The most joyful time of the year may be Christmas, but it can also be one of the most expensive. This holiday season may be more difficult than ever before as the cost of living crisis tightens its grip on households across the UK.
Budgeting has always been recommended by financial experts as the cost of everything rises in the months before Christmas, but there has never been a more crucial time to do so. While some expenses, like rent or mortgage payments, are simply unavoidable, there are some swaps you can make to prevent a financial hangover.
Christmas falls in the thick of winter in the UK, so it’s a pleasant break from all the chilly, short days and gloomy evenings! The way the “Christmas Spirit” can make people feel better, encourage them to share joy, and enable them to express gratitude to their loved ones is truly remarkable.
However, if you’re a foreign student, you could feel a little bit out of place and might even start to feel a little lonely around Christmas. Since the majority of British students will return to their family, the student housing may become significantly quieter than usual.
As an international student studying in the UK, you may still enjoy Christmas to the fullest. We have some simple advice that you can use to have a happy Christmas this year. While we have your attention, you might want to look at our article on travelling for the holidays. Let’s get you ready to celebrate Christmas in the UK, then.
Make your expenses a priority.
First things first: prioritise each cost on your list of holiday expenses. Choose what items are necessities (like food) and what are nice-to-have treats. Everything from gifts to Christmas cards, decorations, special treats, stocking stuffers, dining out, and new clothing should be on your list of spending. You might find it useful to review your bank statements from the previous year to see what you bought.
Track down your “Christmas family”
This Christmas, just because you’re not with your real family, doesn’t mean you can’t discover the ideal companions with whom to celebrate. Find out what other international students have planned for Christmas by contacting any international student organisations at your university or by simply asking in your classrooms! The number of folks who will be looking for company over the holidays may surprise you.
Create a budget and keep tabs on your expenditures.
Making a budget is an excellent method to monitor your holiday spending. The typical British adult spent £548 on Christmas gifts last year, up £72 from the budgeted amount of £476 for 2020, according to research done by Finder. Even without taking into account the price of food, décor, and entertainment.
Most of the students try to find online affordable dissertation writing services UK, assignment writing services so that they can get rid of their tasks and can enjoy such events in a better. Sometimes, such things make you out of budget.
Note down all of the expenses you’ll have to pay over the holiday season, including meals, gifts, decorations, and travel, whether you prefer writing the numbers down in a notebook or making an online spreadsheet.
Create a budget and keep tabs on your expenditures.
Making a budget is an excellent method to monitor your holiday spending. The typical British adult spent £548 on Christmas gifts last year, up £72 from the budgeted amount of £476 for 2020, according to research done by Finder. Even without taking into account the price of food, décor, You may still fully enjoy Christmas as an international student studying in the UK. You can use our straightforward recommendations to enjoy a joyful Christmas this year. While we have your attention, you might find our article on holiday travel interesting. Then, let’s get you ready for Christmas in the UK. and entertainment. Note down all of the expenses you’ll have to pay over the holiday season, including meals, gifts, decorations, and travel, whether you prefer writing the numbers down in a notebook or making an online spreadsheet.
Christmas on a budget requires shrewd shopping. Salman advises combining your online orders to cut down on delivery expenses (and selecting stores that offer free delivery), and he also suggests checking to see whether your current account offers discounts when you spend money at particular stores. If your present account doesn’t provide any benefits, you might want to think about switching to a more lucrative account, he explains. Many banks will also give you an incentive to switch, such a one-time payment of cash. These can enable you to cut back on your holiday spending.
Be judicious with your energy use.
If you’re not careful, the holidays could significantly increase your energy costs. According to MyJobQuote, cooking a roast in the oven for five hours is equivalent to cooking for practically a week in a single day. While we don’t advocate deprivation, you’ll be glad to know there are some simple things you can do to cut expenditures. Abigail advises, “Why not ask your visitor to bring a dish or two with them—not only will this reduce your energy usage, it will also relieve some of the pressure off of you.”
Keep in touch with family members back home.
It’s perfectly alright if you still feel a little homesick or miss your friends and family back home even after using all of these advice. It’s normal and demonstrates your concern. They will miss you, even if you’re having too much fun to notice that they are missing you. Maintain communication with them. There has never been a more crucial time to budget, as financial experts have always advised doing so as prices rise in the months leading up to Christmas. There are some substitutions you can make to avoid a financial hangover, even though some costs, like rent or mortgage payments, are simply unavoidable. Send them an old-fashioned postcard from your city or town and give them a video chat. Allow them to see how well you’re doing on your own and let them know you’re thinking of them. They will be extremely pleased with you!