If you’re reading this, chances are that you’re itching to travel. It doesn’t matter where you’re going, what matters most is that you’re going. Here are 6 tips to help you save money for your dream vacation.
While Jeff Bezos made $150,463 in literally a blink of an eye, the rest of us just have to work a little harder, and smarter, just to afford at least 1 dream vacation per year.
If you’re serious about your goal of achieving that dream vacation, especially after being stuck in your homes for almost 2 years due to the Covid pandemic, you’ve come to the right place!
In this article, you will learn all you NEED to start saving for that vacation that has been put off for the past couple of years! Follow these tips religiously and you can see yourself by the beach in Hawaii in the coming future.
Don’t Stack On Useless Items!
Minimalism is the way to go. To embrace the minimalist lifestyle, you only need what you need.
You may have the urge to swipe your card for everything that you want, but in the end, we all know that they’re gonna be tossed in the storage room within a month or less!
You can avoid this by renting out any items that you might find interesting at first. For example, you may believe that reading a book is a need in your life and you’ve overstacked more books than necessary if that’s the case.
Consider your options thoroughly before making a purchase. How urgently do you require it? Is it possible to borrow or rent this item? How much happiness will you gain from it?
Open A Separate Account
Set up a holiday savings account and an automatic withdrawal system for your travel expenses only.
With a holiday savings account, you can track your progress towards reaching your holiday savings goals. By setting up an automated transfer from your primary account to a holiday savings account, you’ll be more likely to make regular contributions to it.
Even at $20 a week, that adds up to over $1,000 in a year. Regularly put money into this account, and if possible, offer it a bonus deposit.
Ditch the Gifts!
Ask for money instead.
Ask relatives and friends to give you money instead of gifts on big occasions like birthdays and anniversaries. They could pool their money into one gift for your flight.
When money is used to help fulfill a person’s desires, most people will be onboard. Take every penny and large bill and stash it away in your holiday savings account.
Make Better Decisions When You Shop
Look for the best deals, buy in bulk, join frequent shopper programs, watch for weekly sales, and clip coupons.
Make phone, cable, and Internet deals with your service providers. For books, movies, and music, visit your local library.
Make the most of your money by shopping at secondhand stores and using money-saving apps!
Make a list of all of your expenses and keep track of them
All of them. Even the little ones are included in this. Using this method, you’ll keep yourself accountable for meeting your savings goal. The little things, like a daily cappuccino, may quickly add up.
When you have to keep track of every purchase, you’ll wonder if you truly need it: At first, it might seem like a lot of work, but once you get the hang of it, it’s easy as pie.
Do some extra work on the side
There were several videos on Tiktok showing people’s side hustles that might make them more than $1,000 a month. I can think of one high school student who buys used iPhones at a discount and then resells them for a profit of more than 30 percent.
When it comes down to it, I’m not someone who sets out to become a millionaire. But it’s also a great way to save money. It’s possible to gain extra money by taking on a second job in addition to your primary one.
Examples of what you can do include the following:
- Go through freelance websites and find gigs that you enjoy doing
- Tutor a subject you’re passionate about.
- Got a hobby? Selling your products, such as jewelry, art, sculpture, and more can help you earn some money.
- Join Grab or Gojek as a driver.
The Bottom Line
These six tips can help bring you one step closer to goals, whether you are saving for a house, car, college, and more!
Start saving now and don’t procrastinate any longer so that you may be able to hop on that plane as soon as the borders start open and enjoy your dream vacation.
You never know how long the border is going to stay open until another pandemic might come knocking at your door!1 comment
Joy HuangMarch 24, 2022, 11:40 am
Great tip! I can’t wait until Covid is over, then I’ll be able to get some time off and travel solo.REPLY