4/26/2023 0 Comments Trip savings plannerCutting out one of your weekly coffee runs? That’s great, but make sure your budget reflects your change in priorities. Add it to Your Yearly Savings PlanĮven if you’re using a dedicated, separate holiday savings account for your vacation fund, make sure you’re working this individual budget into part of your larger yearly savings plan. Are there ways you could cut back on back-to-school spending? Do you need a new pair of fall boots, or is last year’s pair still good to go? Could you recycle a Halloween costume instead of buying a new one? Any time you find a way to cut back, deposit that money straight into your vacation fund. With fall coming up, in addition to regular savings, think about practical ways you could maximize seasonal savings. You could come up with a weekly plan, like setting aside $25 each week, or starting small and increasing your contribution over time. This will help you keep your vacation savings separate from your regular savings and remind you not to dip into your vacation fund. Are you going to earmark some of your current savings? Cut back on expenses to put more in your account? Or there’s always the tried and true method of saving your pocket change in a jar! Consider opening a separate savings account, or utilizing a special occasion account like a holiday savings account if you already have one. Once you know how much you need to save, consider how and where you’re going to set aside the needed money. Either way, make sure you’re accounting for all the possibilities – travel, hotel rooms, food, activities, souvenirs, etc. The first approach might be more conscious of your overall budget, but if there’s a destination you’re dying to see, you can still make it there with a reasonable plan.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |