How to save for your summer holiday
It’s never too early to start saving for your summer holiday. The more money you have in advance the more you can relax and look forward to spending it on fun excursions and new activities. With just a few tried and tested tips you could find yourself with extra euros to treat yourself on holiday this summer. And whether you spend that on ice cream, watersports or a new holiday wardrobe is totally up to you.
Have a goal
Work out how much you want to budget for your holiday and divide by the number of paydays between now and your trip. You should aim to save that amount every month, plus a little extra for emergencies. Once you have that goal in mind don’t let anyone or anything deter you from it. You can do it!
Set up a savings account
Set up a separate savings account from your usual current account to store all this holiday money you’re going to have. Don’t let anyone touch it until it’s time, including you. Watching your money grow like this is a great incentive to keep putting those pennies away and when it comes to spending it, it won’t feel like real money, as you won’t see it disappearing from your current account. Even better!
Start clothes shopping in the January sales
Don’t leave your holiday shopping until the last minute. During the spring and early summer the price of clothes and holiday essentials goes up, as does demand. Be prepared and pick up a few key pieces in the January sales. Not many people are looking for holiday attire then so you can use the time to get some real bargains for your trip, and you won’t just be dressed like everyone else on the beach.
Think before you spend
Every euro you spend now, on coffee / expensive lunches / costly drinks out, is another euro you can’t spend on holiday. When you go shopping ask yourself if you really do want that item. Will it make your life better than having that money to spend on holiday would? Will you even think about the item again or are you opportunist shopping and impulse buying? Think hard about whether you really want it before you hand over any cash. Shop like this and you might even surprise yourself at how much you manage to save.
Buy a value for money holiday
The less you spend on your holiday the more you have more to spend when you’re there. You can book free kids places and last minute holidays with Falcon Holidays to save you money beforehand. You could also look at booking an all-inclusive trip as the overall amount you’ll need to save to spend there is a lot less.
What’s your best money saving tip for your holidays?
Images by Falcon Holidays