image courtesy of Stephanie Chapman

If you would like to have a summer holiday this year, then now is the right time to start thinking about it. You have probably noticed the advertisements on the television for holidays have already started. This is because everyone starts feeling like going away through the winter. They feel like they want a break from the cold and wet weather and would like a rest as well. It may feel like it is just a long way off though. However, you can use them as motivation to make a start on saving towards them.

It is worth thinking about when you would like to go and then you will have a goal to focus your savings. Also consider how much you think the holiday will cost and you will then be able to calculate how much you will need to save in total, each month and each week. This will help you to be able to focus.

It may be that you will be able to put that money aside each month and just go without a few luxuries to allow for it or you may even save that much money each month anyway. However, for many people, saving for a holiday means that they will need to make some changes in order to afford to save.

If this is the case then it is worth considering whether there are any things that you can cut down on. There may be things which you would be prepared to give up in order to have a holiday. Think about magazine subscriptions, coffee shop drinks and food, take aways, nights out, new clothing, shoes and accessories, buying lunch instead of homemade, bottles of wine, luxury toiletries and things like that. Anything which is not completely necessary you may be happy to cut out or cut down on in order to have some extra money to save up towards a holiday.

Sometimes there are easy things to cut out but if you are already on a tight budget, it can be more difficult to free up money to put towards a holiday. In this case it is worth looking to see whether you can reduce your spending on more necessary items. You may be able to change suppliers for your utilities, shop at a cheaper supermarket or buy cheaper brands in order to save money.

It may be worth also thinking of ways that you could earn more money. This will enable you to put more aside without having to cut down your spending. You may be able to pick up some more hours work in the job you do, take on a second job, start a business, sell things or other ways to generate some more money. You could even rent a room in your home, hire out your garage or driveway or start using your car to provide a taxi service.

There are many options out there, it is just a case of finding the opportunity which will suit you and your lifestyle the best.