Vacation planning can often be stressful at times, especially when it comes to figuring out your actual budget. You may want to do many different things during your trip, but your budget may reduce how many things you can afford to do. There are many ways that can help you increase the money you have for your vacation, it just requires careful planning, and sometimes sacrifices. There are many factors when it comes to planning your vacation, including lodging, transportation, food, and attractions. You always want to estimate a budget a little higher than you might need to plan for things that may come up unexpectedly.
Only Spend Money on Essentials
During the months leading up to your vacation, live below your means. This means, only spend money on things that you need and skip the impulse purchases for now. Even if you’re only saving a small amount per week doing this, small amounts will definitely add up over time, increasing your vacation funds. If you have the habit of spending money on things, such as grabbing a coffee on the way to work or grabbing a bite to eat on your lunch break, it can be hard to realize how quickly those things can add up. It can help to look over your bank statements to find where you may be spending more than you should, and then look for alternative solutions to help you reduce this spending.
Create an Account Just for Savings
Working on your travel budget should start with having a savings account. You can get a credit union savings account designated just for travel-related expenses. You’ll want one that makes it easy to transfer money into the account, without any hidden fees. It’s always a good idea to keep your travel money separate so you don’t accidentally spend it on something else. You can also choose to have a certain percentage of your paycheck go directly into your savings account each payday. Doing this means you don’t even have to think about what’s going into savings, and it’ll build up on its own.
Sell Things You Don’t Need
An easy way to get some extra money to stash into your savings account is by selling items you no longer use. Not only will this help increase your travel budget, but it’ll also help you reduce any clutter you have around the house. Some things to consider selling are books, jewelry, clothing, games, electronics, furniture, and appliances.
Find Side Work
If you run out of things to sell, you can always try to find side work. One thing to consider is freelance writing. You can make a free website and showcase your writing skills, and you can also try to get client leads from others. Something else you can do is become a virtual assistant. Other ideas include becoming a driver for Lyft and Uber, managing social media pages for businesses, selling services on sites such as Fiverr, tutoring via Skype, and performing small micro-jobs on Amazon Mechanical Turk.
When it comes to planning a budget for your vacation, it requires patience and self-sacrifice to make sure you stick to that budget. Going over your budget can mean you have much less money to spend on your vacation than you originally planned for. If you have a hard time managing money, you can consult with a financial advisor who can help you along the way. There will always be things you want to buy instead of saving money. It’s important to look to the future and realize that money adds up quickly. What you don’t spend on impulse shopping will make a great addition to your travel savings account.
Lindsay is the founder and editor of Carpe Diem OUR Way. She is passionate about sharing her experiences of traveling with children on adventurous family holidays around the world! She resides in the suburbs of Vancouver when not jet setting abroad.