Everyone has a bucket list destination they want to visit. For example, you may have always wanted to experience the buzz of New York’s Times Square, watch the sun go down on a Caribbean island, or explore historic Rome.
Yet, if you do not organize your finances, you might never step foot in your desired destination.
If money is preventing you from jetting off, check out these four top tips for funding your dream vacation.
1. Save Money Each Month
If you do not have the money available in your bank at present to book your dream vacation, save a little each month towards the getaway.
Identify exactly how much money you will need to save for flights, accommodation, excursions, food, and souvenirs.
Setting aside a small amount each week or month can mount up to a large lump sum in time, which will help you tick a destination off your bucket list.
2. Overhaul Your Finances
Head off on a dream vacation sooner rather than later by overhauling your finances. Cut out unnecessary expenses, such as takeout, magazine subscriptions, and excess clothing.
Also, switching bank accounts could help you save a substantial sum over time. For example, banks with overdraft fees can punish customers when they are already struggling with their finances.
For this reason, you should consider switching to a bank that does not charge a fee or call your bank for a refund.
Question every unexpected fee you receive, compare providers, switch suppliers, and shop smarter to boost your bank balance.
3. Sell Unwanted Items
If you have an old smartphone sitting in a drawer, barely use a TV in your bedroom, or have an expensive necklace gathering dust in a jewelry box, consider selling them to a more loving owner.
It will free up space in your home, and you can add the money into your dream vacation fund.
There are many superb apps and websites to market your belongings, such as:
- Facebook Marketplace
Also, you could go down the traditional route of hosting a garage sale to sell your unwanted possessions.
4. Start a Side Hustle
Turn a hobby into a side hustle to top up your income each month.
For example, if you have a flair for jewelry making or a talent for baking, you could sell your creations to grow a large vacation fund.
You could sell the items to your loved ones and/or colleagues, or you could market them on the likes of Etsy, Instagram, and Facebook.
You never know, the profitable pastime could grow into a successful business, and you could head off on many vacations throughout the years.
If you have your heart set on visiting a specific destination at least once in your lifetime, follow the above top tips to turn your dream vacation into a reality.
So, get smarter with your finances, switch banks and providers, start a side hustle, and sell your unwanted items to increase your savings pot.