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How to Save for A Vacation on A Tight Budget: Our Step-by-Step Guide

  • event_available Jun 03, 2021
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How to Save for A Vacation on A Tight Budget: Our Step-by-Step Guide

As travel begins to re-open for many of us as the world looks to return to some sort of normality – you probably can’t wait to pack your bags and hit the road!

You might be on a tight budget, but please don’t panic. You can still go on an awesome vacation with your partner or as the whole family. All you have to do is save properly!

If you’re wondering how to save for a vacation on a tight budget, then keep reading for our step-by-step guide from our money-saving experts:

Step 1) Do Your Research

First things first, before you even think about booking your getaway, you need to do your research!

Make sure that the vacation you book is within your means and that the cash you need to save for it is achievable.

You might decide that a local break would be the best way to enjoy time away without breaking the bank. Or you might find your dream overseas beach vacation at a great price.

Either way, it’s crucial that you do your research to get an idea of the type of trip you want and how much it’s going to set you back.

Step 2) Look Before You Book!

Once you’ve got an idea of where you want to go, it’s imperative that you shop around first!

Use independent sites such as Skyscanner to find the best deals on flights from various airlines. Coupon sites such as Coupon Ninja are also a great place to find the best online coupons for your hotels!

As well as the trip itself, think about how you’re going to get around once you’re there. Are you going to need to hire a car? Or maybe just get taxis? Either way, you can find a whole bunch of transport coupons to help you save plenty of dollar.

Or if you’re heading to Europe this Summer, be sure to check out Zest Car Rental – who have received a Platinum Service award and pride themselves on providing great value for money.

Step 3) Review Your Monthly Budget

Once you’re all booked (yippee!) – now it’s time to crunch the numbers.

You’ll have likely just put down a small deposit to book your trip. So now you should work out how much you’ve left to pay, how much money you need for shopping before you go, and don’t forget about how much spending money you’re likely to need whilst you’re there.

Once you have an idea of how much you need to save – add it into your monthly budget as a new expense and work out how you can cut back on other expenses to save the cash for it.

Step 4) Start Saving NOW

Now you’ve got your vacation booked, it’s time to start saving!

You know by this point how much you’re going to need to save and where you’re going to find the cash from. So the best thing you can do now is to set up a weekly or monthly direct debit, depending on when you get paid.

We recommend the best way to do this is to set up a new, separate savings account for your direct debit. This will help you keep your savings tied up where you can’t touch it – and if you find a savings account with a good interest rate then you can earn more! Sites such as Bankrates are a great way to help you find the best rates.

Step 5) Book What You Can in Advance

Another good tip when saving for your vacation is to try and spread out the costs of your vacation as much as you can.

If you’re planning to go to waterparks or tours while you’re there for example, then see if you can book your tickets in advance. If you book early, then you can generally snap up some better deals than you would on the day.

You can even find a whole bunch of coupon codes for tickets and events on our website for things such as sightseeing tours, theme parks, and more!

Step 6) Make Sacrifices

We know that sacrificing your weekly takeout might seem like a bit of a bummer now, but we promise you, it’ll be worth it!

Making small sacrifices at home is so easy but will make a huge difference to your savings jar.

Ditch your next night on the town for drinks in the house instead. Or if it’s a family vacation you’re saving for, take a look at our article on money saving tips for moms on a budget that outlines loads of easy swaps that could save you money.

Step 7) Can You Earn Some Extra Cash?

What’s better than going on vacation? Earning cash while you’re there!

As well as saving up, think about if there’s any way you could make some extra cash before you go away or even when you’re there.

Have a car boot to sell off some of your old holiday clothes that you no longer want. And you could even have a look to see if you could rent your home out whilst you’re away! There’s loads of great sites you can advertise on such as Airbnb that are super easy to become a host on.

Step 8) Don’t Go Crazy on Shopping

We get it, you’ve not been on a vacation for a while so naturally you want to buy a whole new wardrobe... But don’t!

As tempting as it may feel on the build-up to your vacation, try not to buy things that you don’t need and may never use again. Concentrate on the essential items that you need to buy new such as sunscreen.

Once you’ve got the essentials sorted, shop around for any new clothes or shoes you may want to take. Don’t forget to shop smartly, look out for sales – or check out our swimwear and clothing coupon codes that are regularly updated.

Step 9) Go Have FUN!

Ok, so now you’re all set! The most important thing to remember now is to have fun!

If you’ve followed all of the above steps, then you should hopefully feel super confident about your trip and won’t have to worry too much about money while you’re there.

You can make budget-friendly choices whilst you’re away and still have a great time. Simply set yourself a spending limit for each day you’re there and spend it the best way you can! (mojitos anyone?!)

At Coupon Ninja, we’re passionate about helping people save money where they can. We hope this article has given you a few ideas on how to save money for a vacation – especially if you’re on a tight budget.

For more of our money saving tips, please check out our blog here or contact us for more information.

Charlotte Marshall

Savings Ninja
Being a full-time content writer and part-time shopaholic, globe-trotter and avid lover of all things food (and wine)...I love researching the best money-saving hacks so that I can help fuel my own passions, and yours!

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