Many of us if not all will agree with me when I say that we need to have a vacation. From work, from studies and even just from day to day on-goings just to relieve ourselves from stress!
When we plan for a vacation, there's a lot of things to consider. Mostly, the most hindrance of all is the budget itself. We even tend to forget everything we've planned due to unavailability of money to spend.
In this article, we will share you how to have a vacation possible without spending too much and avoid hitch-hiking just to go back home =)
According to experts, having enough money to make a vacation possible is either a short-term or a long-term goal as far as saving money is concerned. Moreover, we really need to have a vacation to spend quality time for our loved ones.
Having a vacation can be considered a 'need' but it can be categorized as 'want' if it will become expensive. Someone needs to force oneself to save for this rather than taking this less seriously. If you'll take this for granted, it will result into:
- you didn't have the vacation because you already spend all your money elsewhere.
- you didn't plan ahead your vacation so you didn't make the best out of it, your money is wasted.
- you spend all your money in a vacation so there's nothing left when you went home.
To make your vacation worthwhile, experts have cited the following guides for you:
1. Don't ever use your retirement money for your vacation. Spend time to study how much you will set aside on a monthly basis to save for your vacation. Push yourself to have this done to really save those amounts for your escapade.
2. Make a budget analysis (just make it simple, don't blame me if you end up sleepless doing this), write all needed details if possible. Usually, this will include travels, food, clothing, gifts among others.
3. You need to compute how long will it take to save money for your vacation. In this way, you will estimate when will your vacation be possible (please make it realistic when saving money though, say 1 year to make that vacation possible).
If you plan on spending your vacation on a specific date say, every December, try to go back into your budget analysis and decide which one you will alter to make that vacation possible. You can lessen your day to day food allowance to maximize your savings. Just be realistic though, you'll just hurt yourself planning for things that's impossible to realize.