Five Tips to Save For A Vacation

by Magical Penny on April 14, 2022

Are you looking to go on vacation or on holiday? You’re not alone. So many people are daydreaming about somewhere that isn’t their desk or their home after the lockdowns and four walls of the pandemic. Going on a vacation is a wonderful distraction of everyday life but the only problem is that vacations can be expensive. 

When you choose to go to resorts especially, your vacation is going to ramp up in costs. It doesn’t have to, of course, not when you can get luxury villas to rent cheaper than a resort! You can make your dream vacation happen – no matter where that’s to – and all it’ll take are some savings tips along the way. It’s always a good idea to save in advance because vacations are the escape that you need.

Escaping from the real world requires cash money so that you can spend what you like without restriction! So, here are five tips to save for a vacation that you want.

  1. Open a new bank account. You want to save for a vacation, and that’s going to mean putting your money somewhere. You might be like the many others who struggle with keeping money aside without dipping into it, and if that’s the case you should consider the fact that you can open a whole new bank account and keep it away from your other money. You can then split some of your cash each month into that account and save without feeling compelled to use it!
  2. Start a side hustle. If you don’t have any wiggle room in your current budget for savings, then starting a side hustle will ensure that you have extra cash coming in. You can then relocate that cash into that separate account and build it up to pay for your dream vacation.
  3. Become a consultant. If you have skills, why not consult and teach others how to do what you do? You can impart your wisdom, earn some cash and save for your vacation all in one task.
  4. Reduce your expenses. If you have the ability to reduce your current outgoings to save for your vacation, do it! It’ll still be usable money, only you can spend it on boat trips and cocktails, fresh seafood on riverboat cruises and brand new clothes for the vacation of a lifetime. 
  5. Book early. One of the best tips you could ever need for saving for your vacation is to book the trip early. You will save so much cash when you book early than if you wait until the last second. You will be able to save on both accommodation and flights, upgrades and more purely because you booked early. There are some companies that will also allow you to pay off your vacation over time, which means that you have less to pay up front and it’s much kinder on your budget. It’s one of the most affordable ways to have the vacation of your dreams!

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