When it comes to travel, we never spend money we don’t have. In fact, I personally don’t like spending much money at all what with renovating our first house.
I’ve always been brought up with the understanding money’s “hard earnt, easy spent”, but to my knowledge, money was never tight. (Or at least, that’s what my brother and I were led to believe). But saving up and budgeting is in my blood.
Nevertheless, many of you will probably know we still love a good holiday. Life wouldn’t be much fun if we didn’t treat ourselves every now and then. (Sadly, try telling my parents that). So, I’ve put together a list of all the ways we budget to fund our holidays, other than the obvious shop around for the best deals. And if we’re not working, you can usually find us somewhere in the UK by the beach or on a coastal walk with our Border Collie, Hans.
- Set Up a Monthly Standing Order We have had several standing orders going in to different accounts over the years, like “House Deposit”, “New Camper Van” and our current is “Wedding Fund”. It’s also a good idea to time them just after you get paid too so you know what money you have left and it’s less tempting to spend. These accounts really are our safety net too just in case we need them.
- Have a Clear Out. All year round, I like to sell things we don’t need any more and add it to our funds. In fact, I’m well known to my neighbours for helping them sell their unwanted tumble dryer, clothes etc (and these were things they were going to painfully throw away!) A good tip is to list them on free sites like Gumtree, Preloved and Shpock but leave eBay as a last resort as the fees are forever increasing.
- Go to Charity Shops or Jumble Sales for Holiday Clothes (Or Throughout the Year). Once you get past the idea of wearing second hand clothes, you’re laughing. I used to manage a high end fashion shop and would cringe seeing the profit margins. But now I predominantly shop at jumble sales where I can pick up clothing for around 25-35p. Yes, pence! I often pick things up out of season too and save them for the right occasion, but remember this: it’s not the labels that looks great on you, it’s the colour and style you choose.
- Plan Free Days Out The most fun we have tends to be the free days. There are so many things you can do, such as plan a coastal walk or visit a local tourist attraction. If you’re stuck for ideas, then my most used app for this is Trip Advisor. Firstly, I like to see what’s ranked as the most popular, then see what’s dog friendly and finally consider the price. One thing must be said though; you may not get signal where you’re going, so install it before you go and do a little planning just in case. Another thing we love is our National Trust membership as it includes free parking at many of their venues and nature reserves.
- Save Up Your Twos and Ones. This is my fiancé’s favourite money saving tip as a kid, so we think it’s perfect to get the family involved. Even now he has a big tub and we put in our 1p’s and 2p’s and cash it in when we’re ready. It’s shrapnel that doesn’t look worth much, but he remembers being twelve years old and struggling to decide what to spend his £60 on! The last time we did this was to see how much deposit we could afford towards our first house. Fun times.
And while you’re saving your money, FSCS (Financial Services Compensation Scheme) can protect it while it’s in your savings and current account. It’s completely free and if something happens to your bank, building society or credit union, you’ll automatically get your money back within seven days.
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Disclosure: This video and post is an advertorial commissioned by FSCS. As always, all opinions are honest.