Saving Up for a Summer Trip

With summer break just around the corner, it's time to start saving up for your dream vacation! Here are a few tips for how to reach your summer budget.

Start Planning Early!

If you get a head start on planning and set for yourself an approximate budget for summer, it will make it a lot easier to reach your spending goals. An effective way to plan ahead, is to estimate the total amount you think you will need and then divide it by the number of months left until your departure. By following this strategy, you break up your budget into realistic monthly goals that you can achieve.

Set Up a Vacations Savings Account

Another effective way to reach your savings goal, is to create a savings account where you can set aside a sum of money to be used only for vacation. By making the money unavailable to spend until summer arrives, you can build up incremental amounts every month. If you own a free 'Rabobank Studentenrekening' you can get a free savings account. On this account you can even choose for the option to automatically transfer your monthly savings goal into your savings account. This way you're sure to reach your summer budget!

Get a Side Job

Another great way to start saving up for summer, is to get a side job and earn some extra money. If you have the time alongside your study, getting a job can be an effective way to increase your budget and traveling possibilities. Make sure to read my blog on how to find a part-time job in the Netherlands if you need some tips!

Suspend Monthly Subscriptions

Although Netflix and Spotify are must-have apps, they do contribute to monthly expenses that add up in the end. While planning for your vacation and trying to reach your monthly spending goals, temporarily suspending your subscriptions can be an effective way to save up a little extra money every month.

Summer, Here I Come!

These are just a few ways to start saving up for summer. The key message is that, if you start early, reaching your budgetary goal is easier than you would expect! Especially if you are going to travel with others, making a plan to save money for a dream trip is super easy. So, what are you waiting for? Create a plan and start saving!