A piggy bank goes on a beach vacation.

20 Jun Tips for Saving for Vacation With Your Significant Other

Nowadays, one of the most sought after luxuries by young couples is the ability to travel. Sadly, not enough people realize that they have the power to see nearly anywhere in the world that they desire, if they really put their mind to it. By buckling down and really developing a strategy, it isn’t too difficult for you and your significant other to put away some serious money for your next vacation. Here are some tips for saving for vacation with your significant other…

Carefully budget the vacation

First of all, you need to have a clear idea of how much you plan to spend in the first place. While you can still just save into a general travel fund, it is much better to make some tangible goals by budgeting out a dream vacation that you both would like to have. When you have these goals and can set benchmarks for yourself, it makes saving up money a lot easier.

Coin jar method

People have a tendency to not realize the power that spare change can have in their life. Instead of leaving your spare change around to be wasted in vending machines and lost on the ground, have a dedicated place to put your pocket change at the end of every day, and make a point to pick up any loose change on the ground you spot. This may not seem like a lot, but people who use cash regularly average between $0.75 and $1.00 a day in spare change in their pockets. This adds up to between $20 and $30 a month, which can add up to hundreds of dollars saved every year. If both you and your significant other start putting spare change into a travel fund, that could help save around $700 every year.

Cook your own food

The amount of money that people spend to eat out regularly is staggering. If people opted to cook for themselves at home, they could eat much more satisfying meals, on average, and save thousands of dollars every year. If you and your significant other set aside a few months to have a very minimal eating out budget, and instead opt to put more of your food money towards your travel fund, then you’ll find that this amount climbs really quickly.

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