The travel industry has continued to grow and expand tremendously thanks to the many travels more and more people are making these days. But where do they get the money to travel to all those incredible destinations with so many bills to be paid? It’s simple. These people have discovered the art of saving specifically for taking vacations which probably you haven’t discovered yet.
While people choose not to travel for many reasons, a majority shy away due to financial constraints. It’s understandable though. An average vacation for a small family for let says a week or so can cost about $100. That’s a huge chunk of money for most people. So, knowing how to save for a vacation can save you the trouble of staying home not because you’ve chosen to but because you can’t afford to go on a holiday.
Save for your vacation
If you haven’t been on a vacation mainly because of financial constraints, it’s never too late. Learnt how to save and achieve your desire with these amazing saving tips. You’ll be surprised how easy it is to save for a vacation, after all.
Determine expected cost
Saving without knowing the amount you need is not the way to go. That’s because you may be thinking you’ve already saved enough only to be shocked that the money can’t be enough for the trip when you are already prepared.
To avoid such disappointments, have at least the approximate cost of the trip. Someone may ask, ‘’how will I know the costs involved?’’ This is how you go about it. Decide on your type of accommodation and the amount it will cost you. If you are going to stay in a hotel, do your research and choose one within your means. You can even go ahead and make the reservation if you’ve made up your mind. The next is the means of transport. Choose the most convenient and affordable depending on your needs. Make an itinerary to help you know the days you’ll be away, the much you’ll spend each day on entry fees, food and commuting charges then add them up. This way, it will be easier to know the approximate amount you are likely to spend on your vacation.
52 weeks saving challenge
We all know that a year is made of 52 weeks, right? Interestingly, if you decide to save a few coins every week, at the end of the year, you’ll have enough to go on a proper vacation. There are various ways to go about it depending on your source of income and your desires. For instance, if you are finding it difficult to begin, it’s recommended you begin with just $1 a week, then $2 the second week and so on. However, if Christmas and New Year’s celebration is expensive affair for you, then it’ll be wiser to do the opposite. Start by saving $52 the first week of the year, then save $51 the second week, $50 the third week and so on.
Sell used stuff
Do you know you can make a good amount of money by selling the items you no longer use? Oh yes, with a little top-up, those stuff stocked in your garage can help take that much-needed vacation. It’s so fulfilling to get rid of all those old stuff and in return fill in your pockets with some cool cash. If you’ve upgraded any gadget or furniture in your home, sell them! There are so many avenues you can use to sell them such as eBay and Craigslist among many others.
The most impressive thing about selling stuff you no longer use is that apart from the activity fetching you some money, it also helps you to declutter your homestead. You’ll have your home neat and head for a vacation or a weekend getaway.
Lower some costs
If what’s stopping you from visiting that awesome destination is because of flight charges, consider travelling by other means such as bus or train. If the hotels are blowing up your budget, then go for rentals especially if you are a family. Vacation rentals are great because you can make your meals and avoid eating out which can be pretty expensive. If you are into solo travelling, backpacking would be great.
Pack water and snacks to avoid buying them along the way. Most roadside food stores are damn expensive. Own water and snacks also come in handy when visiting attractions. Although some attractions will have strict policies, most will allow food as long as you don’t feed the wildlife or litter.
Open a savings account
When you are saving up for a vacation, it’s important to have a savings account dedicated to vacations expenses. Rephrase sentences, having a dedicated account for your travels will help you to stay within your budget during your trip.
A savings account creates a safe place for you to save every coin you’ve dedicated for your trip. It also enables you to keep track of how much you’ve saved so far and what’s remaining for you to reach your target. However, for it to work, you have to be disciplined. Only withdraw the money when you want to book reservations for your trip or when buying travelling related stuff.
Having an ATM or online access to your account is also very useful. It allows you to easily access the money whenever you are. Also, an account that doesn’t subject you to minimum balance penalties when you start spending the money is the best.
Cut your daily spending
Maybe you’re unable to save for a vacation because of your extravagant lifestyle. If you can reduce your expenses, the money you save can be enough to go on a vacation even if it’s just for a few days. Here are a few ideas of the things you can do to reduce your expenses:
- Eat out less often
- Shop during holidays when shops are giving discounts
- Take public transport and leave your car home to save on fuel
- Reduce your visits to the beauty parlour
Generate a side hustle
If your current job doesn’t have room for saving to go on a vacation, then consider getting a side job. Getting one these days either offline or online is not so difficult. Use the money you get from the side hustle to fund your vacation. You may have to sacrifice most of your free time, but the good news is that it’s for a worthy cause.
It’s time to save for a memorable vacation
It doesn’t matter what you do for a living, as long as you are ready to save, nothing can stop you from taking your dream vacation. You just need to be focused, determined and persistent. Start saving today so that when you finally hit the road, you’ll have enough money to spend on your vacation. It’s so exciting and joyful to enjoy a vacation without worrying about the cost. That’s what will become of you if you learn how to save for vacations. Don’t let finances get your way if you are passionate about travelling the world.