[College kids are notorious for being poor. And why shouldn’t we be? We take out student loans to pay for private universities, can barely balance a part-time job with our full-time courseload, and the only “balance” we’re familiar with refers to the number of points left on our dining hall cards. Oh, did I mention many of us tend to splurge every extra penny on PBR’s at the campus bar?
If you disagree with everything I just said, you probably don’t need this column. But if you’re nodding along because you’re officially an adult and still don’t know how to manage your money, then you might want to pay attention every week, because I’m going to (try to) get you through this, and make you a successful saver and a wise spender.]
Ah, holiday season. It’s all fun and Fa-la-la-la-la… until your credit card gets declined while you’re buying a last minute gift for your mom, with only minutes to spare before gift-exchange time. It can be difficult to get through the holiday season, even before you factor in the shopping costs. Holiday parties with drink specials (rather than open bar, because your boss is also scrimping); buying silly trinkets for everyone on your floor; hell, even bulk greeting cards can burn a hole in your wallet. Here are some tips to enjoy the holidays, without worrying about money.
1. Gift-swap with your friends.
If they’re your real friends, you don’t need to show it by wrapping some expensive shizz up. Talk to your friends; if everyone else is strapped for cash, you can vote to do a “Secret Santa” and only buy one gift each, or even save your money and put what you would have spent on gifts towards one really fun girl’s night.
If you really want to wrap something up? Agree on a second-hand gift swap. If you bought a hot designer top, hoping it would motivate you to hit the treadmill (but to no avail), give it to your petite friend. Give another BFF that necklace she borrows every weekend anyway. If it really is the thought that counts, then giving up your own stuff to make someone happy can be more sentimental than a last-minute iTunes gift card. Read More »