Summer vacation means a break from routine but taking that much-needed break requires money. You will need to start saving money now if you want to take a summer vacation in 2020. Saving money requires patience, commitment, and dedication.
You may have to cut back on things you love, but look at the bright side, you are saving money to go on a vacation. So, your hard work has a reward in the end.
To help you save money, Monihan Realty brings you useful ways to save for summer vacation in 2020:
1. Open a Separate Vacation Savings Account
If you have money laying around, most of us will likely spend it. Avoid that by opening a separate vacation savings account. Arrange for automatic transfers, specifying to the bank the amount you want them to deposit into the savings account each month. When you get your salary, deposit a specific amount into your other savings account and forget about it. Do not touch it. Pretend like it does not exist.
2. Calculate Your Vacation Costs
How much money do you need to save to go on your dream summer vacation? Calculating the costs will give you a goal to achieve. The costs you need to include are parking, travel, food, accommodation, and shopping. Divide the total cost by the number of weeks you are staying to determine the amount of money you need to save each week.
3. Get a Smaller Cable TV Deal or Cut It Off Completely
If you are spending $100 or more each month on cable, you can save money by opting for a small cable TV package. If you do not watch cable anymore because you are always streaming your shows and movies on Netflix or Amazon Prime, cutting cable completely can save you even more money.
4. Get a Part-Time Job
Get a part-time job if you can to save more money. You do not have to work for someone for it to be part-time. You can work for yourself. If you like to write, you can freelance your skills. If you like to knit clothes or make pottery or have some other hidden talent that can help you earn extra money, advertise it and make your services available.
5. Sell Items around the House
You can sell items around your house that you no longer use. Why not hold a yard sale? Or sell stuff online. There are several different ways you can sell your old clothes, books, electronic devices, and more to people. It will be a good way to earn and save money for your summer vacation in 2020.
Bonus Tip: Put all your loose change in a jar. You can even put a couple of dollars in there. After a couple of months, exchange your coins for dollars, put it in your savings account, and start all over again.
You will reach your goal in no time if you follow these saving techniques. If you plan to visit Ocean City, NJ, in 2020, the team at Monihan Realty can help you find your dream beach home. Contact Monihan Realty to start your vacation planning today.