This year, many people have to experience some of the coldest winters in their life, because of the Russia – Ukraine conflict. The cost for everything was skyrocketing, people have to spend more than they ever were in order to survive the cold winter.
Let’s fast forward into the summer, when you will get to enjoy the sunshine, cool breeze, and the waving ocean. However, you are on a budget after one of the harshest winters in your life. All your money has been spent on the fuel and electricity bills.
Sound familiar? If the answer is Yes, congratulations, you have come to the right place. In this article, CouponUpto will guide you with 10 Summer vacation saving tips. These trips can cost you thousands of dollars easily, so you better buckle up.
Here are 10 Summer vacation saving tips for you.
1. Get yourself a personal vacation saving account
Saving money is one of the hardest things for you, or anyone to do, without a doubt. In a world full of temptations, it is impossible for you not to spend money.
Everywhere you go, there will be things you want to buy. Sadly, that is the dark side of the modern world we are living in today.
One simple summer vacation saving tip is to lock the money down, making it unavailable to spend. If you can't get your hands on the money, you will be unable to use it, no matter what.
You can go to a bank and open a savings account, this way, not only can you save money, you will also have interest, use money to make more money.
Or an easier way is to get yourself a piggy bank or a simple jar and put your money into it. This is not encouraged however, if you can’t control yourself from spending.
2. Make a good use of the bank account automatic transfer
For most banks, when you open a savings account, they will offer you an option of automatic transfer. This means whenever you receive a payment, a fixed amount of money will automatically transfer into your savings account.
In case you have direct deposit, you can check to see whether your manager can split your payment, one into your normal account, one into your savings account. Or you can do it yourself. Whenever you are paid, press the shopping desire down and transfer that designated amount into the savings account.
This can be really hard, however, if you manage this summer vacation saving tip, you will achieve the ability of self-control, as well as saving quite an amount of money.
3. Plan your trip cost
The next summer vacation saving tip is to plan ahead your trip. In order to save properly, you need to have a destination, a goal to achieve. Planning your vacation would be a good start.
This way, you can manage your cost, to see what is appropriate and what is not, and avoid the situation when you are out of funds in the middle of the trip. Furthermore, this will give your saving journey a destination. You will get to follow the saving process, which will be a huge motivation.
Make sure to include other small costs like gasoline, repairing vehicles in case of broken down, parking fee, souvenirs and gifts. These costs are not much individually, but if you sum it all up, it can be an amount that needs to be considered.
After you have determined the total cost, divide it by the number of weeks you want to save to find out the exact amount of money you need to save each week. If the number is too large, you can extend, prolong the time, or cut down the expense to reduce the saving amount.
4. Take advantage of the bonus
Another summer vacation saving tip is to take full advantage of your bonus.
If possible, you should include the annual bonus in the savings account. If the money is already used to pay off debt, you can skip this step. On the contrary, the bonus is a considerable amount of money, and this should boost your saving process.
Or if you have a raise at work, firstly congratulations. Secondly, you can totally add the extra payment into the savings account. It’s another great way to speed up the saving process, as well as taking your vacation trip to the next level with the extra money.
5. Tax return: The secret summer vacation saving tip
Tax returns are some of the best money you get in your life. Normally, you can live and thrive well with a forced payment of social benefits, yet still get a small part in return in the future. However, you should keep this as low as possible.
In case you have a big fat tax return, you can consider this as a source of summer vacation savings. But firstly, you should figure out how to adjust your withholdings, in order to not owe anything to the government.
One small summer vacation saving tip: Try investing using the tax return. However, you should choose a secure investing channel that offers quick profit like bonds or a little bit riskier, stocks. These two channels can offer you high interest in a short amount of time.
It is unwise to invest your tax return in long term assets like real estates or high risk channels like crypto currency. Real estate usually will take you years to make a profit, and crypto currency will most likely wipe out all of your money if you don’t have any knowledge about it.
So the secret here is to invest the tax return in something safe and offer you monthly interest.
6. Work hard, play harder
Another summer vacation saving tip is to get yourself a part time job, or jobs.
If your full time job can only help you pay the bill and doesn’t offer you the capability to save, this is probably an idea that you consider. This will not only help you to save for your summer trip, it can also help you in life.
In a world where money will decide 90% of your life quality, the more you have, the easier your life will be, both for now and for the future.
