Booking a holiday can be one of the most exciting events of the year – and it doesn’t have to break the bank.
Whether you’re heading off to exotic climes on a long-haul trip, or you’re taking a package holiday to a destination closer to home, you’ll need to know your finances are in order, so you can have a worry-free time and just enjoy yourself.
Make Money Online
One great option is to make some extra money by either setting up your own online business or working for others online.
You could either create your own blog site to make money from advertising, or you could write articles for blog sites in exchange for cash.
Another great idea is to create an online shop to sell goods that you or others have produced, or you could make items to sell in other people’s shops for a profit.
Sell Unwanted Things
There are lots of websites like musicmagpie, where you can sell your unwanted stuff in exchange for cash. For more info click here.
Just have a look at what you don’t need, login for an online quote and box your things up to mail free in exchange for cash. Just make sure you don’t sell anything you might need for your dream holiday.
Put Money Aside
Now you’ve got extra money coming in, you’ll need to make sure you don’t just spend it straight away. One way to do this is to get a new bank account to put your money in, but make sure you get a decent interest rate.
Historically, interest rates are at an all-time low, which means that the cash you make from putting your money in a bank account could be close to zero or even reduce in real-terms, if the interest rate is below the rate prices increase each year.
Another option is a tax-free savings account, or you could consider fixed rate bonds. Shop around to make sure you find the best deal available.
Pay by Instalments
If you want to book your holiday well in advance to get the best deals, but don’t have the money up-front, you could apply to pay in easy monthly instalments.
This means booking the holiday and laying down an initial deposit to secure the trip. After the deposit, there will be an amount to pay, usually monthly over a fixed period, with the final amount payable just before you go on the trip.
This way can be better than credit card payments, as you won’t be paying off your holiday for months, or possibly even years afterwards – you can enjoy your holiday, knowing you won’t have debt to come back to when you get home.