Beef Up Your Vacation Savings

Updated: Dec 25, 2019

Saving for a vacation may have you saying, where will that money come from? Well, it isn’t impossible. You may have to dig a little deeper into your piggy bank. When your goal is to travel you make it a priority. We have to create the ability to save. We do so by taking inventory of what we are buying and what we are spending.

Something To Think About

Ask yourself, do I really need that daily coffee/latte from my favorite coffee shop costing $3.50?

Coffee Price Tag

Coffee $3.50 x 7 days a week x 52 weeks in a year = $1,274 a year spent towards coffee.

The Solution Brew your coffee at home. Purchase a coffee maker $20-$100 investment, lasting on an average 3+ years. Ground coffee $10-$15 every couple of months, but it depends on your coffee intake.

• $100 coffee maker • $90 a year in ground coffee • $190 investment for the first year and $90 every year after You just saved $1,274-$190=$1,084 initial investment. The following year you saved $1,274-$90=$1,184.

$1,184 on an average is 2-4 plane tickets for me. $549 Bangkok-Thailand, $86 New York City-New York,Barcelona-Spain $383, and Denver, Colorado, total $1,103 and $81 leftover.

Just imagine other ways you can save and earn money to travel.

• Take on a part-time job • Turn your hobby into cash

• Throw daily leftover change into a piggy bank/mason jar

• Take your lunch to work (leftovers)

• Take surveys, test products, and/or become a mystery shopper for cash • Keep snacks on hand to stay away from the vending machine • Have a garage sale

• Learn Couponing • Use Groupon and LivingSocial for eating out, activities, and services • Grocery shop by meals, use coupons, and money saving apps such as Ibota, Checkout 51, Walmart Savings Catcher, and Ebates • Cut the cable cord and invest in a Fire Stick, Hulu, Netflix etc… • Look for ways to lower your current bills (cell, internet, utilities, cable) • Limit how many times you eat out a month

• Apply for a travel rewards credit card and earn points towards travel with qualified purchases

• When shopping asks yourself, do I really need this? Can I find a lower priced alternative and still be happy?

I’m not saying live the life of Ramen Noodles, but we have to find a happy balance between our life, finances, and travels.

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