10 Ways To Save For Your Trip
Updated: Apr 16, 2020
Coin bank. Targets. Creating a budget. There are all sorts of things you can do to save for your next trip. Here are a few I've found work really effectively.
Planning your next getaway can be very exciting. The anticipation, the trip to the airport, packing your suitcase. They're all some of the best feelings.
But what happens when you get to where you're going and realise that you haven't accounted for the cost of this, or you didn't realise that was an option. Finding out that you don't have enough spending money to do what you want can be a bit of a buzzkill.
Luckily for you, I've created a list of things that will ensure this won't happen to you.
Check out TripAdvisor. TripAdvisor is a good budgeting tool for a) finding out how much attractions and food/drink will cost you and b) seeing how much other travellers have spent visiting the same place. By checking out the forums, you can find out things that the brochures don't tell you. For example, you can find cheaper or even free alternatives to popular attractions just by scrolling through discussions based around similar questions you want to ask yourself.
Make a price list of all the things you want to do and a few bars/restaurants you'd like to visit. Double it, and use this amount as your savings target. This should ensure you're able to everything you want and have plenty left over to add a few extra excursions when you get there.
Start paying for things in cash, and put all of the change in a jar. I did this before I went to Florida in 2017 and had over £300 in change by the time I cashed it in, at no extra effort. Alternatively, open one of those 'save the change' accounts in your bank. Every time you make a purchase, they round the amount up to the nearest £ and put the pennies in a savings account for you. Mindless saving.
Track your spending. Make a list of all of your monthly expenses (you can be as accurate as you want, I tend to do an estimate). Calculate an amount you can safely move across to a savings account as a standing order every time you get paid, and try to forget about it.
Make a progress tracker. It can be organised however you want, but seeing the progress provides great motivation to keep saving. You could do it by activity, or by amount. Celebrate the little victories with a high five and a little shimmy when you're finally doing that thing when you get to your destination.
Convert your money. If you're a traveller who likes to carry cash, exchange your money as you save it. You're not going to be able to walk in to ASDA or Tesco and spend dollars or euros.
Don't go overboard on holiday shopping. Yeah, it's nice to have a new airport outfit and fresh clothes for your trip, but chances are you don't actually need them. Why not save the money and treat yourself to something nice when you're walking through the streets of somewhere far far away.
Cut down on unnecessary spending. Like most people, I enjoy going out with friends and ordering a take-away when I can't be bothered to cook. But when I know I'm going somewhere, or when the inspiration for my next destination strikes, I cut down on those things. Not so much that I become a hermit, but enough that the amount I have to spend increases noticeably.
Find extra income. Does your work offer overtime? Are there lawns you can mow? Dogs you can walk? If you want to save x amount of money, there's always a way you can increase your ability to earn it.
Be realistic. The most important thing when booking and saving for a trip is making sure you can afford it. The worst thing you can do to yourself is book something that's out of your price range. Research where you want to go, plan a budget and saving schedule, and then book your trip.
There you have it. Bobbi's 10 tips for saving for your trip. They won't all be suited to you, but hopefully they've helped provide a bit of inspiration. If you have any suggestions of your own, be sure to get in touch. I'm always looking for tips to help save.