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.
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.
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.
Utilize Credit Card Rewards
Lots of people fund their vacations through credit cards rewards. While there may not be enough time left to meet the spending requirements to fully fund a vacation this summer, see if your current credit cards offer any rewards or discounts that you can redeem for your vacation.
Earn Extra Money
There are plenty of ways to earn extra money to fund your summer vacation. For starters you could have a garage sale or sell your unused items online to raise extra dough. Additionally, you could start side hustling. There are hundreds of ways to earn money on the side by utilizing your talents and extra time.
Do Your Research
If you are willing to be flexible with your vacation plans, and are open to different locations, a little bit of research can go a long way. Sometimes a detail as simple as travel days or booking your trip during a less popular time of summer can provide huge savings. This goes for vacation accommodations as well. In some cases renting a home can cost less than a hotel room. Many vacation homes include kitchens, and even free Internet access making the savings even greater.
Where is your favorite place to vacation in the summer? How do you fund your summer vacation?