If you’re like me, you’ve always spent your spring breaks working as much as possible to save for the rest of the semester. You may think going on a vacation over spring break is impossible and unrealistic. With these simple money saving tips, you may be able to go on your dream trip.
1. Create a budget
Creating a budget on Excel or Sheets is easy and crucial to saving. Tracking your income and taking a closer look into exactly where your money is going will allow you to see the maximum amount of money you can save while still maintaining the same lifestyle.
2. Recognize the difference between wants and needs
Do you really need the new iPhone? Or how about that pint of Ben and Jerry’s you crave at 3am? It will be hard, but worth it!
3. Set goals
When setting goals, follow the S.M.A.R.T method. Is it specific, measurable, achievable, realistic, and timely?
4. Have a change jar
A little bit of change every day really adds up. Empty your wallet, couch cushions, jean pockets, or anywhere else that may have change, and put all of your change from daily spending in the jar at the end of the day.
5. Price your dream trip beforehand
Make some calls and do some searching to find exactly where you want to go, for how long, and for how much. That way you can adjust your budget accordingly.
6. The more the merrier
If you’re traveling with a group of people, it may be cheaper for all of you. Splitting the cost of gas, hotels, etc. can make the cost more bearable and the trip even more fun.
Try to pack a lunch every day and not eat at restaurants or the school cafeteria. Shop somewhere like Aldi’s to get your groceries as cheap as possible and get the most bang for your buck.
8. Automatic transfers
You can set up regular deposits or transfers into your savings account so you can save money before spending it.
9. Pick up extra hours
Depending on your course load, you may have some free time to pick up extra shifts or even get overtime. Just make sure you can handle it, as balancing school and work may be difficult.
10. Drive less, walk more
You may be used to driving everywhere, even short distances, because you don’t think about walking. Walk anywhere you can to save on gas money and even burn a few extra calories!