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Tis the Season for Splashing the Cash

Christmas is often a time to let loose a little… and with it comes the temptation to splash the cash – on going out, christmas parties, presents, cards and festive fun. But there are many ways to have fun AND keep an eye on those finances over the festive period.  Here are some tips for medical students.

Use those student discounts!

It may be easy to forget but there are loads of discounts and vouchers out there which mean you can get out and about for often half the price.  A complete list of discounts can be found by going to

Get handy with some home made gifts

Putting your own time and effort into making a present is a genuine way to show that you care for someone, and can often be cheaper.  Also knowing that someone has made something for you is much more special than just getting something from a production line!

Set a budget, and stick to it

Be aware that December is often a month for excesses. Try and plan ahead – write out a list of who you plan to buy gifts for, how many times you think you may be going out, where you are travelling to, and try to budget for it. Guess how much you may be spending in each instance so that you are better prepared and know where your money will be going.

50 more ways to save…

If that hasn’t whetted your appetite take a look at these 50 quick everyday money saving tips. From lending textbooks, to booking train tickets early, these are realistic tips. There is something for everyone to fit into their daily lives.

The views expressed in this content represent the perspective and opinions of the author and may or may not represent the position of Indiana University School of Medicine.
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Jose Espada

Jose Rivera Espada is the director of financial aid at IU School of Medicine, a nine-campus allopathic medical school in Indiana. Jose’s experience includes working as an assistant director of financial aid at Butler University and a financial aid coun...