How to Save for a Vacation

Travel is good for lots of things, but it can also increase mental well-being — and not just in the short-term. Traveling can make you a happier person by building self-confidence, providing new experiences and memories, breaking routine and allowing you to meet people from all over the world.

Below are a few tips to help you save for your next vacation.

Plan Ahead

Your vacation should be less expensive, if you plan ahead of time. To plan ahead:

• Consider where and when to travel and also the wow experiences. Be it
  • Baecations / Adventure
  • Beach / Food experience
  • Sports

• You can lock in reservation to secure the lowest rates or contact a good travel agency for assistance.
• Consider looking out for the best deals out there before making a decision on your destination.

Create a Special Fund for your Vacation

Create a special account for your vacation and Automate money into it. You can choose an interest bearing account, your money might even grow while looking forward to your trip

Cut out Little Expenses

• Adjust your expenses for some specific period, consider cutting out one or two things.
• Reduce shopping expenses
• Reduce mobile data usage
• Bring a bagged lunch instead of eating out? Then, deposit whatever you save each month into your vacation fund.

 

Save your Pocket Change

Whenever you take out cash to spend, inevitably you will end up with a pocket full of change at the end of the day. Create a change jar and add your spare change to it whenever you have any. Bonus if you can add in smaller notes, too
collect them and deposit in your vacation fund at the end of the month.

 

Start a Side Hustle

Start a side hustle to provide you with side income from your regular full time job. When it comes to side hustles and making side income the options are endless. It can be as time-intensive or as casual as you want it to be. What are some ideas for side hustles?

• Freelance Writing
• Web Design
• Social Media Management