Things will be tough this gifting season. Here’s what to do.

If you can’t afford gifts for your loved ones this Christmas, you’re absolutely not alone. 

On average, students are spending around £5,322.30 per year (£433.43 per month). From this, almost half (49.90%) of spending is used for essentials such as rent, bills, food, household, transport, and pharmacy products. However, these remaining funds are being stretched more than ever, especially as the cost of living crisis continues to affect us all.

This means Christmas is one of those times when it’s going to be especially hard. It’s saddening that many are in this situation, so we thought it best to come up with ways to reassure you during times like this, as well as come up with ways to work around this tough time.

It can be especially difficult to think about having the “I can’t afford to get you a gift this Christmas” conversation, as it can arouse feelings of guilt. Many others will be in this position too, perhaps even those you planned on gifting to. If you’re worried about the gifting season ahead, read on to find out what to do if you can’t afford gifts this Christmas.

1. Try not to be ashamed 

We know this is a tough one, especially if Christmas with family and friends is something you really look forward to.

At the end of the day, your loved ones wouldn’t want you to struggle on their behalf, especially during the holidays when times can be a bit tough generally. It’s especially so this year with the cost of living crisis. People are going to be especially worried this season, and in turn, far more understanding of everyone’s situation — including yours.

Let them know ahead of time that you simply won’t be able to afford anything this Christmas. Explain why, and if you’re able to, offer alternatives instead — which we’ll discuss throughout this post.

2. Look out for freebies

Are there free events or cheap activities you can do with your friends and family? Perhaps a visit to the best Christmas markets in the UK — even if only to browse and enjoy a mug of mulled wine. 

And if it’s just not possible before Christmas, look for things happening just after or even into the New Year. It shows you’re still thinking about the people you love and offering an alternative.

3. Don’t spend when you can’t afford it

Our student cost of living report showed that a fifth of young Brits are turning to credit cards and loans to support their income. While it may be tempting to look into loans, credit cards and Buy Now Pay Later schemes, you need to think about how this will affect your bank balance in the long-run.

Yes, we understand that additional support means you could get the things you want to buy this Christmas, but it isn’t without consequences, and could even leave you worse off than before.

Always speak to a financial advisor or your university if you’re experiencing financial hardship, and/or the thought of taking out loans has crossed your mind.

4. DIY a gift

If you’re arts and crafty, consider giving DIY a go. You can draw a portrait, print out an in-joke or favourite quote and pop it in a frame from a charity shop. In tough times like these, there are chances to be creative. Plus, DIY gifts add a personal touch, and could even turn out better than what you originally intended to gift.

And if DIY simply isn’t your thing, then consider making edible gifts like cookies, brownies, cakes and other easy-to-bake foods.

5. Sell your old items for cash

If you’re insistent on buying a gift then just remember — one person’s trash is another’s treasure. This is true for you too!

Have a rummage through your wardrobe, drawers and storage boxes to see if you can gather anything to sell. Even just one item could get you some cheap supplies for a DIY gift.

Here are some places you can make extra cash fast:

• Vinted 
• Depop
• musicMagpie
• eBay

6. Volunteer this Christmas

Taking this time to help others is the ultimate gift, particularly for those who are struggling this Christmas. Consider volunteering at a local food bank and in catering, where help is almost always needed. Plus, it’s a great way to give back without spending, and you’re doing good for those who need it most. If your friends are in the same situation, why not make it a group activity too?

7. Go thrifting

Charity shop hunting is not only fun, but it’s incredibly cheap. If you know people who could do with a new tea set, clothes, toys, or pretty much anything, you could find what you need for far less cash at a charity shop. 

We hope these ideas have helped you come up with ways to tell your loved ones Christmas might not be the same, but also some ways to support yourself and even shop around for cheaper gifts. If you have other ideas on what to do if you can’t afford Christmas, contact us on Twitter or Instagram to get your ideas featured. If you want to save additional cash this Christmas, sign up to Student Beans to gain access to tons of discounts, including fashion student discounts, tech student deals and much more.