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Finding the Money For This Year’s Holiday

Ah, money. It’s always one step ahead of us, always there to derail our fun or cause us to have sleepless nights. Sometimes, the sheer cost of simply existing means we don’t have the time or ability to think about all the fun things that money enables us to do, such as travel. And if you’re a business owner, then your money will be stretched even further. How do people afford to run a home, have a business, and also puts crosses through their travel bucket list each year? It turns out that it might not be as difficult as you think if you follow a few useful tips and tricks. Take a read of the below, and you’ll be on your travels in no time!

Make it a Priority

Everyone would like to spend more days at the beach or soak up all there is to love about the world’s greatest cities. But how bad do they really want it, when it comes down to it? Your life reflects the things that you prioritise. If you have plenty of expensive goods but few travel memories to speak of, then that just shows that you’ve prioritised materials goods over travel. There’s nothing wrong with this, but it might go some way to explaining why you can never quite find the money to hit the road. Moving forward, make travelling a priority. It’s much easier to make it part of your life if you know that it’s the only thing you want to do!

Set up a Savings Fund

If you’re waiting for a mythical time when you have some extra cash in your bank account before you book a holiday, then you might be waiting forever. With all the expenses of daily life, most of us only have a fairly flimsy grasp on our finances. If you need to save $1000 for your annual holiday, then make a plan that makes reaching that target manageable. If you set up an automatic $200 payment to your savings account each month, you’ll have all the money you need and more within six months.

Redirect Your Money

Of course, sometimes it’s not just possible to effectively remove $200 from your salary, even if it is ultimately going to be put to good use. Instead, why not find that $200 by making savings in other areas of your life? It’s nearly always possible to save money on your car if you know the best practices to keep costs down. You can also look at the costs of running your home, and see if there are any areas where you can make savings. All the money you save can then be put straight into your holiday fund! You’ll also feel the benefits of these savings long after you’ve returned from your getaway, too.

Cut the Luxuries

You can save money on the essentials, but they’re still essentials, and you’re going to have to spend some money on things like your car, food, and energy bills. But there are some things that you don’t need - but often do - spend money on. Take eating out. This is a tremendous waste of money - the mark up on what you would spend if you cooked at home is eye-watering - yet temptation often gets the better of us. Take a look at where your money is going, and you might just find that you’re able to make big savings just by giving up a few luxuries. Not that you need to stop having fun; just replace them with cheaper, or free, alternatives.

Find a Second Income

Most people assume their financial position is dictated solely by their wage, but this isn’t true. Or rather, it’s not true if you don’t let it be true. Most people can have a different source of revenue; it’s just a matter of whether they exercise that ability. Take housing, for instance. If you’re a homeowner with a spare room, then you have the option of raising hundreds of dollars each month just by letting out your extra room. These other sources of income exist everywhere - a part-time job, or starting a side business on top of your existing enterprise, for instance - it’s just a matter of making them part of your life.

Rethink Your Holiday

Now, if you’re planning on taking a week-long, five star trip to New York, then there’s not much we can say: you’re just going to have to save a lot of money! But if you’re pretty flexible about the type of travelling that you do, then you’ll find that you’re able to go away without saving boats and boats of cash. Have a look at alternative ways to travel, or trips closer to home, or travel experiences that are free (for example, websites like and so on), and you might find that you’re able to go away much more often than you thought!

Get Smart

There’s no such thing as a ‘cost of a holiday.’ There are simply too many factors that go into determining how much they cost. The key is to make sure those factors swing in your favour. The same holiday, at the same time, and the same quality of close could have a difference of hundreds of dollars if you didn’t book it ‘the smart way.’ Essentially, the power is in your hands if you shop around for the best deal, have flexibility, and don’t rely on any single travel operator to provide every aspect of your trip.

Take Your Money Further

You can also find the cash you need to go away by significantly lowering your daily travel expenses! While it’s nice to splash out every now and again, you’ll be able to go away more often and for longer if you make some fiscally sensible money decisions, such as avoiding any overpriced tourist hotspots if they’re not really something you want to do.

With the advice above, you’ll be out there and exploring in no time at all - and with cash to spare!

Business Daily Media