There are many difficulties when it comes to affording a holiday in the current economic climate. Firstly, we all know that the numbers of jobs is down and further more we know that the jobs that are still around aren’t as well paid as they once where unless you are a banker or a footballer. However there are methods to undertake to save a little money over the course of time which will result in having saved up enough money in order to go on holiday with your family.
However, in a time when more and more people are complaining that they cannot afford a holiday, how can we do this?
Start by making sure that you know what is going in and out of your account on a monthly basis, in this way you can start a plan to increase what comes in and reduce the expenses just to the vital elements. Start by making sure that you don’t have any standing orders for products or services set up that you no longer have or need. Next you are going to want to save on petrol or whatever means of travel to work you have. If you carpool with a colleague you won’t have to spend on bus or train fares, on the other hand if you have to drive to work, why not take it in turns with some of your colleagues who also have to drive.
Next you might want to stop spending money on the senseless things that you buy each day just because it is easier. There is a variety of examples where you can do this. For example why not make pack lunches at home and then take them at work so that you don’t have to spend any money when the sandwich lady comes. This can be done the same with coffees, take your own to work in a thermos so that you don’t have to buy one on your way to work every morning.
When shopping for your house holds goods you might want to consider buying supermarket brand to save on those expensive name brands. This is a great example where lots of little of savings can add up really quickly. If you do this across a whole weeks worth of shopping you can easily spend 15-30% on what you would normally spend.
This post was written by Kevin Donovan from www.financialupdate.org.uk where he often writes about all the latest financial issues that affect our day to day lives.