Side Street Style: 5 Ways to Save Money for a Family Holiday

Side Street Style

A UK family travel and lifestyle blog

16/04/2018

5 Ways to Save Money for a Family Holiday


Family holiday



Are you long over due a family holiday? Even if it's just a weekend camping trip, staycation or you have dreams of a long haul destinations it can be hard if you don't have some kind of budgeting plan in place especially if you have children. Life in general can be so busy, hectic and draining finically but it's also really important to step away from it all every now and then so having a travel kitty you can contribute towards to during the year is key and really will add up over a period of time and take the stress off planning a trip away. I thought I would share 5 easy ways to help save for that family holiday so do check it out even if you have already paid for most of it in advance it's always good to have some extra spending money. If you already know where your going check out my other post about how preparation and booking at the right time can save you loads.


1. Declutter and Ebay what you don't need

I often do this before we are going away somewhere. I am constantly minimising what we don't need in the home and I often do a big drop off at a local charity store and what I can Ebay or put on Gumtree I do because it can really add up and it's a great way to declutter your home but also make a little bit of extra money to go towards any family travels we have planned.

2. Reevaluated any memberships or subscriptions you have

Review any memberships, subscriptions or services you're paying for to see which you could do without. Remember that you may only need to suspend these luxuries for a few months to pad your savings account. You could drop a gym membership, for example, in exchange for running and other free exercises you can do at home or at local parks such as yoga. Review your TV provider and package - you maybe able to reduce it down to a basic package and add a cheaper streaming service instead, an easy swap but will save you money monthly.

3. Stop Eating out 

Buying groceries and cooking at home, especially if you have a family, can literally save you hundreds of pounds. If you enjoy eating our regularly you may initially find this hard or tedious but its a great way to save money as well as eat a little healthier and why not get the kids involved with the cookie. Also, try to cut morning coffee from coffee shops and cafes from your morning routine and rather brew your own at home.


kids in the kitchen
Make eating at home fun

4. Trim Other Monthly Expenses

Expand your budget trimming to your other monthly expenses as well. For instance, you could dial back your central heating now we are going into summer and if you can adjust the temperature by a few degrees a day you'll save 10% on your energy bill in one year. Combine this with other utility-conscious adjustments, like taking colder showers and using less water, and you can reward yourself with more money to spend on your adventures.

Also, if you have debt, you can look into refinancing options to lower what you owe each month or taking out an interest free credit card and transferring your current balance which could provide you a breather. You could also consider student loan consolidation which can be an excellent money-saving option if you have multiple student loans with different interest rates. By refinancing your student loans, you can bundle these expenses, leaving you with a lower interest rate overall.


5. Use Your Credit Card to Accumulate Travel Points

If you have a credit card with cashback rewards, use it wisely to accumulate points that can be redeemed for airfare. Whatever purchases you have to make, put them on the credit card. This is like earning free money. Just remember to pay off the balance completely every month so you don't accumulate debt.

If you have six months to a year to prepare, you could save thousands of pounds for your holiday by following these and other money-saving tips. Though you might have to make a few short-term changes, you can look forward to a trip you've earned by being frugal.



travel savings

*Associated

4 comments:

  1. Stop eating out is perhaps the most money-saving of all tips here! So much can be saved by cooking the food and for that matter, even sourcing the raw ingredients from the cheaper supermarkets. Something that I would also add to it would be to seriously think about the money spent on petrol or public transport fares for the shorter rides. Walking a few miles is not really that difficult and good for the heart too.

    ReplyDelete
    Replies
    1. I totally agree - I love cooking from scratch and do it most nights, often the only times we eat out is if we have gone somewhere for the day and I haven't had time to put together a proper lunch for my boys. Also yes to walking more - it's free and great exercise

      Laura x

      Delete
  2. Some good tips here - I think that eating out (and drinking out) makes such a big difference. I generally only do it when there is a social aspect involved like meeting up with friends.

    ReplyDelete
  3. Brilliant ideas. If you really want it you will find ways to save. Dear husband spends a fortune on coffees out!

    ReplyDelete

Lovely comments

Related Posts Plugin for WordPress, Blogger...