Smart Ways To Save Up For A Holiday
Saving up for a holiday can be difficult. Especially if you have big hopes and dreams for the holiday of a lifetime, full of good food and fun activities each day. Here are some of the smartest ways to save so you can get on that dream holiday. Let’s get started.
Open a Stocks and Shares ISA
Opening a stocks and shares ISA is the best way to start investing if you don’t have much experience. It’s quick and easy to set up and can help you to save more money, often bringing long-term gains. The good thing about these savings accounts is that you can access the money and withdraw it whenever you like, which is perfect if you’re saving for a holiday. As soon as you reach your goal, you can quickly withdraw the money and get booking your dream trip.
Shop Around For A New Energy Provider
Going over your household bills every so often and switching providers can save you so much money. Sites like USwitch can help you compare prices for energy and broadband and switching providers to get better deals is a great way to quickly start saving lots more money
Work out your budget – and stick to it!
Working out your budget for the trip is super important, and to help you cover all bases, here’s a quick list of everything you need to think of when budgeting for a holiday, from the minute you book to when you arrive home.
- Travel insurance
- Do you have a valid passport?
- Do you need a Visa or an ESTA to enter your destination?
- Transport to the airport
- Flights
- Is luggage and seat selection included in your flight price?
- Transfers to and from hotel
- Hotel booking
- Is your booking all inclusive? If not, how much do you need to spend on food and drinks?
- Excursions each day
- Transport while on holiday
- Spending money
- Emergency funds
Once you work out how much money you need for your entire trip, it is much easier to work out how long it will take you to save. Make a plan and decide how much you can save each week. This way you can work out exactly when you will have enough money for your amazing getaway.
Cancel subscriptions that aren’t needed
Do you really need Netflix, Disney Plus & Amazon Prime Video? Go over all your subscriptions and figure out what you need and what you don’t need. Be ruthless. If you aren’t using something as much as you used to, then cancel it! You can always resubscribe at a later date if you decide you want it back. Check your subscriptions on your mobile app store, any music and video streaming services, and any other subscriptions you may have that you don’t need anymore. The money saved from cancelling a few low-cost subscriptions will quickly add up and you’ll soon have enough saved for your holiday.
Try out some of these tips yourself and you’ll soon be able to go on the trip of a lifetime!
