Tips for Getting Money Together for your Summer Holiday

Holidays can be expensive – in fact, if you’re not going over your everyday budget, it might not even feel like a holiday – but there are ways to ease the pressure leading up to a break. From planning your holiday up to the departure date, here are some ways you can save up money and find a way to better afford it.

Follow the 10 per cent rule

It may not seem like much, but putting aside 10 per cent of your money specifically for your holiday will add up quickly. It may mean you have to give up something, but small cutbacks can make a difference – having a drink at home before you go out, forgoing eating out one night a week, or home-brewing your coffee to avoid the dent your daily dose of Starbucks leaves in your wallet.

Let the fridge go empty

Not paying attention to expiry dates and constantly keeping your fridge full means a lot of wasted food. Try letting the shelves become empty, and use up what you’ve been keeping in the freezer. You’ll be surprised by how much money you save on food simply by munching on what you already have.

Lighten your load while padding your wallet

For your summer holiday, it’s also a good idea to do some spring cleaning – but the lucrative kind. You can sell old electronics or cameras, or you can say to yourself, “I can sell my clothes for cash!” and finally get around to clearing out your wardrobe.

Check your miles balance

If you don’t have a frequent flyer account, you should consider getting one. It may take years, but building up points does bring you rewards in the long-term. If you’ve been accumulating miles, check and see what they’ll get you. You may save hundreds of pounds on flights, or be able to book a hotel.

Scour the web for deals

If you want to find the best holiday deal, it will require time, patience and a great deal of research. With all the offers out there, it can be hard to narrow down your options, but if you do make an effort you’ll find your perfect deal. Remember that flight and hotel packages are often much cheaper than booking them separately, and that all-inclusive or self-catering holidays can save you a great deal of money overall.

Find the cheapest rate when changing currency

Believe it or not, you can lose a lot of money just by changing currency. The high street banks and the post office are notorious for hiking up prices, so pre-ordering your currency from a trusted online source can save you some money – giving you that much more to spend when you actually are on holiday.