7 Ways to Save Up for Your Next Vacation
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Don’t let expenses prevent you from taking a relaxing vacation. While the price of traveling can sometimes be daunting, we have put together a list of ways to start saving up for any kind of trip you want to take.
1. Create a Vacation Bank Account
A great way to work on gradually saving up for that big trip is to have a special account specifically for your travel fund. After you’ve created your account, set up automatic transfers to put money into the account weekly.
2. Credit Card Rewards
Many credit cards offer rewards programs that accumulate points that can be used for hotel and dining discounts. Check to see if any of your accounts offer this deal! Some even accumulate airline miles.
3. Start a Side Hustle
Putting in some extra time now with a side job can be what allows you to have your dream vacation. This job could even be something as simple as becoming an Uber or Lyft driver. You can set your own schedule and work in your down time.
4. Cut Down on Every Day Spending
Maybe, start brewing your own coffee in the morning instead of stopping by Starbucks or start packing your lunch (which is typically healthier too.) Simple adjustments can make a big difference in your long term saving.
5. Host a Garage Sale
Make some extra cash selling things around your house that you don’t need anymore. Not only are you cleaning out your home but you can put all that extra cash towards your next vacation.
6. Start a Change Jar
A change jar can seem like a slow way to save up some extra money, but it definitely works! Every day, put your leftover change into the jar and you’ll be amazing how quickly it accumulates.
7. Don't Spend Your Whole Tax Return
While it’s exciting to receive your refund, putting it aside for your vacation fund is what we would recommend. You don’t have to save all of it, but this is definitely a great opportunity to put some money aside.
Saving for a vacation doesn’t have to be as hard as it may seem. Something as simple as starting a change jar can go a long way in helping you plan your next trip. Figuring out your overall travel budget can greatly help you start creating savings goals and these tips can help you get there!
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 90 foreign currencies, multi-currency cash passport’s, traveler’s cheques and gold bullion coins and bars. For financial institutions and corporations, our services include the exchange of foreign currencies, international wire transfers, global EFT, the purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com