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Are you looking for ways to save money after overspending on Christmas and the holidays? As a student, you’re not alone! Christmas is that one time of year when money seems to fly out the window. It’s necessary to spend money to go home and see loved ones, then you buy presents, and spend crazy on New Year’s fun. By the time it’s all over, your wallet is appreciably thinner!

Well, if you find yourself find yourself in this situation, then you’ve come to the right place. We’ve put together some tips to help turn your finances around this year. You’ll find ways to get the money back in your wallet again! Let’s get started!

1). Develop a Regular Budget

The best way is to start off with a budget for your new year! This is the best way to stay in control and in the know about your finances. In fact, you can start budgeting for next year’s holiday expenses today—if you start a regular budget.

Many people find it helpful to use a spreadsheet to create their budget. However, others are rather intimidated by the thought of using such a tool. So, if you’re in that category, then consider using an envelop budget.

An envelope budget works best with physical cash and it works by putting the amount of cash you need at the start of each week in specific envelopes. Envelopes can be marked as “bills, groceries, clothing, eating out,” or other categories that fit your situation. Put the money needed to cover each of these weekly expenses in an envelope.

Then, when you need to spend on a specific category, you take out the funds needed. You do this until there’s no cash left, which means you can’t spend more in that category. Or, if you control spending, then you may be able to save some cash and put that into a savings account.

No matter what method works for you, just stick to it. Determine all of your expenses and list them. Then figure out how much you can spend on each expense per month and make a commitment to not overspend.

2). Exchange Unwanted Presents

Have you received gifts that you really can’t use or don’t want? Then consider exchanging them! You can return them to the store they came from if you have the receipt. However, if that’s not possible, then consider selling these items online. Sites such as eBay or Facebook Marketplace are great for selling unwanted items. You can make some money and use this for your budget or sock it away in a savings account.

If you’d like to help out someone else, then another idea is to give your item to a charity shop. While you won’t receive cash for it, you’ll know the item is going to someone who really needs it. Not only are you helping them, but you can get a boost, too, knowing you’ve someone else.

3). Check Out After Holiday Sales

This is a great way to save money, as long as you have some to spend. Many stores run after holiday sales in January. It’s possible to find some items that are cut down 50% or more! In addition, you can start shopping for next Christmas by checking out the sales in January.

Other businesses that run sales this time of the year may include services you use every day. For instance, consider broadband and your mobile phone contract. Even if the contract’s not up for renewal, it’s still possible to catch a great sale on a better deal than you currently have. It doesn’t hurt to find out if there’s a better price or deal that could save you money.

4). Sell Unused Belongings

Now is a great time to go through your closet and drawers to see if there’s anything you no longer use. This can include everything from clothes and shoes to unused electronics. Not only will you be getting rid of things you don’t need, you’ll free up some space, too. Think of it as decluttering and earning cash at the same time.

Once you’ve found things you no longer need or use, then consider if they’re worth selling. You can choose to sell your used items online at sites like eBay and Facebook Marketplace. It’s possible to sell almost anything online. Whatever you earn can be used to save or put needed money back into your budget after the holidays.

5). Search for Discounts & Deals

When you need to shop, it’s always a good idea to go online and search for the best deal and discounts on items you need before making a purchase. You can find deals and discounts at your favourite shops for clothing, beauty and personal care shops, groceries, and more.

Not only that, but you may also find great discounts and deals for eating out, too. Before you head out for lunch or dinner with friends, why not go online and see if you can find some discounts? Not only will you feel happier to get out, but you’ll be saving money, too.

6). Plan Holidays Now

It’s difficult heading back to university after the excitement of the holidays. So, why not give yourself a pick-me-up and start planning your holidays now? In addition to giving you a boost, you’ll also be able to start saving for your holidays now! What could be better?

Even if you can only save a little bit here and there, with consistent efforts, you’ll soon see your efforts adding up. In fact, put a little cash into your savings account before you pay yourself. First figure how much you cash you can afford to save and how much you need for living expenses. Then take this amount out of your budget and put it into savings. Even if it’s only a couple pounds, it adds up over time. And you won’t feel like you have no money—you’ll still have plenty for your budget, too.

As you save money, start shopping for great travel deals now. By starting now, you may find some great deals you can afford now! Don’t let them get away from you!

So, there you have it! We hope you can use these methods to help get your budget back on track! You’ll find ways to save money, and stay on budget too!