5 Easy Ways to Save for Your Summer Vacation

     One of the seasons I am looking forward to is summer. Most of the people I guess are excited when summer is just few months away. I consider summer vacation a good add on my to-do-list every year. It's a chance to escape from day life and a great time to relax and unwind. There are tons of activities to do but still traveling is the top most as it gives a different kind of adventure and experience. However, vacation is pretty much expensive and can break your bank account.  

Here are easy ways to save for your dream summer vacation :

1. Plan Ahead- First thing first, plan ahead of time. Planning always goes first in-order to minimize possible problems/conflicts and fix it as soon as it arise. A year or few months of planning is highly recommend. One of the biggest consideration in planning a vacation is the budget, know how many percentage of your income will be allocated to cover all the possible expenses. Identify all possible places or activities that will best suit your budget as well as your interests.

2. Take Advantage of Discounts & Deals -There are a lot of sites where you can find great deals and discounts that can really maximize your savings. Choose a deal that offer meals and other options so you don't need to spend more,  knowing the fact that sometimes food and other activities are pricey on those attraction sites.

3. Bring Friends or Family Members- Usually bigger groups saves more than traveling alone. You can also get an additional discount on lodging, foods, transportation and other services. Aside from bigger savings traveling with friends or family will be more fun and merrier.

4. Sacrifice Small Stuffs- I think this time it will be easier to sacrifice those small stuffs or expenses to save for your dream summer vacation. For instance, if you're drinking coffee twice a day you can make it one cup a day. In the long run say example a year can accumulate a reasonable amount of money that you can add to your budget.

5. Create a Separate Savings Account and Automate -Open a new savings account just intended for travels and vacations. Allocate a certain portion of your paycheck, it can be bi-weekly or monthly. TIP: Find a bank that offers an automation. Automating your savings will help you reaching your target goal and lessen the hassle of going to the bank as well as failure to deposit. 

Ways To Develop Money Savings Habits

     Creating or making a habit or in short being consistent is a hard thing to do but considering all the benefits of it is life changing. Everyone of us has our own personal habits that allows us to feel better each day. One of the hardest thing to do is to save money regularly so I admire all those who had great success when it comes to savings. I tried it many times to start saving money but turns out to do it inconsistently so I need to adapt some techniques to make it easier. 

Here are some of the steps to develop money savings habit:

Set Goals

In everything we do we must have specific goals for us to be more motivated and hungry to achieve those goals. Setting goal is the first thing you need to consider if you wanted to save money. Start from the short term ones before hitting the long terms for you to easily know how powerful and benefiting saving is. This will be the starting point of becoming very focus and serious on achieving your financial goals.

Pay Yourself First

Consider your savings like a monthly bill, by this savings becomes a necessity. It can be the 10% of your monthly salary so you can save substantial amount through years. "Pay yourself first" is consider as the golden rule of personal finance. 

Always Think of Saving

When you still have few bucks at the end of the month the best way to do is save it. Do not buy or spend it to things that are not really needed. I know a lot are guilty of spending even the last cent on their pocket specially there are a lot of tempting things to buy. Practice the art of control.

Earn More

As long as you're earning more it is most likely that you're capable of saving more. It's not like your income increase your needs also increases like buying more clothes and gadgets just to show to people you're earning bigger.Think wisely and don't buy things just to impress others.

Track all Expenses

Some of us don't have any idea where our hard earned money goes. Well, to help you determine where it really goes try recording all the expenses you incurred every month. When you go outside record all your expenses like eating in the restaurant, going to the coffee shop and other small or big expenses. It is now very easy to do this as everyone owns a smartphone where you can enter every expenses to a personal finance tool.