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It seems like a good idea to spend it calmly in your hostel to create beautiful memories, you are at a stage in which it is important that you enjoy every moment healthily, so for me you have made a good decision.
Managing expenses is an art, which is learned through making mistakes and screwing up many times, and even so, there are always things that get out of hand.
It is best to be prudent and always look to the future, having a plan does most of the work.
I hope you have a happy holiday. Merry Christmas and much peace to you and yours.