How to Save for a Vacation on a Tight Budget

how to save for a vacation

Vacations are expensive. Let’s face it.

How are you supposed to take an enjoyable vacation when you’re pinching every penny in your everyday life? There’s gas, plane tickets, daily excursions, food, and more. When you tally up the costs, even a camping excursion can rack up a large sum.

But the vacation you want to take could be the experience of a lifetime. If you have a family, you want to do your best to create valuable memories that will last. If you’re a solo-traveler planning to backpack Europe, it’s likely that you’re aching for that trip and are just seeking for a way to make it happen.

Here’s the thing: it’s entirely possible to inch away towards the sum you need to have an excellent vacation. Read on, and you’ll find out a few key ways to save money and put it away towards a vacation.

How to Save for a Vacation

1. Where are You Blowing Your Money?

It’s understandable to splurge a little on things like coffee and snacks whenever you stop for gas. We all have those little guilty pleasures that we shouldn’t be spending money one, but is that where you want your money to go?

If you add up the cost of your weekly spending on non-essentials, you’re likely to find that you’re spending a lot more than you had previously thought. Things like soda, treats, movie tickets, and the like are all things that be eliminated.

If you dedicate yourself to a year without, say, drinking soda, you’ll be able to save maybe a thousand dollars alone on that front. Not to mention, you’ll be a lot lighter for that hike through the Andes!

The most important thing you can do to save money for your vacation is cut out non-essential spending, and set aside the money you would use whenever you have a hankering for that bag of Doritos, or can of soda.

2. Garage Sale

It can be difficult to start saving when your vacation fund is meager. It’s a lot easier to set money aside when you can see the result of your frugality. A great way to get your savings started is by having a garage sale.

Gather up all of the stuff you don’t need- old clothes, microwaves, knick-knacks, whatever. Often times you can get rid of a lot of clutter while making a couple hundred dollars to tuck away for your trip.

A lot of times neighborhoods will have community garage sale days. These are great because everyone knows that there will be a sale, giving you a lot of traffic that you would otherwise miss out on. If you don’t have a community garage sale day, you can always advertise on Facebook a few days in advance to get the word out.

3. Pawn Shops

Pawn shops are often a place that your parents tell you never to enter. They rouse images of people selling their priceless items just to have money for gas or cigarettes. This is definitely not the case, and you can get some value out of the things that you couldn’t otherwise get rid of on Craigslist or similar sites.

Know that you won’t get the full value for your items. Resort to pawn shops only if you know that you’re not going to be able to sell your items to anyone else. Additionally, if you’re not having luck selling online and your trip is coming near, pawn shops are a great way to get that last little cushion that you need.

4. Get a Side Job

There are a lot of employers that are just looking for part-time work. If you already have a full-time job and you need a little extra cash, consider finding something that only requires you to work one or two days a week.

There are plenty of part-time gigs on Craigslist or Indeed, and you won’t be tied down to a commitment that you aren’t able to come through for. Another thing to consider is working for a delivery service, or taking online surveys.

You will find a lot of little side-gigs online if you do a little research.

5. Get a Separate Savings Account

It’s really easy to dip into your vacation fund when you need new tires or your old bicycle needs a tune-up. If you’re not in dire need of money, do your best to find out how to get the money you need in other ways.

Your vacation will never happen if you keep pulling money from your savings. An easy way to avoid this trouble is to create a separate account to save your vacation money in.

You can set limits on withdrawals, having a way to keep your money safe from yourself. If your wallet gets too tight you can always use the money for something you need, but if your goal is to go on a vacation try to discipline yourself and save what you want to save.

6. Seek out Deals

There are a lot of sites online that send email blasts with travel deals. Whether you need to take a survey or subscribe to a website, you may find a lot of discounts online.

Additionally, keep an eye out for plane tickets far in advance. You’ll often find the best deals if you’re thinking ahead and planning your trip a few months out. In fact, if you buy the tickets early, you’ll be more inclined to save that money and dedicate yourself to planning your trip.

Use the Resources at Your Disposal

There are so many great ways to find deals on vacations available online. Do some research and make sure to fine-tune your trip to your preferences and your family’s needs.

If you’re having difficulty finding extra money to set aside for your vacation, take advice from other people who have done it. Often times it takes that friend or individual online who has a special trick or trip. Be sure to look around online for advice on travel or budgeted living.

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