One Of The Easiest Ways To Save Money

I want to go on vacation at the end of the year but what with all these stories and reports about the current financial crisis that is occurring, it seems like a good idea to forgo this pleasure.  However I have found a way to make sure I can afford to take my vacation without having to worry about where the money is going to come from.  This method is so simple that anyone can do it.  All you need to do is decide on how much money you want to invest in your holiday and have a fixed date in mind for your departure.

The Easy Way To Pay For Your Vacation

The best way I have found to ensure that I have the money for my vacation is by setting up an automated payment system into a higher interest savings account. This is so simple and straightforward but I had never thought to do this before.

If the money is being paid from your regular day to day account then you do not have to think about it at all. Now the reason you need to know how much your vacation will cost and when you plan to go is so that you can take that sum and divide it by the number of days you have until you wish to go away. I suggest that you make a daily deposit into your higher interest account so that psychologically you can feel that the amount of money is really next to nothing. If you are very budget conscious and your holiday isn’t too expensive you could find that the daily amount of money that you have automatically set to be deposited into your higher interest account could amount to the cost of your daily doughnut, daily cup of cappuccino or daily muffin – Whatever you usually buy on your way to work.

If you do internet banking you can set up your automatic payment scheme yourself and in no time at all you could be jetting off to the fantastic holiday destination of your choice and enjoying the fruits of your savings.

So what are you waiting for? This has got to be one of the easiest ways to save money ever. So get saving today.

Happy holidays.

Comments 5 comments

Jmell profile image

Jmell 7 years ago from El Paso, Texas, USA

This idea works for any vacation - even those little mini vacations too!


cashmere profile image

cashmere 7 years ago from India

That is a good tip. I usually start a reccurring deposit in an other bank. It also helps save specified sums of money


Sally's Trove profile image

Sally's Trove 7 years ago from Southeastern Pennsylvania

As FP said, and I agree...little drops make an ocean.

Christmas Clubs used to be very popular in my part of the US. They weren't too different from what you describe. Basically, you'd open up an interest-bearing Christmas Club Account at your local bank, make a small deposit to it of your choice every week (based on the amount of money you wanted by Christmas time), and then, voila, plenty of money to spend for Christmas gift giving. Not only wasn't it painful to do, it was also fun...you got the equivalent of a Christmas sticker in your bank book every time you made a deposit. Kind of oddly addictive.

Nice second Hub...keep them coming.


Tiptopcat profile image

Tiptopcat 7 years ago from London, UK Author

The holiday fund is growing slowly but surely - thank you for stopping by.


Feline Prophet profile image

Feline Prophet 7 years ago from India

Little drops make an ocean, right? Hope you have a wonderful vacation! :)

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