A 5 Step Saving Plan For Your Summer Vacation

Winter isn’t even over yet, but with cold weather who can blame us for thinking ahead? The days are staying brighter for longer and we’ve already forgotten about the middle man; spring. Instead, we’ve jumped the gun and concentrated our thoughts on our summer vacation. And it requires a lot of preparation, obviously. If you’re anything like me, then you like to spend money and not save it. But with the holidays getting closer, we don’t need to be reminded of the joys of a vacation.

So, ready to get away? Use this saving plan to get there faster!

1. Start with a spending plan

In order to start a plan, you need to make a plan! Get down to the specifics, be realistic, how much are you going to spend? Along with the obvious, hotels and transport start creating budgets for souvenirs, meals and tourist costs. Add it all up and see what you have to work with; if the number is going to send you into cataclysmic shock then be more realistic! A good app I use to keep my money in check is Monzo!

2. Sacrificing

Sacrifice a little of the fun you want to have now for later. Invite friends over instead of going out. I, for one, love girly nights in. Cheap facemasks, cheap bottles of wine, and good company can go a long way without having to spend a lot of money. Going out less doesn’t necessarily mean not having any fun. You can make your own fun, without having to fork out large for it.

3. Round it up

It’s difficult to save when you’re drowning in bills. The money comes out quicker than it comes in. But I’ll share with you a small saving trick, which makes me feel a little better by putting something away. Every purchase I make, I round it up to the nearest dollar. So, for example, if I bought something that was $3.74, I would save 26 cents from that one transaction. It all adds up.

4. Sell, sell, sell!

De-cluttering is good for the mind anyway! So, go through your stuff and decide what you want and what you don’t. There are loads of ways you can shift your stuff these days. Getting rid of old CDS, games, and DVDS online, some sites paying more than others. You can sell some of your clothes by the kilo, which can earn you $50. The world wants your stuff.

5. The 14-day rule

Look, we’re no better when it comes to treating ourselves. But if you want to splash the cash on your vacation then the cute top will wait. This 14-day rule will put you to the test if you want something, buy it in two weeks. If you still want it by then, you’ll put the money aside for it and feel a greater reward when you actually get it! We also swear by the 80-20 rule, which you can read more about here.

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