It’s officially summer! Time to start planning for a much needed break from the day-to-day hustle. Whether you’re dreaming of relaxing on a beach or hitting up some theme parks with the kids, if your finances are low then dreaming is all you’ll be doing. Getting the money to make that dream vacation a reality can be done with some of these easy money saving tips to incorporate in your daily life.
And if you’ve saved as much as possible but still need a little extra, Advance Financial can help you get the cash needed. Get approved for our FLEX Loan fast by applying here – https://bit.ly/1Ug2eIz
Trade fun now for fun later
Cut out any monthly subscriptions or memberships that you can go without until you save up enough for the trip. This can be magazines, cable TV, streaming services like Hulu and Netflix, or even gym memberships and kids lessons like dance or karate. You can even downgrade on some items instead of completely cutting them out. And remember, it’s just temporary. Once you get the money saved up you can go right back to all of them.
Eat out less
You can read multiple articles on how to save money, and we guarantee that they all will say to eat out less. That’s because eating out adds up fast, especially if you have kids. And don’t think that just because you are eating out less means you have to cook every night. While, yes, you will be spending more time prepping meals, you also can take advantage of the convenience and price of frozen dinners.
Travel during off-season
You can save big money by simply going on vacation during the off-season when there are fewer people traveling. Hotels, airfare, resorts and cruises will all be substantially cheaper based on the time of year and destination. Make sure and research when the peak season is for your destination and plan accordingly. Something to note is that most traveling expenses will increase around holidays like July 4th due to so many people getting extra days off.
Make an accurate budget
Try to get as detailed as possible when it comes to every expense and cost for the vacation you are planning. Once you know exactly how much you need, you then can set a monthly savings goal. Having an actual dollar amount you’re working towards will also help to get motivated and disciplined at obtaining your goal. It’s also a good idea to set up a separate savings account specifically for your vacation. This way it’s easier to see progress.
Avoid the grocery store
Just one week a month. Obviously if you stop eating out your going to need to buy groceries, but a lot of times we can over stock our pantry. Try going one week eating whatever is in your cupboards and not spending anything at the grocery store or on eating out. It might be tricky and you’re going to have to get creative on making meals, but you will be surprised how much you will actually save.
Use a prepaid card for everything
Instead of using your debit card, use an Advance Financial NetSpend card for everything you spend. Calculate out how much money you will need for the week and put only that amount on the card. Not only will it allow you to be more disciplined with only spending what you need to, you will also rack up rewards points that can be used for your trip. Come into one of our stores to get yours today.
Get your tax refund early
If you usually get a hefty tax refund, then you are having too much tax taken out of each paycheck. Instead of waiting until the end of the year to get the money back that you overpaid, simply re-file your w4 form with your employer so the amount taken out is more accurate to what you owe in taxes. Come payday, you will see the increase in cash, which you can transfer straight over to your vacation savings account.