You’ve already started planning for your next vacation, but there’s one thing that you haven’t thought of yet – your budget.
Big or small, a budget is essential when planning your next trip away. It’s even more important to figure out how you’re going to save for it, so you can have enough when the time comes. Let’s check out 5 ways to save for your next vacation.
1. Open a New Bank Account
The more real you make your vacation, the more motivated you’ll be to save for it. One of the ways you can bring it to life prematurely is by opening up a separate bank account for the funds.
Every chance you get, put a little bit away in your dedicated vacation bank account. Not only will this make it easier to save for it, but it will also get you excited about the idea of being on holiday, encouraging you to save as much as you can.
2. Use a Money-Saving App
We live in a digital world, which means that there’s an app for almost everything. This includes saving money – there are a ton of money-saving apps out there that can help you stay on target in terms of your saving goals.
From syncing up to your bank account to monitoring what you’re spending, there are many different ways you can save for your next holiday through an app. It will help keep you accountable.
3. Do a Side Gig
A great way to make a bit of extra cash just while you’re saving up for your vacation is to pick up a side job. This could be a couple of days or evenings a week – just enough to save a bit at the end of each week to put towards your trip away.
The best part is, if you choose something casual, you’ll have no ongoing obligations to stick to it. From bar work to uber driving, there are a lot of ways to make a quick bit of cash on the side to supplement your regular job.
4. Sell Things
If you really want to make sure you can save as much as you can for this next vacation, you may want to think about selling a few things around the house.
There’s a good chance that there are a few items that you’ve meant to do something about anyway, so why not take the opportunity to get a bit of cash for them? A lot of people would choose experiences over material items anyway, so selling things that you don’t wear or use anymore could make quite a difference to your travel budget.
5. Take Out a Loan
If you’re nearing the end of your saving season and you don’t quite have as much as you would have liked, consider taking out a personal or title loan.
These low-risk loans are great if you need a quick bit of cash, and you know that you’ll have to put off paying it back until you’re in the real world again.
Saving for a vacation isn’t easy, and sometimes it can feel like you’re not going anywhere with it. Check out these simple, yet effective tips on saving for your next vacation and enjoy it that much more when the time comes.