Personal Finance

Saving for Summer Vacation

As school draws to a close, it is high time to start thinking about Saving For Summer Vacation. If you haven't begun a Summer Vacation savings program yet, you still have time to put aside money to help pay for a great trip for your family.  A summer vacation doesn't have to be a month long road trip. It can simply be a weekend getaway, or a few days of staycation with your loved ones, don't feel pressured to break your budget by planning epic Summer vacations every year, for most people that's just not possible. These Summer Vacation Savings tips and savings estimators, however, can help you find wiggle room in your budget and save money for a Summer Vacation that your family will enjoy.

Saving For Summer Vacation Tips

          Tip 1 -Downsize monthly expenses

This can be a great way to create savings for many families. If you already find you do this on a regular basis, then it may not help much. Don't forget there is always time to evaluate and change things up a bit to make more room in your budget.

  • Brown bag lunches – Average savings $60.00/month
  • Skip date nights out – Average Savings $100/month
  • Don't update your Spring/Summer wardrobe
  • Drop cable or satellite television – Average Savings $60.00/month
  • Evaluate insurance policies – Average Savings $20.00/month
  • Use Coupons or Menu Plan around Sales – Average Savings – $100.00/month

          Tip 2 -Save your change

Do you remember those large change jars from childhood? If so, go back to the old method of saving loose change. If you don't use cash to make purchases, start rounding up your purchases to the next dollar when putting into your bank register. You will build a buffer into your account that can then be transferred into savings each month. See if your bank offers keep the change programs for added savings  – Potential Savings $20.00/month

           Tip 3 -Have your paycheck direct deposited

If your paycheck is direct deposited, request that they set aside $25-$50 per pay period to automatically be put into your savings account. You can do this with your employer, or directly through your bank. Some credit unions even have Summer Vacation Clubs Savings programs which make saving for vacations easy.  This savings strategy will become a habit and you won't think about the loss of money each week. This can quickly add up to a sizable vacation budget when you are saving for summer vacation. – Potential Savings – $500

           Tip 4 – Change credit cards

If you are like me you put everything onto a credit card and pay off the balance each month.  That's because ourcards give us benefits like cash back and travel rewards.  We rack up points towards free airline tickets, free hotel stays and even cash back.  You can easily pay for your entire Summer Vacation by simply changing your credit card provider or program.  – Potential savings $1000-$200

Tip 5 – Flash Sale Sites  

Flash Sale sites like Groupon, Living Social and Travel Zoo offer fantastic discounts on travel to places your family actually wants to go to.  We've seen deep discounts on hotel rooms, All-inclusive resorts and even some theme park destinations like LegoLand and Great Wolf Lodge.  Your kids will love the Summer Vacation destinations and you will love the huge savings.  Decide early where you want to go and keep an eye peeled for when those destinations go on sale. – Potential Savings -$500-$1000

So how much could you save for Summer vacation implementing our 5 Summer Vacation Savings tips – Over $3,000! When it comes time to begin saving for summer vacation, you just have to set goals and stick with them. Sometimes those goals will be small, but being realistic is a big part of your success in everything. Understand what you can manage, then make it happen to provide your family with a great summer vacation this year.

You Might Also Like

20 Comments

  • Reply
    Kristin C
    April 26, 2015 at 7:48 PM

    Great ideas! If we really want to be able to go on vacation, we have to give up some smaller things to “get the prize”. We aren’t naturally good at giving up our little luxuries, but we have to remember what we will be getting in return.

    Kristin // The Peculiar Treasure
    athisfeetdaily.blogspot.com

  • Reply
    Liisi
    April 28, 2015 at 6:16 AM

    Love these ideas. I guess now I will be able to save some money for the summer 🙂

  • Reply
    angie
    April 28, 2015 at 3:55 PM

    great tips for saving for whatever one needs. thanks for sharing good luck on your saving and a great trip
    come see us at http://shopannies.blogspot.com

  • Reply
    Pamela Smith
    April 28, 2015 at 9:01 PM

    These are great tips! I need to start checking the flash sales! Thanks!

  • Reply
    Mila
    May 2, 2015 at 7:33 AM

    Thanks for linking up your helpful tips 🙂
    xx
    Mila (Idea Box)

  • Reply
    Brittany
    May 3, 2015 at 10:48 AM

    My parents always saved our spare change & used it for family vacations each year. We always had at least $200! Thanks for sharing at the #HomeMattersParty 🙂

  • Reply
    Roxanne
    June 12, 2015 at 6:21 PM

    Great tips! We have a Disney savings jar for my kids to save their earnings! Start them young!

  • Reply
    Jen K
    June 13, 2015 at 6:44 AM

    These are such great tips! I have actually started doing some of these. Thanks for sharing.

  • Reply
    Taylor S.
    June 13, 2015 at 9:46 AM

    We seriously seriously need to cut down on our spending – I loved these tips! We started saving our change too, and you’d be surprised how quickly it adds up!

  • Reply
    Addie
    June 14, 2015 at 6:32 AM

    I’m still new to understanding credit cards fully, but I’d love to have one that gives back like that to help with financing summer vacation! So awesome, thanks for sharing these tips!

  • Reply
    Janeth Paez
    June 14, 2015 at 10:34 AM

    These are great tips! We recently cut our cable bill by $100 dollars WOAH! And are going to try the direct deposit thing. $25 adds up quickly 🙂

  • Reply
    Shelly
    June 14, 2015 at 10:36 AM

    These are very great tips for ways to save money. Several times I have used Groupon deals to get discounts for attractions in the local area. A lot of times you will save 50% or more which is great.

  • Reply
    Shelley Mc.
    June 14, 2015 at 2:30 PM

    These are great tips for saving in general and thank you for sharing.
    I still use a container for saving my lose change.

  • Reply
    Kelly | Typically Simple
    June 14, 2015 at 7:20 PM

    When I was a kid, my parents always saved our spare change to use for vacation spending money. My husband and I do the same thing now and will be using it for our Disney trip next year! I will definitely be trying out some of your other tips, too!

  • Reply
    Chari
    June 15, 2015 at 5:23 PM

    Thanks for sharing these! I love groupon and livingsocial! I will be pinning!

  • Reply
    Kimberly @ Fit Disney Mon
    June 16, 2015 at 4:47 PM

    I always forget insurance!

  • Reply
    Motivation Monday Linky Party 139
    July 23, 2015 at 2:11 PM

    […] Saving for Summer Vacation | The It […]

  • Reply
    Motivation Monday 5/3/15 - NEPA Mom
    March 4, 2016 at 4:58 PM

    […] Saving for Summer Vacation | The It […]

  • Reply
    Motivation Monday Linky #140- A Day In Candiland
    July 24, 2016 at 5:29 PM

    […] Saving for Summer Vacation | The It […]

  • Reply
    Ana Rose | Roads and Pages
    January 23, 2017 at 5:23 AM

    I love your tips. Those are a really great money saving tips. I am also saving money for my summer vacation soon. Before I spend my hard earned money, I think many times if there is a need to purchase a certain product or service. I need to be wise and I guess all of us need to. 🙂

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.