26 September, 2019

How to Save Money for Your Next Family Holiday

When money is tight saving up for things like holidays can be incredibly difficult. However, you and your family deserve the chance to get away for a bit and explore new places and experiences together – and with these tips, you’ll be able to put aside enough money to give your family the holiday they deserve.

Cut Out Any Unnecessary Expenses

Whether you’re overpaying for something you could get cheaper, or paying for something you don’t even need, it’s likely you’re paying for things that you can easily cut out. Maybe it’s a gym membership that you haven’t used in a long time or a TV subscription you never use, or a bill you keep paying without considering whether or not you could find it somewhere cheaper – there’s always somewhere you can cut your expenses.

Make sure to review your bills, as well as reconsider your insurance, especially car insurance. You want to make sure you can get the cheapest deal possible – use a site like Quotezone.co.uk to search over 100 different car insurance providers to find you the best option, meaning you could save lots of money in the process. Using this comparison site to find cheap car insurance in the UK also means you’re using a reliable, secure service, so you know it’s safe, and could save you a lot of money, meaning you can put the money you save aside.

Subscribe to Travel Newsletters

Whether you’re looking at flights or accommodation, prices can be a bit too high, especially since the only time you may be able to go is during the kids’ summer holidays. It sounds a bit pointless, but trust us when we say subscribing to newsletters is one of the best things you can do – not only will many of these also offer tips on getting cheaper holiday prices, but most likely they will offer their own discounts too, meaning you don’t have to spend a fortune on flights instead of the holiday itself. It’s also worth shopping around – compare deals and discounts as well as regular prices. Although this may take a bit of time, it’s worth it to cut back on costs and potentially save you hundreds of pounds.

Make Saving Easier

Before you even start saving, you need to make a budget of everything you’ll need money for – things like car hire, food, and activities. Once you have a rough idea of how much it will cost you, figure out how much you need to put aside a week to save enough. Putting aside just £10 a week can save you £520 in a year. The best way to think about it is to treat it like paying a bill – dedicate yourself to paying a regular sum each week or month, as this will make it easier to stay committed.

It’s also worth putting aside any spare change left over from the day in a jar; you’d be surprised just how quickly that little bit of change at the end of the day can build up, especially if the whole family contributes. Then, when you’re putting money aside, set up a savers account and put it into there – this is a much better place than a current account, as you can earn a little interest from the money you put into your account. It also means you can keep the money for your holiday separate from your spending money, making it much less easy to dip into and spend.

When you start, saving money for a holiday can seem daunting and out of reach, but a bit of planning and some dedication is all you need to put some money together and give your family a well-deserved treat.

3 responses to “How to Save Money for Your Next Family Holiday”

  1. Michelle Lewis-Robertson says:

    I’ve always struggled with this, thank you

  2. Maria says:

    Pputting aside any spare change left over from the shopping in a jar or tin; has always worked for us but one must not get tempted to spend it again before you need it for the holidays!

  3. James Travis says:

    Great tips

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