Credits:
Artsy Layered Template No 172 Artsy Layered Template No 172 by Anna Aspnes
ArtsyTransfers Star ArtsyTransfers Star by Anna Aspnes
ArtPlay Palette Star ArtPlay Palette Star by Anna Aspnes
ArtPlay Palette Merry Tree ArtPlay Palette Merry Tree by Anna Aspnes

I placed the photo in the left corner just above the background layer with the transfers above it. I marked the transfers and erased the parts of the photo which where covered by the transfers. I also changed the blend modes for some of the textures and transfers.