Summer will be here before we know it. If you’re anything like me you may have already started dreaming about, or even planning a summer getaway. But, do you know how you are going to fund your summertime fun? Here are four simple ways to save money on your summer vacation.
Start Saving!
It’s early enough in the year that you still have a little bit of time to get some vacation savings flowing. If you’re able to, set up a portion of your paycheck to be automatically deposited into your savings account. Paying yourself first (and automatically) will get your vacation savings off to an easy start. Before you know it you’ll have a chunk of change set aside for your vacation.
Additionally, look for other sources of saving. Consider socking away your tax refund, reimbursements, or rebates you get from now until your vacation. Small amounts can add up over time.
Cut Back
Financial goals typically mean sacrifice. So, if you really want to make your summer vacation plans come to fruition, you may need cut back your spending now. By making small changes in your current household budget you’ll easily be able to save extra money to put toward your vacation. Cut back on dining out, going out, and making unnecessary purchases. If you don’t already, create a budget to keep your spending on track. You can contribute your excess funds to your vacation.