5 Tips for Saving for Your Next Family Vacation
As the year comes to an end and the weather turns chilly, you may already be dreaming of next year’s family vacation. Whether you choose the warm sun and soft crash of the waves, the cool shade of a national forest, or something in between, taking the entire family on a trip can get quite expensive. If you’ve yet to start saving, now is the time to get started. These ideas will help you find money you probably didn’t even know you had.
1. Open a New Savings Account
The easiest way to save money for your vacation is to keep it in a separate bank account. Doing so provides an “out of sight, out of mind” effect so that you aren’t tempted to spend your vacation fund on other things the family wants or needs. Some savings accounts may even provide interest. While interest may not be helpful for a short-term goal, it does add up and comes in handy if you are saving for a more extravagant vacation. Either way, who could say no to a few extra bucks?
2. Get a Side Job or Two
In the age of the internet and mobile apps, the number of ways you can earn extra income is growing by the day. If your car qualifies and you like to drive, signing up to drive for Uber or Lyft on the weekends is a good way to put money back. Other options include working for courier services, delivering groceries, or even providing one of your own skills to customers. Consider whether you could teach piano lessons, babysit on the weekends, or even sell your art.
3. Get Rid of Non-Essentials
Are you spending small amounts of money on lots of things? Those pennies add up. Whether you get a large coffee every day or once per week, switch it out for a small and put the pennies in your savings account. How often are you actually using your gym membership? If you can’t remember the last time you went, why not look up workout videos on YouTube instead?
4. Sell Your Stuff
Maybe you actually do use the gym and your treadmill is gathering dust in the basement. Sell it! Going through every room in the house and selling everything you haven’t used in the last year is an excellent way to create a vacation fund. Even better, doing so removes clutter, which has been tied to stress, poor sleep, and even illnesses.
5. Bundle Your Insurance
If you are paying for your homeowners, auto, health, and life insurance policies individually, you’re probably spending a lot of unnecessary bucks. Many insurance agencies now offer bundle packages to help you get the most for your money without sacrificing the protection of your family. Talk to your current agent or find a local insurance agency in Denver and ask them how they can help you save money.
Vacation season is only a few months away at any given time. Make sure you’re prepared. By saving money throughout the year, you ensure a good time for your family without coming home to debt-related stress.