How to Save for Holiday Travel

You may want to travel to other places; however, the perceived high cost of travel may discourage you to go for it. But it doesn’t have to be this way because there are lots of ways to save money solely for travel. The sooner you start making such a budget, the better. You can actually estimate your expenses by checking out the airfare for your intended destination, the rate of accommodation, the price of the tour package, and other prices in websites. Don’t worry if you overestimate your budget because a margin of security is always good.

Commit yourself not to spend money you saved for your holiday. One way to do this is to place it in a standard savings account that forces you to use a passbook so that it would be difficult to withdraw the money. Or you can place it on time deposit. In this way, you are not tempted to withdraw or spend the money for any other purpose.

budget travelling

Image from Tax Credits

You can also generate money from a very unlikely source: the clutter around your house. Make a list of the usable but unneeded items in your home. Then sell these items through a yard sale. Generally, you can sell them half price, but it is best to check the Internet and other resources for unusual items. Who knows, you may have an antique trinket that can be sold for quite a sum of money, allowing you to generate a large profit. Without research, you might sell it at an “ordinary” price which is far less than its actual value.

Many people love yard sales, and sooner or later, your merchandise will attract a shopper’s attention. Save the money generated from the sale of these things in your holiday account.

Take out your checkbook and study how you much from what you earn you can reasonably save for traveling. It doesn’t matter if what you can save is small. Remember that even minute savings of $10 per week can add up quickly if you diligently save that amount every week. Add to that the money from some allowances, bonuses, and extra income that you may have. In half a year’s time or so, you will have enough money to start off your dream vacation.


Image from Romeodesign

You may need to make a few minor adjustments to your way of spending if you want to save enough money. For instance, instead of buying a cup of cappuccino on the way to work every day, you can save money by making your own at home. Rather than spending for dinner and movies, you can cook your own dinner at home and rent a movie or download one. The extra money that you save with these methods can go to your holiday budget.

You can do odd jobs to generate extra income. Offer your services to babysit their toddlers, tidy up their house, or fix the plumbing. You can also ask your boss to give you additional shifts or overtime hours so you can earn extra. This may eat up a bit of your free time, but you can make up for it during your vacation.

Of course, you can look for excellent deals and travel packages. It’s not hard to find them because businesses involved in the travel and tourism industry are competing tooth and nail. To entice people to avail of their services, they offer travellers cheap but comprehensive packages.

So save up and explore the world.