How to save for your next holiday

Are you way overdue for your next holiday? Are you continually jealous of globe trotting friends filling up Instagram with far-flung destinations? If you’ve been wanting to go travelling for some time, but have been stuck paying bills and barely keeping your head above water, it’s time to get serious.

Relaxing on vacation makes you happier and more productive. And studies have shown that people value experiences over things, so if you’re wondering whether to snag those cheap flights to Asia or grab the latest iPhone, you’ll enjoy Asia much more.

Most people know that they need to be saving more money if they want to travel, but that can be easier said than done. Here are some ways you can save for your next holiday:

Get serious

Have you ever heard someone whine about how they can’t afford to go on holiday, and then watched them go out night after night, splurging on rounds for all their friends? Maybe they drive a shiny new car or are continually going out to casinos and paying all the costs associated with these big nights?

If you can relate to any of the above, you’ll need to get serious about saving, and that means sacrificing some of the things you like to do so you’ll have more money to go on holiday. Check out online casino UK, and gamble online instead of going out to the casinos, commit to cooking at home more often or grabbing some cheap takeaways and having a night in instead of going out for dinner and drinks, and give up the membership to that fancy gym you never go to and get outdoors for a run instead.

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Cut the debt

Being in debt is stressful. Not to mention, the money you’re paying on the interest for that debt could be going towards that cruise through the Mediterranean. If you have a number of credit cards, look at consolidating your debt into a low-interest loan instead. Pay more than the minimum payments on any hire purchases you have so you can get them paid off quicker, and commit to not putting anything else on credit- if you can’t afford to pay cash, you’ll need to save until you can.

Research ahead of time

You can save plenty of money by doing your homework. Check out what destinations are becoming saturated with tourism, and which will give you plenty of bang for your buck. By choosing a cheaper destination, your money will go further and you also won’t need to save as much- meaning you can take your vacation sooner.

Choose Eastern Europe over Western Europe, Prague over Paris, Central America over the United States, and Bali over New Zealand.

While it can be tempting to choose the current “it” destination (Iceland, anyone?) think instead about getting off the tourist trail- you’ll have a more authentic experience and will save more money in the process.

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