Saving for vacation

Piggy Bank Savings Coins Cash Penny Bank MLet’s be honest, who does not want to travel at least once per year? Learning new civilizations, see amazing places and meet new people. As fun as it seems, your money department may not have the ability to support your wanderlust. It is easy for you to travel when you have an outstanding job and is able to spend money on lavish action such as travelling. However what if you’re a student? Or someone who has difficulty managing your expenditures?
Here are some easy tips for you on how to save money for travel:
1. Make a list of your monthly expenditures
As soon as you have a good idea of how much money you spend on your fixed expenses monthly, it’s not difficult to figure out how much money you can set aside regularly.
2. Realistic amount
Set the quantity that you want to save frequently and stick with it. Do not set the value too high cause you will never know when you suddenly get unexpected expenses. Simply put aside a sum that’s realistic to you. If you’re able to have your saving account connected together with you bank account which would be great. Just set-up few saving accounts specifically for each purpose; for example name them as travel, car, house or urgency. Set a fixed date each month where money from your bank accounts would be automatically transferred into your saving account. If it’s impossible for you to set up several saving accounts, simply have one saving accounts where you can set the limit on how much you can draw. However, DO NOT use money from you saving accounts unless it’s URGENT.
3. Limit going out or eating out
If you think about it, going out or eating out cost you a great deal of money especially if you do it once per week. It is easy to spend around 50 dollars on food or drinks weekly, it might seem okay to some people but why don’t you spend that 50 dollars on your plane ticket to Philippines or Greece for instance.
If you can find the chance to earn extra money by baby sitting your neighbour’s children, just do it! Even if the pay is not high, at least, you will have an excess income. Use a saving jar
If you have some extra coins or money, just place it in your piggy bank. Make certain you purchase one, where you can not easily take the money out. If you are creative, you can also make your own saving jar that might look more attractive and motivate you to place money in it.There are a lot of DIY videos on YouTube on how to make one. You will be surprised by how much money you can save up in a year, it is not going to be much, but hey its the effort that counts.
I hope these tips can help you with saving money for your wanderlust!

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