I’m always looking for new ways to save for my next trip away, as I like to go away at least two or three times every year. If you’re lucky enough to be in a position where you can save for trips, then you know it’s all about priorities – what’s more important to you is where your money will go. If you’re hoping to save a little more money this year in order to be able to travel more, here are my top 4 ways to save more money for your next holiday:

1. Cook at Home
Eating out, while a ton of fun, is actually pretty expensive. You can probably make the same meals at home for a quarter of the price. Cooking at home is an excellent way to save money that you can then pump right into your travel fund. If you’re struggling to cut down on eating out, ask yourself whether you’d rather eat that Dominos pizza, or whether you’d prefer to be eating pizza in Italy? For me the answer is simple. If you tend to eat out a lot during the work week, you will find that prepping lunch at home and taking it with you will dramatically reduce your expenses. Not only will this tip help you save money, but it can also be a great way to eat healthier and get in better shape for the next trip.

2. Invest or Save
Setting your money that you’re saving into a low-risk investment account or savings account is a great way to build up those travel funds. As you’re likely to be using the money in a relatively short time frame, you don’t want to put your money into high risk investments as you don’t have the time to ride out the highs and lows. Check out these interesting bond options here https://bondsexpress.com/new-york-bonds/new-york-independent-adjuster-bond/.

3. Look Into Your Expenses
Taking a proper look at your monthly expenses is a great way to see where all your money is going. It can be a good idea to track all your expenses for at least a month before you sit down to analyse them, but it’s important that you’re honest and transparent with your spending. Some simple ways you can cut costs and have more money left over each month to put into the travel fund include: looking at your phone plan – could you find a more competitive plan to save money each month? Would you be able to reduce your power costs in order to reduce your electricity bill each month? How much food are you wasting by not doing proper meal plans before grocery shopping? These are all simple ways you can find extra money each month. Likewise, if you have a business then you might want to check out if there are any business-related expenses that you can reduce. If you use a payment system, you might want to take a look at PAAY EMV 3DS to see if that can help you save any money on your business expenses.

I personally love travelling and all my spare money goes towards booking my next set of flights. Use these three simple tips to be able to save a little more and to get away on your dream trip a little sooner.

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