One of the best things about summer is that you can take a couple of week’s break from your day to day life and go on vacation. Whether you’re going somewhere with the kids or you go on an adults only break to a luxury resort, vacation time is definitely the best time.
If you’re looking forward to making the most out of your summer and going on vacation, whether it’s this year or next, you need to ensure you’re doing everything you can to save. Whilst it may seem difficult at first, just a few small changes could have you on your way in no time. With that in mind, here are 9 ways to save for your next summer vacation:
Cut Down On The Non-Essentials
One of the best things you can do when it comes to saving is to make sure you’re cutting down on the non-essentials. Whether that means cutting down on the coffee you buy on the way to work or you stop buying clothes you don’t need, you will notice a huge difference to your disposable income if you stop buying non-essential items.
If you struggle when it comes to spending, you may want to consider doing the 30-day challenge. If you still want something after 30-days of not buying it, it’s yours!
Switch To Non-Branded Products
Another great switch when it comes to your spending is buying non-branded products when you shop. Although you may feel as though they’re lower-quality, chances are they’re the same products in different packaging. For more information when it comes to buying non-branded products, you can visit this site here.
Set Yourself Savings Goals
One of the best ways to save money for a vacation is to set yourself some savings goals. Think about how much you want to save each and month and write it down on a chart where you can track your progress. Whilst it may seem as though it doesn’t have much impact on how much you save, goals are a great way to help motivate you. If you up the amount you want to save each month, you may find that you end up competing with yourself to save as much as you can. For savings trackers and goal charts, you can visit this site here.
Start A Savings Account
If you are really serious about saving money for a vacation, you may want to consider starting a savings account. Whilst this won’t guarantee you save money, having a separate account to put your savings into is a great way to ensure you don’t spend the money you’re dedicating to your vacation.
Make A Direct Debit That Goes Out Every Month
To make saving in your savings account that much easier, why not consider setting up a direct debit that goes out every month? If the money automatically leaves your account when you get paid, you will definitely feel less like you’re losing money to your savings. Once you start to get used to it leaving your account it month, you’ll be saving money without even thinking about it.
Save Your Small Change
Although it may not feel as though it will make much difference to your savings, saving your small change is a great way to start a holiday fund. Every time you spend a certain amount of money, round it up to the nearest pound and keep the change in a savings jar. If you spend most of your money using your bank card, you may also find that you have an option to do this within in your account as long as you’re using an online bank service.
Use A Budgeting App
Speaking of online bank services, there are lots of different budgeting apps that you can use to help get your savings in order. Not only will these allow you to see exactly how much you’re spending and what category it falls under, but it will also give you the opportunity to save money in different vaults or savings accounts. You can set exactly how much money you want to save each week, just like you would with your current account. With the option to spend the money in any country without commission charges, this may be the best options when it comes to saving for a vacation.
If you are unsure which budgeting apps to try, Revolut and Monzo are great places to start. Not only are they well established, but they’re the highest rated when it comes to efficiency and security.
Consider Taking Out A Loan To Get You Back On Your Feet
If you’re really struggling but you would like to treat yourself to a vacation, there is always the option of taking out a loan. Although this should be done as a last resort, it’s a great way to ensure you get to go on vacation at the same time of staying on top of all of your bills. If you are going to take out a loan for a vacation, you need to be sure you’re able to afford the payments as it can have a negative effect on your credit status if not.
For more information when it comes to fast loans online, you can visit this site here.
Pay Your Trip Off In Installments
If you want to book a trip ready for next year, you may find that paying it off in installments is the best route to take. Booking a family vacation can be incredibly expensive and if you can’t afford to pay it off up front, monthly payments are a great idea. Speak to your travel agent about how you can set up a payment plan as they’ll be able to ensure you’re able to afford your dream holiday AND save for spending at the same time.
Are you planning a vacation but struggling to save? What changes can you make to your lifestyle to ensure you can afford your trip? Let me know in the comments section below.