts take no money at all, and can often mean more to your loved one than any physical gift ever could.

During the holiday season it's easy to throw away your smart spending habits and rack up a lot of debt with your many purchases. But with these few tips you can make your holidays cheery and bright both when you open your presents and when you open your credit card bill.
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In This Issue

Cross Country

  • Women finish 15th in nation; Simpson has best finish in university history

News

  • A conversation with Christina Mastrangelo
  • CWRU students among thousands at SOA protest
  • CWRU's Great Lakes Energy Institute honored as "Center of Excellence"
  • Relay for Life 2010 kicks off with recruitment fair
  • Smart holiday spending tips
  • USG Minutes

Spartan Spotlight

  • Spartan Spotlight: Reid Anderson

Sex and Dating

  • Are you tired?

Sports

  • All-American, UAA honorees back
  • Building starts on Mather Park
  • Dukes, Criss keep grapplers strong in the middle
  • For Spartans, Allegheny is splitsville
  • Revolving door is no good for the Browns
  • So far, it's been so good for women's basketball

Football

  • Early Ending: Spartans eliminated from playoffs by Trine University

Fun Page

  • Combo Scramble Solution
  • Crossword Solution
  • Sudoku Solutions

Worst Case Scenario

  • Reading days and salad days

Opinion

  • Column on smoking misinformed
  • Copenhagen summit may not be effective
  • Divisive politics dilute meaningful discourse
  • Editorial: Semester grades
  • Junior year abroad - wait, a whole year?
  • Take some time to earn your coal
  • What are your plans for winter break?

Focus

  • Director Peter Jackson discusses film adaptation of The Lovely Bones
  • M.U.S.I.C. assembles talented group of musicians for 24-hour recital
  • Surviving the home stretch
  • The Buzz
  • The Observer's choices for the best books of 2009
  • The Observer's choices for the best films of 2009
  • The Observer's choices for the best music of 2009
  • The Observer's choices for the best video games of 2009
  • The Spectrum Drag Ball
  • tUnE-yArDs' debut record merges folk music with noise
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