Holiday is just around the corner. And when it comes to this festive season, many people are planning their dream trip. Whether it’s for a local or international trip, saving money is possible if you have the determination and discipline to do so. We’ve come up with ways on how you can grow your travel fund and turn your bucket-list adventure into reality.
Open a Separate Bank Account for Your Holiday Travel Plans
Having a separate bank account for your holiday travel plans will help you monitor your savings. Aside from that, it will help you set aside a regular amount of money that you’ll not spend for other expenses. It’ll be helpful if you make it a habit to deposit every payday until you have enough amount of money for your holiday.
Know the habits and vices that you can give up for your vacation plans
Saving for your travel plans means giving up the things that may be an excess to your personal budget. It can be monthly shopping expenses, weekly beer drinking, daily budget for coffee and milk tea or eating too much during regular days on expensive restaurants.
Avoid going to the mall during sale
Shopping is almost everybody’s weakness. To save more money on your future holiday plans, it is best to cut cost and avoid wandering around shopping malls on weekends and even during sale. Identify your travel goals and make sure to stick with it no matter what temptations may arise.
Track Your Expenses Wisely
Tracking your daily expenses for a month or two will help you modify your spending habits. If you get used to this habit you’ll be more conscious of the things you need. Tracking your expenses will also give you an awareness to be a wise spender. You can also use apps to help you track your expenses.
Get a Side Job
Getting a second job will allow you to reach your goals faster especially when saving for a holiday travel. You can use your free time to do the jobs that are flexible and pay relatively well. Some side jobs include babysitting, virtual assistance, cleaning or tutoring.