5 Ways to Save For Vacation
Are you daydreaming about your dream vacation? Whether it’s relaxing on a beach or traveling the world, vacations always begin with saving money.
Regardless of the vacation you choose, these five tips can help you find the funds you need to have your much needed getaway and the experience of a lifetime.
1. Do Your Research
If you want to find the best vacation destination for your buck, do your research. Weighing the pros and cons of each prospective destination and taking your budget into consideration are essential steps that will help narrow your search for the vacation of your dreams.
2. Use Your Tax-Refund Check
Do you have plans for your tax-refund check? If not, consider using the refund towards your vacation. It can alleviate a tight budget and leave you with a bit of extra spending money of your own.
3. Save Your Money with a Separate Account
Opening a savings account for your vacation fund and keeping it separate from your checking account can relieve temptation to use the money for other purposes. You can utilize the account all year long by setting aside a fixed amount of money each week for your vacation fund. This allows you to gradually save for your vacation rather than taking out a large sum when the time for vacation comes around.
4. Eat out Less
On average, American families spend $3,000 a year dining out. Planning your meals ahead of time and eating out in moderation can save money and help your budget tremendously.
5. Make a Change Jar
In the day and age of credit cards and online banking, change is extremely underrated. Using a change jar year-round to hold extra change that is lying around can produce savings that will surprise you. The rules are simple: instead of disregarding the change you receive or letting it fall between the couch cushions, place it in your designated jar, and be pleasantly surprised when vacation season comes around.
Spending a lot of money on vacation is easy to do, but that does not guarantee you will have a good time or have a desirable vacation. With a little planning, you can have the vacation of your dreams and still avoid breaking your budget.