You might have a few places on your list that you want to visit, and that can make saving seem like a big challenge. But if you break them down a little bit – and see which trip will mean the most to you, you can create a shorter list and begin to plan how to save.
Not everyone has enough disposable income to book a holiday spontaneously, and if that sounds true to your circumstances, here are some saving tips for you.
Start early
Once you have your location in mind, you can start your savings goal. It is a good idea to break it down into weekly goals, and these are often much smaller and more manageable.
If you start planning a few months in advance, you can create a sizable holiday fund – and you might even surpass your expectations!
Set up an automatic saving plan so that you don’t need to manually move any money. Take your desired total, divide it by how many weeks there are.
It can be a good idea to leave the automatic savings to run even after your trip so that you can save up for your next trip.
Extra
Since you are going to start saving months in advance, it is a good idea to leave yourself a little extra spending money. Although we want our holidays to go off without a hitch, there can be endless issues.
You might arrive, and your booked rental car isn’t available, there might be issues with picking up the keys for your rental accommodation – or hotel issues, and the worst one, you or one of your family members might have an accident. With accidents, you can get an accident claim process started – but for the rest, it is better to have some spare cash to help out.
Cashback
Every time you need to make a purchase in the year to six months before your desired trip, look for a cashback website that has an offer. Over time your cashback will start to stack up, and you can put this towards your final total.
If you have a credit card that has a cashback scheme, use it to make some purchases (ensure that you pay it off in full every month) and let the cashback stack up until you are ready to use it on your vacation.
Budgeting
If you often blow the grocery budget on extra you don’t need or are partial to taking out food, then cutting these habits can add a lot to your saving total. When we aren’t consciously paying attention to the cost, they can stack up pretty quickly.
For a short time, see what you can cut back on in order to put towards your holiday. It is a trade you won’t mind making when you finally get to relax and enjoy your hard-earned vacation time.
Comparison
Before booking anything, make sure you compare on the main brand website, comparison websites, and travel agents. Often one of them will have preferential prices, but you might need to check the fine print to make sure you can get that deal.
If you need some extra help to get motivated enough to save, check out this post: What Motivates Us to Spend and Save Money?
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