We all had that dream. Take a vacation from the 9 to 5 grind and go somewhere sunny. But aside from having the time to do so, you also need money to fund your dream vacation. Alas, it is not as simple as dropping everything and leaving it all behind.
Traveling, while certainly doable, can easily rack up the costs. Being able to save for travel is a sort of privilege these days.
But drinking piña coladas by the beach shouldn’t be some sort of pipe dream. Hey, Rome wasn’t built in a day and neither is your travel fund. With these helpful tips and tricks, you can start saving up and be one step closer to your travel goals.
Plan it all out
Before anything else, you must create a strong foundation first. Be realistic. Where do you want to go? How does your trip compare to the reality of your financial situation?
Remember, if your vacation costs you your peace of mind, then it is probably way too expensive. Make sure that you won’t completely empty your bank account for just a few weeks of relaxation.
Know the overall cost of your trip. Next, compile a list that goes over your income and expenses to see how feasible this vacation will be.
Once done, set short-term and long-term saving goals. Put an achievable number to your goals. Doing so helps you keep motivated and excited to save more.
Get a Side Hustle
We know what you are thinking, “Get a side hustle? My full-time job is already stressful enough!” Of course, a full-time job already takes up so much of your day. How are you going to fit yet another job into your already full schedule?
Well, having a supplementary monthly income helps you get to your goals faster. But side hustles don’t have to be stressful or time-consuming.
One of the rewarding side hustles that lets you have full control of your time and effort is GrabPoints.
GrabPoints is the perfect side hustle for busy people who want to make a quick buck. Don’t worry, no tech skills or experience is needed. You just have to show up.
This get-paid-to (GPT) site works as a bridge between companies and brands looking for direct engagements and people like you. When you complete simple online tasks such as watching videos, taking surveys, and playing mobile apps, you get awarded points.
You can then use these points to claim a variety of digital prizes from GrabPoints’ Reward Store. You can claim PayPal cash of up to $100 and other equally amazing rewards.
Stay in more, and stay out less. You might be surprised at how much we actually spend for “wants” over needs.
Yes, that overpriced iced coffee that helps you function as a normal human being can be costly. Eating out every night can severely drain your finances. Subscriptions to apps and gym memberships you don’t use often put more holes in your wallet than you are aware of.
Now, we aren’t saying you shouldn’t enjoy yourself anymore. The important thing here is creating a balance between saving and spending. Treat yourself to iced coffees, dinners, and other wants. But balance these out by cultivating wallet-friendly habits, too.
For example, there can be days when you can brew your own coffee. It is much cheaper to make your own coffee. Learn how to prepare and cook your food from time to time. Sell stuff that you don’t use anymore.
But we also understand how living a frugal life can be quite a feat, especially when you are too busy making ends meet.
GrabPoints has your back. You can get free gift cards from Starbucks, Walmart, Amazon, and other well-known retailers. You may even get free subscriptions from Spotify, Apple Music, and Netflix.
Living a simple life doesn’t mean you have to cut off everything that brings you joy. Other times, you can get your iced coffee for free.
Open a Separate Bank Account
After building a solid foundation, setting goals, and cutting back on unnecessary expenses, you must solidify your plans by opening a separate bank account.
Separating your travel money from the main bulk of your money means you will be less likely to spend it.
Automatically deposit a portion of your monthly income to this bank account. This practice also teaches you the discipline of not overspending.
Plus, you can actually see how much your travel fund grows each month. You’ll be more motivated to continue until you are finally relaxing somewhere in the tropics.
There are a myriad of ways to save up and finally go on your dream vacation. You can start with something small such as researching the overall cost of your trip or something more elaborate like doing simple online tasks in exchange for free gift cards. The important thing here is to start. Once you do, everything follows.