How to Survive the Holidays When You Have No Money

I wish I could say that I’m unfamiliar with the experience of trying to survive the holidays while broke. Unfortunately, I’ve experienced more than my fair share of holidays with no money, so I can empathize with those of you who are currently experiencing this reality. 

In my case, I was broke during the holidays several times because of overspending and then the worst experience was when my mom lost her job. I ended up supporting the two of us on student loans and my part-time work at Starbucks.

When I say that I get being broke during the holiday season, I truly understand how this feels. 

I’m now several years removed from those stressful times, but I do find myself reflecting on them from time to time because they’ve shaped me into the person I am today. I often wonder what things would be like if I’d decided to ignore my debt or that paying off my debt would be impossible?

The thought honestly scares me. Instead, I would like to share how I survived numerous holidays when I had no money. I used several strategies to make it through those times, and I hope that they will help you too.

Focus On Gratitude

When my mom and I were living in my studio (yes, a studio) and I was trying to get through graduate school and just hold myself together, I would take some time to focus on what I could be grateful for. 

At the time, gratitude looked like the following:

  • Going for hikes in the mountains because I lived in one of the nicest towns in the United States-Boulder, Colorado.
  • Being thankful for my weekly dance classes, I could barter work hours in exchange for weekly dance classes.
  • Appreciating the warmth of my home.

By the way, I discovered a Moroccan family of around 10 people living on the first floor in the same amount of space that my mom and I were – with two small kids. They’d immigrated to the United States and were doing their best to get on their feet.

Every adult had a job and they never complained about their circumstances.

They’d experienced worse. 

Their place was immaculate. And, they were very giving people. They would always offer us food, conversation, and just were great neighbors to have during that time.

Meeting that family and observing their gratitude during what had to be a stressful time truly humbled me. 

If they could live with 10 people in a studio, I could manage to live with my mom in a studio. I’m not going to lie, though, it was freaking hard. But, we made it work. 

Related Article: Do You Struggle With Expressing Gratitude?

Be Honest

I’m going to keep it real and say that I experienced a lot of financial shame at that time. And, I felt very embarrassed to be in the situation that I was in. I would later find out that almost 50% of African-American women will find themselves supporting a relative or family member financially at some point in their life.

I had to be honest with the people around me about what I could and couldn’t do during the holiday season. 

I could afford to go on a coffee date with friends, but there was no way that I could afford to purchase gifts for you.

Ironically, during this time, I became really clear about my love language – which is time. It made me happier to spend time with friends and family than to spend time buying gifts for them. 

And, buying gifts that I couldn’t afford would have made a bad situation even worse. 

Related Article: 7 Things To Do When You Can’t Afford Christmas


Figure out ways to generate cash so that you can ease the financial pressure that you’re feeling. The holiday season is a great time to find part-time work. Many retailers begin looking for seasonal workers in October and may employ those workers until the end of December or the first couple of weeks in January.

I was dealing with so much financial pressure that I had to find extra money. Here are some side hustle jobs that I worked during that time:

  • Retail – I found a job working at a high-end olive oil store that paid well above the minimum wage at the time. And, we also were given product at extremely discounted prices or for free if the product was just about to expire, was discontinued, or they just wanted us to try it out. I ended up working this job part-time for three years. It continues to be one of my favorite part-time jobs.
  • One time gigs – I love these because they can be a lot of fun. The key is to get paid immediately after the gig. I found a number of these gigs on Craigslist. These gigs included: helping vendors run their booths at conferences, sharing talking points about their products, and just keeping them company so that they could take breaks during the conference.
  • Work overtime – If your job will pay overtime, do it. When I was finally hired full-time at the university, this wasn’t an option open to me because I was salaried. But, I finally had a steady income and that was a huge help. 
  • Focus groups – These were great when I could get them because I would earn more than I would working a regular shift at the mall. Most of the focus groups that I’ve participated in lasted around 2 hours.

        Related Article: How to Include Your Side Hustle on Your Resume

        Lower Your Expenses

        My financial situation was a perfect storm of overspending before my mom lost her job, bad financial habits, and under-earning. 

        Even though I don’t believe you can out frugal a financial crisis, I do believe that you have to lower your overhead so that you can make a dent in the situation. 

        Here are some of the things that I did that lowered my monthly expenses. Oddly enough, my housing expenses were pretty low.

        Stopped using credit cards – Honestly, though, most of those cards were maxed out. But, as I began to pay them off, I just stopped using them because I got tired of digging out the same financial hole over and over again.

        Cooked my food – I’m a really good cook, but I would found myself more often than not eating food outside of my home. I never ate fast food or fast casual, instead, I would go for expensive meals. I started cooking more from home and that made a huge difference to my wallet.

        Exchanged services – I began looking for the same product, good or service, and began exchanging them for the same quality at a lower price. This is something that I still do today. Here is an example of how I did this. I changed my phone service. I was paying way too much for my phone service, so I switched from a larger carrier to a low-cost carrier. Strangely enough, the low-cost carrier provided better service and I only paid $35 a month at the time. Currently, I pay even less. I recommend working through the exchange process slowly so that you can make sure that your new services will work for you and your lifestyle. The key to this working well for you is that the new service has to be as good or better than your previous service.

        My exchange process continues to work for me today because it allows me to be honest about what I want in my life. Even when I was broke, there was no way that I was going to eat bad food. That didn’t align with my values specific to health, wellness, and quality of life. 

        I had to think creatively about how I could continue to enjoy the quality of life that I enjoyed while still in debt. 

        Take a Break

        This piece of advice is a bit controversial. Let’s be clear, I’m not telling you to go broke taking vacations around the world. Instead, I would like to make the point that you sometimes need to take a break and be kind to yourself – even when you’re broke during the holidays.

        I gave myself permission once a week to take a break from thinking about my money situation. It helped me manage the feeling of overwhelm that I would have to fight on a daily basis, especially during the holidays. 

        Keep Things in Perspective

        When my life was financially hard, it felt like things would never change. What I’ve come to realize was that I was in a financial season in my life. It was a financial season that really sucked. It really did.

        I had so many bill collectors calling me that it felt like nothing I did would even make a difference in my situation.

        But, each day I kept trying.

        Some days were successful and other days sucked. I just kept focused on my goal, pay these bills off.

        And, I’m happy to say that I’ve paid off around $60,000 in debt. I’m no longer getting dozens of collections calls a day, a ridiculous number of emails a day, or endless pieces of mail related to all of the debts that I owed. 

        The holidays that I had to survive without money haven’t been forgotten and I hope that if you leave with anything from this post it’s to keep the faith, stay focused, and be kind to yourself. 

        You’ve got this. You can survive the holidays when you have no money.

        Image Credit: Kaspars Grinvalds via

        Michelle Jackson

        Michelle loves finding the perfect gift idea that’s on budget. She shares her on-point presents at

        1 thought on “How to Survive the Holidays When You Have No Money”

        1. I really enjoyed your article. It was very well written and informative. Sincerely, Jen McCarty
          “U.K.’s leading Spiritual Entrepreneur”


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