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Written on
Tuesday, March 22, 2016

Saving for that summer vacation

Written on
Mar 22, 2016

Saving for that summer vacation

Are you already dreaming about that summer vacation escape? Follow these tips to save money for your vacation:

Once you pick your vacation location, research what it will cost to travel and stay there, and to enjoy your destination. This can include transportation, meals, entertainment, and lodging, for example. If your lodging options include a kitchen, consider checking out the local grocery stores, so you can buy groceries and make the majority of your own meals instead of eating in restaurants. Online research may give you access to discount coupons as well.

Once you have researched your options and created a vacation plan, you will want to create a budget with an upper limit on what you are willing to spend. This will help you keep it real. When you have that amount set, start to save money! It can be on a weekly or monthly basis, whichever works with your current expenses.

If it is unrealistic to set enough money aside, consider taking on a second temporary job simply to fund your vacation. You also might be able to cut your living expenses, even if temporarily, to redirect money toward your vacation savings. Consider keeping a change jar specifically for your vacation budget.

Often, it helps to open a savings account specifically for a vacation. It keeps the money in one location, so you can watch it grow. Be sure to limit your access to this account, so you won’t be tempted to take a few dollars out to cover non-vacation expenses.

Now to dream, plan, and save for that vacation!

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