Vacations offer an opportunity for families to take a break from school, work, and everyday routines. It also helps create a
stronger bond within the family by actually spending time together and making memories.
With so many people living paycheck to paycheck, it can seem hard to have that vacation plan materialize. No worries though, with a little creativity and dedication, there are a lot of ways that you can save money for that much needed family vacation. Gather all the members of your family and get them involved with these amazing saving tips:
Adjust Your Food Budget
As food ranks high on our list of basic needs, a huge percentage of your household budget typically goes towards food. Take a look at your monthly receipts and examine the items that you don’t really need. Can your family get by without soda and candy? What about eating out? Cut those things which are not really needed, and perhaps ask the family what they are willing to give up in order to make the family vacation happen.
There are plenty of ways that you can get quality food without breaking your food budget. Shopping at the farmers market and buying in bulk quantity are great and smart ways to save money. You can also start your own garden and grow fruits and vegetables. Not only will you save on produce, you can be sure that the food you put on your table is fresh and organic.
Open a Dedicated Vacation Saving Account
Having a single savings account can be difficult, as you tend to use this for other purposes such as emergencies, hospital bills, etc. Opening a dedicated savings account just for your vacation fund is another great way to ensure that you get to make that dream vacation happen.
It’s easier now to open a new savings account as many financial institutions don’t charge monthly fees or require a minimum balance. Look for the bank that gives you the highest interest rate for your money.
Ask you kids to allocate a portion of their allowance and deposit it to your vacation fund. Not only you will be able to save faster for that trip, but you will also instill responsibility and discipline in your kids.
Sell Your Stuff
Do you have a lot of stuff around the house that is no longer used? Keeping unused items such as clothing, toys, and appliances just adds clutter to your household.
Take some time to declutter your place and let go of the things that you are no longer using. By selling these things, you are accomplishing two goals; you are organizing your home and also towards your next vacation getaway.
With the advancement of technology, it’s easier to sell things online now without having to have a yard sale. Just post your stuff on ebay, Amazon, or other selling platforms and you can get rid of your stuff in no time. After all, someone’s junk is someone’s treasure.
Pick Up a Side Hustle
If you want to earn more money to save toward your vacation, adding a side hustle is a great idea. Below are a few side hustle ideas that you might be able to engage in depending on your skills.
- Freelance Writer – If you have a knack for writing, it’s time to put your skills into action. You can earn as much as several hundres dollars per article depending on your skills and experience.
- Babysitter – This side job is ideal for parents and older children. Use your childcare experience to earn cash, with babysitters earning above minimum wage, and often getting paid in cash.
- Make and Sell Art and Crafts – If your hobby includes making crafts, use this to your advantage. There are large markets for those that are into soap-making, knitting, woodwork or metal-smithing, felting, etc. You can often sell your products online or at local farmers markets.
Choose an Affordable Family Vacation Destination
Though going on a Caribbean cruise sounds amazing, your next vacation getaway does not need to be so super fancy that you will be broke (or in debt) afterwards. Use the internet to your advantage and research on travel destinations that offer all-inclusive packages for families, or adult only all-inclusives. This way, you will have an overall idea of how much you need to earn and plan for.
Relax and Have Fun
Relize that your next family vacation trip is within your means! Use these tips as a family and be on your way to your next family getaway. As long as you are making wise decisions about how you save and spend your money, you will be on the right track. You work hard for your money, so you deserve to treat yourself to a well-deserved vacation. And now you can!