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5 Effortless Ways to Save Money for Your Upcoming Vacation

5 Effortless Ways to Save Money for Your Upcoming Vacation

We all wait for the time, when we can take off from our hectic schedule and indulge in enjoying life to the fullest. We try to make great vacation plans, setting our goals for traveling to different places. Without having adequate amount of money, you won’t be able to enjoy as you wish to. Due to limited earnings and innumerable expenses, our dream to travel throughout the world remains unfulfilled. One needs to be rational while spending money in useless indulgences. Here are some really easy ways to save money bit by bit and plan a vacation.

1. Budget formation is a required action

The first and foremost thing to plan for a vacation is to make a budget of your expected expenses. You should form a table and jot down the expenses you do on groceries, rentals, traveling, friend’s reunion, etc. in a month. The budget made would let you know how much you can take out for spending on vacations. You should also make a budget of how much you will spend on traveling, restaurants, sightseeing, lodging, shopping, etc. during your vacation. Budget is a concrete way of controlling your spendthrift behavior and you would think twice before purchasing something.

2. Excess of everything is bad, but Excess of Money is a boon

Saving money for vacation is not an easy task, since you try to lower the expenses on your daily needs. You should not only try to save yourself from extravagant spending, but also try to earn more money by initiating your free time in handful of earnings. You can start doing part-time job or use your creative drive into making money through monetizing your creative skills. You can give tuitions, make gifts for customers, drive car on weekends, sell your unused stuff, etc. to mint extra money for vacation.

3. Piggy bank says: “Don’t cheat on me, I want vacation”

From your daily expenses, you should feed a little of your earnings to your piggy bank. You should cut down the spending you do on different things like entertainment, partying, going to lavish restaurants, traveling through personal car, etc. You should decide to separate some percentage of your monthly income and put it in the piggy bank. You should be strict with yourself and try not to let yourself be enticed into spending the money saved for vacation purpose.

4. Comparing and Contrasting are best ways to save money

A vacation needs proper strategic planning and you should spare some time in looking at online prices of flights and hotels. You should plan your vacation at the time when the prices are lower and it would save lots of expenses. You should compare and contrast the prices from different online sites, which help in saving your irrelevant expenses. Money is the soul of vacation and thus needs to be saved in order to enjoy to the fullest.

5. Create an enticement and get tempted by it

Strange it may sound but this is yet another way to stay focused on your vacation plans. You should paste pictures on your walls from your previous vacations, along with the pictures of the sightseeing places. Every time you go for a trip, you should paste the pictures in order to remind you of the fun you had and this would encourage you to save more money and spend least for your upcoming vacations.

Control your expenses on transient entertainment and rather invest your money into building up permanent memories of long and joyous vacation, by following these money saving ideas.

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5 Comments

  1. Another great article Allan. I especially like the part about “create an enticement and get tempted by it”. It could be a huge motivator, which I am going to start using myself. Thanks for sharing.

    Reply
  2. The only way to save money while vacationing is to create a very non-flexible budget. IF you have kids, the more non-flexible the better. But I do understand that it’s impossible to not go beyond the budget so I brutally put a few less hundreds in the final chart that I share with the wife and the kids. The wife knows this but thankfully plays along.

    Because she knows that that is how we do at least 2 trips a year.

    Reply

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