5 Ways to Save for Your Next Vacation

5 Ways to Save for Your Next Vacation

Saving for a vacation can be quite hard when you’re sticking to a budget. However, it’s not impossible! Today, I’m sharing 5 ways to save for your next vacation.

01. Clean out your space. Gary and I have committed to clearing out our apartment once a month. It’s a great way to get rid of the things you no longer want/need while making some extra cash. We like to take our gently used clothes to Plato’s Closet and the items leftover go to those in need.

02. Start a change jar. I think everyone has some change laying around their place. Create a jar with “travel fund” written on it and every time you have spare change, drop it in the jar. You’ll quickly find that you’re saving a lot more than you thought! Once you’re close to your vacation, take all your change to the bank and get it back in cash or transfer directly to your vacation savings account.

03. Add a vacation category to your budget. Go through your budget and look at how much you can set aside per month for your vacation. When you get paid, automatically transfer the amount you determined into your savings account. This way, you won’t be tempted to spend it.

04. Use Everydollar. Everydollar is an app that you can use to keep track of all your transactions while out and about. We love it because we can check and make sure we’re staying within our budget even on the go. Since keeping track of our budget on the app, I’ve been much more mindful of where our money is going.

05. Cut unnecessary spending. Though easier said than done, cutting unnecessary costs are essential to saving for a vacation. Look at your spending habits and eliminate those that are unnecessary. A few unnecessary costs could be buying coffee on the way to work, splurging on new makeup, or buying a quick meal on the weekend. Trust me, though saving is hard, the vacation is worth it in the end!

How do you save for vacations?