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Everybody wants to go on a fun, relaxing vacation every now and then, but it can be hard to save up enough money and get the time off work. While we can’t help you with your work schedule, we can help you find a few ways to pocket some extra money and start building your vacation fund. If you really need a bit of extra money, you might even consider picking up a side hustle to bolster your income. In any case, here are our top tips for saving vacation money.
If you’re trying to cut back on your monthly spending, the first thing you should look at is how much you’re spending on monthly bills and how much you can reduce that number. There are a lot of monthly bills that are set in stone, such as your rent, but you can actually take steps to reduce numerous bills.
For example, there are a number of ways to reduce your auto insurance bill. By bundling your auto insurance with other types of coverage, shopping around and looking for any eligible discounts, or even raising your deductible if it’s currently too low. Simply speak with your Pittsburgh insurance agent to learn more about how you can save.
Other bills you may be able to save on include your power bill, water bill, cable and internet bill, and your cell phone bill.
For some people, employing a simple trick is all it takes to start saving more effectively. It can be difficult to save money when you’re simply spending and putting some aside with no regard for your budget. Instead, you should make a list of all of your expenses compared to your income. You can use this list to make sure you’re staying on track and saving enough.
Many people find the envelope system to be a good method of saving. All you have to do is separate your money into envelopes for various purposes: one for rent, one for groceries, etc. As long as you only use the money from each envelope for its intended purpose, you will have some money left over at the end of the month.
If you’re really having a difficult time-saving money with your income, you might consider trying a side hustle. Now is a better time than ever to find these sorts of gigs, although a traditional second job works as well.
The biggest benefit of having a side hustle is that you don’t have to dedicate too much time to it. If you want to drive for Lyft, for example, you get to choose your hours to make as much money as you need. If you were particularly busy at work this month so you made enough money and didn’t have time for your side hustle, you aren’t obligated to do it.
If saving money were easy, everybody would do it. However, as long as you follow these tips and make a conscious effort to budget and save, you can make your next dream vacation come true.