Ahhh travel... A beautiful experience that comes with a cost. Let's get real, not all of the best things in life are free and while saving up for a big trip may sound challenging, the good news is that there are easy ways for you to save up for vacation.
Below I've compiled some really easy tips on how to realize your dream escapes. Be smart with money, get creative, be determined and you will reach your goal in no time.
Have A Goal
The first step to saving money for travel is to know your budget then work backwards. How much do you need to save monthly to reach your goal?
Open A Travel Fund Savings Account
Opening a bank account dedicated to travel funds makes saving much easier. Put a portion of your earnings, say 20% of any salary or profit you receive into the travel account and make sure you don't spend any of it.
Find Ways To Earn Extra Income
Scout for things you no longer need around the house or closet and host a yard sale. You may also take advantage of online platforms for buying and selling such as ebay and OLX. Do you have other skills or services you can offer in exchange for profit? Perhaps you are good in writing, illustration or photography, find extra work in your area of expertise. All these little things do add up and help you save for your dream vacation.
Get A Mileage Credit Card
If you got to spend, make it work for you! A mileage credit card is great for accumulating points that can be converted to miles which you can use to purchase airline tickets without a cost. This however, requires a lot of self-control. Always keep in mind to use this credit card for spending on things you really need and not want (:
I could not stress enough the importance of investing. Investing in financial markets is an excellent way for you to make your money grow with minimal effort and interest earned is much higher than just keeping your money in a regular savings account. If you are new to investments, you may start with a Unit Investment Trust Fund or UITF which is offered by Security Bank. A UITF is an easy and convenient way for starters to invest in financial markets.
Benefits of investing on UITF with Security Bank:
- Investments and risk are spread across various asset baskets and industry.
- Investors can subscribe and redeem cash on any banking day.
- It's easy. Investors can start investing in in UITFs with just P10,000.
Realize your travel dreams and maximize your earning potential through investments. Learn more about Security Bank's UITF through www.securitybank.com/uitf.