Travel Tips

3 Tips for Saving Money for a Holiday

When planning a holiday the pennies can quickly add up and you can easily find yourself blowing the budget you had once set. This is especially the case if, like us, you’re restricted to taking your holiday during peak school holiday times. To combat this, we try and make saving money for a holiday as imaginative as we can so it never feels like a big hit on the bank account. Read on to find out our top tips for saving money towards your next adventure.

Money Box

We were given a globe shaped money box as a Christmas present one year and the note with it read ‘where will your next adventure be?’. Clearly they know us well! It was a lovely gift and we’ve used it for exactly that – saving for our next adventure. Every time we get a £2 coin the rule is that we have to put it into the money box. When the box is full, we count up how much we’ve saved (last time it was about £300) and that’s a contribution to our next city break. Okay yes, it takes a little while to fill it but you don’t feel it as much when you’re only adding in £2 as and when you get them. If you want to get yourself a money box or are in need of some gift ideas for those special people in your life take a look here.

Matched Betting

We started matched betting after reading about it whilst relaxing on the beach in the Dominican Republic and wishing we could do so more often. Our aim was to make £2200 between April and December as a contribution towards our holiday to St Lucia. We managed to surpass our total by October, and by the following March we’d made more than £3000! Tax free money to pay for your next holiday? Yes please! If you’re interested in learning more about matched betting click here.

Gifts

We don’t buy each other Christmas or birthday presents. Instead we put a bit of money aside into a joint savings account to go towards our next holiday. To make it a bit easier, each month there is a £30 direct debit that goes across. That way we spread out the cost over the year and don’t find ourselves having to fork out more at an already expensive time of year. Over the course of a year the smaller contributions can add up to a significant amount towards your next adventure. Could you swap material gifts for some memories with your loved ones?

Do you have any good ways of saving money for a holiday? Let us know in the comments below!

The Rambling Travellers


Read More

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18 Gift Ideas for the Travel Enthusiast in your Life

How to Save for a Holiday in 2018

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10 Tips for Travelling Around Europe


 

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2 Comments

  • Kai

    Hi! Great tips on saving money! I am really interested in matched betting, I will take a closer look at it. Thanks for sharing!
    I think we have to be patient and persistent to be able to save money. Save a little everyday can really add up. We also need to have strong self-control.
    I don’t have strong self-control, I always spend too much on unnecessary stuff. Let me know if you have any tips on how to control bad buying habits.
    Thanks for sharing these wonderful tips.

    • The Rambling Travellers

      Hi there! Thank you for checking out our site and leaving a comment 🙂 I’m glad you found our tips for saving for your next holiday helpful! Matched betting is definitely a great way to make a bit of income on the side and Oddsmonkey is a brilliant service which makes it so easy and convenient.

      Saving money can definitely be hard and we do try and use the little and often technique. We also try and transfer money out of our main accounts and into our savings accounts as soon as we are paid to try and minimise the unnecessary/avoidable spending throughout the month. I also find that it helps if you’re saving towards something because then you feel guilty when you spend money that was earmarked for something else (in our case it’s usually a holiday!)

      Hope that helps! Do let us know if you do try out the matched betting and how you get on 🙂

      The Rambling Travellers

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