With summer fast approaching, there is probably one thing
that’s on everyone’s minds – family vacations. However, it’s not all fun and
games – along with the excitement comes the inevitable worry about saving
enough money for the trip. It’s a big hurdle to overcome but with a well-planned
out budget and plan, saving up won’t be as gruesome as it may seem. Saving
money isn't rocket science; it’s about discipline and knowing how to make your
money work for you.
“Vacation planning should
be fun and should not be felt as a burden. Families should focus less on the
financial-woes and think about the memories they will make on the trip,” says personal
finance money-honey, Gail Vaz-Oxlade. “If you know where and how to save, you’ll
realize that saving for a family vacation is much easier than you had imagined.
With careful planning, everyone will be able to find a trip that would be a
perfect fit for their budget.”
The first step in planning a family vacation is to make a
budget and to start saving up for the trip. An easy and great place to start
saving is at home. You can save a lot by making small changes in the way spend.
For example, being conscious about the choices you make in purchasing groceries
and other home-related products will not only save you money but it could
potentially also make chores around the house a lot more efficient as well.
Here are a few tips on how you can easily save around the
house to prepare for your next family vacation:
· Plan out
your purchases and stick to your budget – Smart shopping is an important
part of the equation and that means being prepared. Do most of your decision
making at home to cut down on impulse purchases.
· Comparison
shopping – Buy products that stretch your dollar. Just because a product is
a no-is priced lower, doesn't always mean that it will have the quality of the
brand you love and trust. Many brand name products now offer value-priced
offerings with the quality you know and trust. For instance, you might need 4-5
sheets of lower priced paper towel when one sheet of the Bounty Basic will do
the job. You’ll be surprised to know that many branded products give you more
bang for your buck.
· Coupons
– Take advantage of coupons when you’re grocery shopping. Utilize websites such
as savingmadesimple.ca which provides great deals and coupons on the products
you’re already using. You can also look through your flyers to find great deals
from the stores you frequently shop at, or sign up for newsletters to have them
delivered to your inbox weekly.
· Transfer
money to your ‘travel fund’ – The savings you made from using coupons or
finding great deals should be put into your ‘travel fund’ instead of being put
back into your wallet. This will prevent you from using the money on something
else other than towards your summer family vacation.