Leah Kelvin
Active member
Saving towards a vacation can be an exciting target. Here are some steps to help you save for your dream vacation:
1. Establish your holiday budget: Begin by developing a practical budget for your holiday. Add costs such as transport, accommodation, food, activities and souvenirs. Therefore, having a clear budget will serve as the guide in saving.
2. Conduct prior research and plan your vacation: Make inquiries on average cost of flights, hotels and what one can do at the destination place of choice. This will give you an idea of how much money you need to save up. Additionally planning in advance enables you to take advantage of any early booking discounts or deals.
3. Make special savings account for vacations only: Open up an individual savings account that is specifically meant for this purpose only – funding your holiday trip. It would help track your progress and also hold it back from being spent on other things.
4. Assess what you spend at present and slash it down: Go through all your monthly expenses and identify areas where spending could be reduced. For example this may mean eating out lesser number of times per week; eliminating subscriptions that are not important or seeking for cheaper alternatives to expensive entertainment or leisure options.
1. Establish your holiday budget: Begin by developing a practical budget for your holiday. Add costs such as transport, accommodation, food, activities and souvenirs. Therefore, having a clear budget will serve as the guide in saving.
2. Conduct prior research and plan your vacation: Make inquiries on average cost of flights, hotels and what one can do at the destination place of choice. This will give you an idea of how much money you need to save up. Additionally planning in advance enables you to take advantage of any early booking discounts or deals.
3. Make special savings account for vacations only: Open up an individual savings account that is specifically meant for this purpose only – funding your holiday trip. It would help track your progress and also hold it back from being spent on other things.
4. Assess what you spend at present and slash it down: Go through all your monthly expenses and identify areas where spending could be reduced. For example this may mean eating out lesser number of times per week; eliminating subscriptions that are not important or seeking for cheaper alternatives to expensive entertainment or leisure options.
