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10 Hacks to Help You Save Money for Your Dream Vacation

Are you tired of planning for a dream vacation that never happens? If yes, then you need to try these 10 hacks to finally make this plan a reality. With discipline and commitment, you will soon visit the place you have always longed to see.

Making this dream vacation a reality is tough, but achievable. You just have to be disciplined and hold on to that commitment no matter what happens.

We have prepared this infographic to make it easier for you to remember the important tips in saving money for your vacation.

10 Hacks to Help You Save Money for Your Dream Vacation

10 Hacks to Help You Save Money for Your Dream Vacation

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Stop drinking coffee from Starbucks

You may be a huge fan of Starbucks, but if you wish to save up for your dream vacation, you may have to stop drinking coffee there. Imagine how much you will save if you cut a $5 coffee from your daily expenses. It would be around $150 per month or $1,800 per year! This could be of huge help to afford the expenses of your dream trip. Instead of Starbucks, you can buy instant coffee or use the ones available in your office. You may also buy a pack of tea and use your own cup.

Get a new credit card

You might say that using credit card is unhealthy considering how it could bury you in debts. Of course, you should only get one if you know you have the discipline to use it the right way. With a new credit card, you can get free rooms or free flights. You may also accumulate reward points that can be converted into everyday purchases. You will even get bonuses in some cases. There are a lot of benefits that come with a new credit card if you can control yourself from using it excessively.

Make everyone know about your plan

This is the best way for you to make your plan a reality. As soon as you announce your plan to everyone, you will be under pressure to make it happen. You will hold yourself accountable to it. Therefore, it is important that you let everyone know what your plans are. This includes your friends, parents or you may even announce it through social media. You will definitely be embarrassed if this trip does not push through, so you will do everything possible to make it happen.

Try window shopping

Just because you are walking around a mall does not mean you have to buy something right away. You can walk around and enjoy the things you see, but you don’t need to buy them. You have to keep your hands in your pocket. According to research, you are more likely to buy items that you have already touched. Therefore, you can walk around and simply appreciate things around you. Avoid being an impulsive buyer. It becomes a habit if you don’t stop yourself from doing it.

Set up a different bank account for vacation

To begin with, you must determine when you want to make this dream travel happen. By then, you can setup an account that you can’t withdraw from up until the actual travel. This must be a separate account so you can keep depositing money in it, but not take anything from it. Time deposits also yield high savings. Therefore, it adds up to the amount that you have placed as deposit.

Start cooking meals at home

Eating out will definitely cost you a lot and you won’t necessarily feel it. This is why you allow yourself to eat out several times a week. Imagine if you can buy the ingredients and cook at home instead. You will save at least 30% from the total amount you spend for eating out in each meal. You can compute for this amount and multiply it with the number of weeks where you don’t eat out. This definitely helps you save more money for that trip.

Don’t spend your work bonuses

As the term suggests, they are bonuses. It means that you did not include them in planning how to spend your money anyway. Therefore, there is no reason for you to spend them now that you have them. These bonuses must go directly to your travel savings account. Don’t be tempted to use the money for latest gadgets or new clothes. You can definitely blow the entire amount up before you know it.

Try selling old junk

Try cleaning up your house and you will realize that there are a lot of items there that you don’t need. You might even find that some of them are useful. Since you are not using them and you don’t intend to use them in the future, why don’t you just sell them instead? There are junk shops that are willing to buy all of them, if you decide to do so. The amount might not be that big, but it could be of great help for your travel plans.

Get a part-time job

Yes, you are already busy with work and other things that you have to deal with in life. However, if you are to just rely on your monthly salary, it won’t be enough for you to afford your trip. Even if you only spend a few hours a week on a part-time job, it will considerably help you efforts. For instance, you can earn around $125 on a part-time gig. Multiply it by 4 weeks and get $500 each month. It adds to $6,000 a year. At first glance, it is not that much, but if it keeps accumulating, it could be really useful.

Don’t be frustrated

Saving enough money for that trip could be really difficult. There are times when you already have enough money and you suddenly have to use it for something else. You must not give up though. You have to keep thinking about your dream and how wonderful it would be to make it come true. Besides, you have worked hard enough and you deserve a break. You have to give yourself this chance. Keep looking at the photos and reviews about the dream destination to keep yourself motivated and focused.

Conclusion

Making this dream vacation a reality is difficult, but possible. You just have to be disciplined and hold on to that commitment no matter what happens. By following these tips, it’s just a matter of time before you can finally go on that dream vacation and savor each moment.

References

http://www.nomadicmatt.com/save-for-trip-advice/
http://www.travelandleisure.com/articles/how-to-save-money-for-vacation
http://www.wisebread.com/15-easy-ways-to-save-for-your-dream-vacation
http://money.allwomenstalk.com/ways-to-save-up-for-your-dream-vacation
http://www.savoredjourneys.com/2016/09/5-tips-save-money-dream-vacation/
http://www.cheatsheet.com/culture/how-to-save-money-for-your-dream-vacation.html/
http://www.usatoday.com/story/travel/2014/03/13/save-money-budget-dream-vacation/6320475/

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About Carol St. Amand

Carol St. Amand

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