Summer is here and while it might be a little late to pull together the funds for a big family vacation this year, now is a great time to get started planning for next year’s vacation. Research some ideas and get a basic idea of how much you need to save, then use some of our simple tips to start saving for next summer’s vacation now. With a little work and some creative thinking, you’ll have your vacation funded in plenty of time!
10 Ways to Start Saving for Next Summer’s Vacation Now
Start a Vacation-Specific Savings Account – It’s always easier to save when you have a specific account to keep your vacation fund separate from your spending accounts. You’ll be less tempted to dip into your savings if the money is set aside elsewhere.
Enroll in a Round-Up Style Program – Many financial institutions offer programs that will round up your purchases to the nearest dollar and deposit that change directly into your designated savings account. Those pennies will add up over time and you can manage to save a nice chunk of cash throughout the year.
Utilize Credit or Debit Card Rewards – If you have a credit or debit card that has a points program for travel or gift cards, use those rewards to cover flights, hotel rooms, or purchase gift cards that you can use to cover other vacation expenses.
Clean Up Your Budget – Look for places in your budget where you can cut costs and deposit that cash directly into your savings. Rarely used subscription services, cable package add-ons, and other entertainment expenses are often simple places to recover some extra funds that can be used for your vacation. (Check out our Free Family Budget Printable, 12 Secrets to a Successful Budget & 52 Week Savings Challenge with Free Printables for more help!)
Take Advantage of Savings Apps – There are a number of apps that will allow you to earn rebates on your purchases for shopping through their links or uploading your receipts when you purchase in-store. Check out Ebates, Ibotta, and Shopkick, just to name a few!
Earn Extra Cash Doing Surveys – Survey sites might seem like they aren’t great moneymakers, but survey payments can certainly add up in a year’s time! Sign up for a couple and take surveys while you watch TV to help pad the vacation savings even further.
Have a Yard Sale – Everyone has old clothes, toys, and household items lying around, wasting valuable storage space. Set it all up in the drive and have a yard sale! You’ll be clearing out the clutter and adding even more bonus cash to the vacation fund!
Use Hobbies to Earn Extra Cash – If you’ve got a crafty hobby, why not sell some of the products of your efforts on sites like Etsy or eBay to make some extra money. You’ll be enjoying a favorite activity and it’ll pay off when you’re having a fabulous trip with your family next summer.
Pick Up Odd Jobs – Keep your ear to the ground to find some odd jobs around the neighborhood. Someone may need a petsitter while they travel, want some help painting a room, or need to hire someone to mow their lawn for the season. Small odd jobs that won’t take up a lot of hours can earn you plenty of cash in a years’ time.
Try a Couponing Strategy – If you aren’t already reducing your grocery budget with coupons, start now! Figure out how much you save each week by incorporating coupons into your shopping trip and deposit that amount to your vacation account.
With plenty of time to plan, now is the perfect time to get started saving for next summer’s vacation. No matter where you’re going, you’ll be set up to have the trip of a lifetime with your family!