It’s never too early to start saving for your next holiday break. With daily life constantly nipping at your heels, it can sometimes seem like saving for a much needed get-a-way is simply impossible. But, it doesn’t have to be if you know how to make your pennies add up.
Cut Back on Eating Out
You will be surprised to see how much you spend on eating out and morning coffees. Cutting back doesn’t mean staying home and not enjoying life so that you can afford a future trip. Simply changing your routine to include making your morning coffee at home, and brown bagging it a couple of times a week will begin to add up quickly, without making you feel like you are missing out.
Playing casino games online for fun can also be a resourceful way to save up a little extra cash for your next holiday break. Although gambling is far from a sure thing, online gambling can be an enjoyable distraction from day to day responsibilities; and done responsibly it can provide a little extra money to use towards your next vacation. By setting a limit of how much you will allow yourself to gamble with and then setting aside any winnings, possibly in an interest earning account, you can begin to save towards your next great adventure.
Invest in Interest Earning Savings Accounts
Interest earning accounts are a secure and easy way to make your money work for you. They do not require a large investment, and have a variety of account type options starting with a normal savings account and graduating up to long term CD or Money Market accounts that earn a higher interest rate. You will find it very satisfying to see your balance increase simply by depositing your funds and letting them sit earning interest; in turn increasing your holiday break funds.
Save Your Change
It’s amazing how much change our pockets and handbags can accumulate in a day or week through day to day transactions. Most people have a change jar sitting around somewhere, but don’t really take it seriously. Try emptying your change out at the end of each day into your jar and see how fast it fills up. You’ll be surprised. Once your jar is full take it to the bank and have your change deposited into your savings. This is a tried and true way to save without making any drastic changes to your normal routine.
Map Out Your Day
The cost of commuting and running errands is one of those that we often overlook. Fuel prices, vehicle wear and tear, and tolls add up quickly, especially if you find yourself back tracking from one location to another. Becoming a little more organized by planning your day’s tasks, mapping them out in an efficient manner will save you both time and money in the long run, leaving more money and time for things that you would rather be doing.
Saving up for your next holiday break doesn’t have to be difficult if you stop and look at your habits and routines, and then modify them to cut out waste or investing what money you do have in a way that makes your money work for you.