It can be harsh and exhausting at the beginning, but when you try enough to see the improvement in your life and what you are offering your family, it will be the biggest motivation you have to keep trying.
“Life will throw everything it has at you, your job is to keep going and show life who’s the boss.”
7. Cut off the unnecessaries
Managing your financial statement is the key to a good life, this can also apply to a vacation trip.
The next summer vacation saving tip is to quit things that are unnecessary. Here is an example: Let’s say your weekly summer vacation saving goal is $50. If you cut out your daily Starbucks, which costs around $3 or $4 and sometimes can go up to $6 to 7$ per day, you can already save between $20 and $50. That’s the weekly goal already!
Or if the goal is higher, save something else as well. Cut off expensive desserts, girls/boys night out. Start packing lunch to work, using the leftovers from last night. This can help you save $5 to $10 per day easily, that’s $35 to $70 per week!
8. Shopping on your budget
As much as saving by not spending, buying cheap but quality stuff is also a great summer vacation saving tip. After all, we are all in need of wearing gorgeous clothes on a vacation trip.
If you are wondering which store you can get cheap but quality clothes, here is a top 3 list of our recommendation:
8.1. ASOS store
At the top of our list of this summer vacation saving tip is ASOS. This is one of the best online stores in terms of clothing. Even though ASOS has a variety of prices, the affordable section is among the best of the best.
At ASOS, you can find many accessories as well as classic, mature clothing. Classic but not obsolete.
ASOS would also offer you a great selection of affordable fancy garments to show up at events as well as festivals, should your destination have any.
8.2. Target
This is a wonderful option for the young, who are in need of a summer vacation saving tip. Target is well known for the ultra-trendy clothing at a low price, perfect for young people.
Target offers you a wider range of aesthetics, from sporty to boho and many more. If you look closely and thoroughly, there will be a very high chance that you find things you love.
One small note, as trendy and cheap as Target’s products are, some of the fabrics are delicate and will need to be treated with care, this means it may not hold up well in the washing machine. So bear this in mind before you wash.
8.3. H&M
It is easy to say that H&M is a real life fashion paradise. This is a place for everyone, H&M’s products come with all shapes and sizes, as well as a variety sets of prices, from low to high.
H&M offer seasonal clothes, as well as classic yet trendy styles. From crop tops to fancy dresses, from cheap yet fashionable accessories to real value jewelry, scarves.
H&M’s products can even compete directly and fairly with Zara. So if you are looking for a cheap store to shop, H&M is a great place to start this summer vacation saving tip.
Another summer vacation saving tip is to take advantage of Coupon Codes to shop cheaper. You can visit our website to find more coupons.
9. Hold garage sales
It is a common thing for people to have unused things all around their house. I bet that you are among them. It’s okay to be one. In fact, you should be glad if you are one, because now you can hold a garage sale and sell your unused, still functioning items.
Consider this summer vacation saving tip similar to a tax return, the only differences are that you will not owe anything to the government, your house is cleaned up, more space to use as well as stack items, and the most important of all, you have more money to use and save.
This is a great way to build connections with your neighbors too. So, you better start digging now. Ask yourself what items you haven’t used for the last couple of months.
Just in case you don’t want to or can’t hold a garage sale, you can always sell your old stuff on eBay for extra cash. When in doubt, sell it out.
10. Motivate yourself
Motivation is a magical thing. It’s not visible, motivation itself doesn’t have or make any value, but it is a great tool to promote people to do things that will create values. You will be surprised what a little motivation can do to you on a daily basis.
One trick to motivate yourself is to hang or place pictures or items that will remind you of your goal, in this case would be your trip, at visible places like your work desk, your car, the bathroom or your wallet.
You can also take advantage of sound and music to remind you of your goal. Should there be any piece of music that relates to your destination, you can play it while at work to motivate yourself.
This is more than just a summer vacation saving tip, you can apply to everything you do in life.
Conclusion
The one last ultimate summer vacation saving tip is to combine all 10 strategies above, in order to maximize your savings. If you succeed, there is a very high chance that you will save a fortune. More than enough for your trip.
It is easy to say that all the summer vacation saving tips above are not only for your trip, they are meant to improve your life quality as well. Execute them all and you one day you will be surprised by how much better your life would be.
The sooner you start, the easier it will be in the future, and the quicker you will be reaching your goal. For now, thank you so much for reading. We hope you have a great and productive day.
