Holiday on hold? Increase your spending fund with these 5 money tips
Are you someone who’s had their holiday put on hold because of the global pandemic? It’s difficult to feel anything but disappointed, isn’t it? Especially if you’ve spent months saving up, budgeting, juggling your finances and trying to make your salary stretch far enough so you can pay for it – need money tips to help manage your debts? Using Creditfix may help you take back control of your finances.
However, although you may feel like the situation is out of your control, there’s never been a better time to take control of your finances and increase your holiday fund, so you can enjoy your holiday, even more, when you finally get to go. Wondering where to begin? Read on here for some simple tips for increasing your spending fund before you head on holiday.
Other money saving hacks for travel you might be interested include;
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- 9 Tips To Enjoying Christmas Markets While Saving Money
- How To Get The Most Money From The Currency Exchange
- Ryanair Cancelled Flights – Getting Compensation
- Are You In Need Of A Holiday? Undeniable Proof That You Need A Relaxing Summer Break!
Open a holiday bank account
Having a separate account for your holiday will make all these additional savings easier to control, monitor and boost! Having this separate account will make you more inclined to save and leave you accountable! If you make a habit of transferring money into your holiday account each month when you receive your paycheck, even if it’s just a little amount, over time you may be surprised at how much you can set aside. Whether it covers an upgrade to a first-class flight, or it pays for a family meal at a restaurant, you’ll be so glad you did it.
Put aside your holiday items
If you’ve already gone out and purchased your holiday items, such as new clothes, accessories, sun cream, pool floats, floppy hats, toys for the kids and even your summer reads, put them aside. If you make the mistake of wearing all your new clothes now, using all that sun cream, or treating the kids, then you’ll only have to spend more money replacing all of these items when you can go! Take stock of what you have and put aside some items.
Don’t blow your money
You’re feeling pretty low after having your holiday postponed or cancelled, so, understandably, you want to treat yourself in the interim. However, you should exercise caution, and don’t blow all your money on expensive treats or frivolous purchases for the kids because you feel guilty about their disappointment. Hold onto your holiday fund as much as possible!
Don’t ditch the kids’ clothes
If you think your children might grow out of their summer clothes by next year, then don’t get rid of them just yet. Set them aside for your other children! There’s nothing wrong with hand-me-downs and you’ll save yourself a bundle!
Stick to your budget
If you saved and paid for your holiday via a tight budget, then don’t stop now. Stick to your current budget and continue to save, you’ll be so glad you did! Keep putting the same amount of money away weekly in your savings and you’ll end up with more to spend on your holiday (or save for your next) if you continue to stick to the budget you set yourself.
However you decide to save, enjoy your holiday!
Are you planning a holiday when the world allows travel again? We’d love to hear your travel money tips that you use to help with your saving in the comments section below. As always if you’ve found this article of any value we’d love for you to share it with your friends and family across social media and beyond.