Going on vacation isn’t always easy on the wallet. Here are three easy ways to save money for your next getaway (so pack your bags!).
When I first introduced Josh, my expert travel consultant, he talked about the importance of packing your carry-on luggage. Today, he’s here to talk about setting straightforward goals to be financially ready for your next trip.
Picking up and leaving for vacation isn’t always easy. Planning and budgeting must be taken into consideration. How much time off do you get from work? What will it cost for the entire family to go? What do we do with our pets?
Lucky for us, Josh set up a realistic savings plan: watch your change grow into your next holiday! Here we go!
Josh Mark, Travel Consultant: 3 Ways to Save Money for Your Next Trip
THE WEEKLY JAR – 2 WAYS
- The first way is to find yourself a large jar for your savings. Mark 1-52 on the jar (for each week of the year) and make your weekly deposit. Week 1 is $1, week 2 is $2 all the way until you make week 52’s deposit of $52. At the end of the year, you’ll have a jar worth $1378.
- Since I never have money on me (unless I deliberately go the the ATM) I prefer a more aggressive way to work the weekly jar. I’ve marker 1-52 on it again, and for weeks 1-20, I deposit $20/week, weeks 21-40 I deposit $40/week, and weeks 41-52 I deposit $60. At the end of my year, I’ll have $1920 stashed away.
SAVE YOUR COINS
You can also save all of your coins in one place and periodically roll them all to see where your savings are at. If you tend to carry cash, this could be a fun way, as we all hate having to carry around the extra weight of pesky coins. You’ll be surprised how much you can save this way.
STASH YOUR $5s
Another fun way is to stash away all of your $5 bills. They never seem to go very far when you’re out shopping, so why not make a collection?! Again, you’d be surprised as to how much money you can tuck away by doing that.
Combining trick #2 and #3 will save you even more. If you want a concrete savings goal, I’d stick with either version of the jar.
Which way do you think is most realistic for you? What trip are you planning on taking next? Let’s talk about it in the comments below!
Also, be sure to save and print our weekly savings grid to keep you on track: