Saving for your next family holiday. Here’s how
The key to any successful event is planning. And when it comes to family holidays, it can make your life a whole lot easier.
Apart from giving you enough time doing what you want to do and being where you want to be, planning will also enable you to save money.
Here are a few guidelines to help you plan your next family holiday:
– Create a budget:
Work on a budget for your family and consider things like spending money, transport and food so you can get a clear idea of how much you’ll need.
– Open an investment or savings account
The different accounts will have different features to meet your specific needs so get an account with options that work for you.
– Set-up a scheduled transfer
With your budget in mind, set-up an automated bank transfer with the amount that you plan to contribute monthly to your family holiday savings pocket.
– Involve the kids
Considering that it’s a family holiday you’re planning, involve the kids in saving towards it.
– Timing is key
If you’re planning on flying to your holiday destination, choose a time that is off-season if you can or buy your tickets well in advance to benefit from discounts.
– Look for the best deals
Compare holiday packages/deals and prices.