“A vacation is what you take when you can no longer take what you have been taking.” -Earl Wilson
No doubt any type of vacation would cost you money—and the farther it is, the more it would cost.
Sure, you can always come up with ways to save up by looking for cheap airline deals as well as looking for alternative accommodations. However, regardless of how hard you would try to mitigate your cost, you will inevitably spend a significant amount of money. Besides, if you do travel, it would make so much more sense to at least pamper yourself not exactly in all aspects, but in one aspect at least. After all, you would be cheapening the experience if you insist on tightfisted and miserly in every aspect of your vacation budget. This invariably includes foregoing tours or missing out on the local cuisine just because it is beyond what you have budgeted for.
To avoid such scenarios, it would be best if you saved months prior. So, if you have been dreaming of staying in a hotel in Cebu City with an excellent and picturesque view of the beach, here are some of the ways you can save for the vacation:
1.) Open a dedicated savings account
Planning a getaway should begin with a dedicated savings account. If you are truly serious about your endeavors to save up for your excursion, then you should approach this plan methodically. In this regard, your personal funds and your travel funds should not commingle. With this in mind, you should open a dedicated savings account specifically designated for your travel funds. More often than not, it would cost you virtually nothing to open up an account—just a bit of your time. However, make sure that if you do open an account, look for one that does not have minimum balance penalties once you start spending the money you have saved.
2.) Forego little luxuries and treats
Before embarking on that travel venture, try to forego you Friday movie nights or Saturday night outs at the club with your girls. You might think that giving up your weekend dinners might be a bit too much of a sacrifice, but these little treats you give yourself would ultimately add up to an exorbitant amount. This same amount could already pay for your tour or even your airline tickets. So, try to say no to yourself once in a while and instead focus on that dream vacation. It might feel like you are depriving yourself at the moment, but once you set foot on foreign land, you will be glad you held out on those little favors you used to indulge yourself with.
3.) Use Your Car to Make a Little Cash on the Side
If you have a car, put it to good use by making a little cash off it by carting passengers on the side. Your car is an avenue for extra income and if you have a lot of downtime, you can really make serious cash. Uber, Grab and Lyft are carpooling app services that would pay you to drive people to their destinations. However, if driving seems like too much work and effort for you, you can choose to rent out your car instead.
4.) Sell your stuff
Why not do a little sprucing up before going on vacation? In this way, you would not only be able to get rid of the clutter and organize your homes, you would also be able to identify what items you have which you can put on sale. If you have a social media account, you are already set. All you would really need to do is post your stuff on buy and sell groups and watch it sell itself.
5.) Make your credit card work for you
If you are a frequent traveler, it might be best if you used a credit card that would accumulate airline miles. In this regard, all of your regular expenditures throughout the year could actually be converted to an airline ticket. The next time you intend to travel, you might even be doing it for free.