Everyone loves to travel, but most of us run into some trouble every now and then when it comes to trying to find the money for a holiday. It’s not always easy to afford such joys, and most people have to work out some kind of solution for how to make it all work out. This is especially true if you are keen to ensure that you have a holiday at least once a year, which is the basic goal that most people have. Let’s take a look at some of the things you can do to make that more of a reality.
Renegotiate Your Usual Expenses
Whatever home expenses you have that you need to continue holding on to, you need to consider taking a look at them from a different light. You might discover by doing this that you can actually renegotiate many of them, and in doing so you will be able to free up some considerable funds to use towards your holiday. At first glance, it might be challenging to know how to do this, but in truth it’s one of those things that just take a little practice to get right.
Let’s say that you currently tend to eat out at a restaurant once a week. If you simply change that to once a fortnight or even once a month, you are going to find that it makes a huge difference and frees up a surprising amount of money which you can then filter towards your desired holidays. Or you might even want to look at changing the money that you spend on your grocery shopping, either by changing what you eat, where you shop, or even how much you eat if you know that you could probably cut down a little.
On the smaller side, simple things like not buying a coffee when you usually do on your lunch break can also end up making a difference, although to a lesser extent.
Set A Budget And Stick To It
There are two main budgets that you should focus on if you want to make sure you can afford your annual holiday: first of all, the monthly household budget, which includes what we have already looked at above but also some other aspects – and secondly, the budget you have planned for the holiday itself.
The importance of the first budget is of course to help you save money for the holiday, while the value of the holiday budget is that you will get a clearer idea of exactly how much you actually want to save, and that in turn will help you to be much more motivated with saving money. In order to work out each, you have to be realistic and consider everything that might be necessary to think about.
Once you have a clear idea of how much you need to save, you will probably find that you suddenly start to feel much more motivated to get there, and that is likely going to make a huge difference in itself.
Find Other Income Streams
Everyone is capable of finding a range of income streams if they need to, although it might take some practice and a little understanding at first. No matter who you are or what you do for a living, there are ways to make more money by simply looking at alternatives on the side, and it’s definitely a good idea to think about these. Let’s take a look at some of the alternative income streams that might be particularly worth looking into when you are saving up for an annual holiday.
You might like to start with those possibilities which enable you to earn on the side without having to do much – otherwise known as passive income. Some of the best passive income options include: index funds, affiliate marketing through blogs, selling artwork you have already created, purchasing and trading stock, cryptocurrency or traditional currency, real estate investment, cashback on credit cards and bank accounts, writing, and many other options besides.
Or you could think about other means of getting alternative income, such as: freelancing on the side, using Buddy Loans, blogging, selling your belongings, and so on. Once you get this ball rolling, you will be able to think of a huge number of possible ways to get more money rolling in – and then before you know it, you will be able to afford that holiday much more easily. You might even be able to upgrade your trip to a much more enjoyable or fancy one.
Believe it or not, there are ways to get a holiday for free, or sometimes for almost free. One of the best ways is to do something called a house swap. With this, what you do is basically swap out your home with the home of someone in the country you would like to visit. Of course, that means that you get free accommodation, which is often the main expense of any holiday. Then you just need to pay for flights and have some spending money. It’s worth thinking about – you can either use a dedicated house swap service, or simply try to earn back what you spend on your accommodation by renting out your place on a site like Airbnb. However you do it, it’s going to be a great way to get a holiday for practically nothing.
As you can see, it is generally possible to afford a holiday, even if you are hoping to have one every year – or even more often than that. By trying out some of the options above, or even combining them all together, you can hope to have the holiday you are dreaming about in no time, and that is something to bear in mind if you start to feel it is not possible or somehow it’s outside of your control. You can always afford a holiday of some kind, even if you have to downsize it somewhat.