How To Save For The Holiday Of A Lifetime

If you’re planning a dream holiday for just you or your family, you’re probably trying to think of ways that you can raise the funds a little quicker and get yourself there a little sooner. Nowadays, there are plenty of ways that you can help boost your savings, that can help you achieve that holiday of a lifetime a little sooner!

Open a stocks and shares ISA

If you think a standard ISA just isn’t going to cut it, why not consider a stocks and shares ISA? A stocks and shares ISA is a great way to grow your savings pot that little bit more, using a robo-advice investment service such as Wealthify. You can invest anywhere up to £20,000 per year but can start your account with as little as a pound – the great thing is that you can top this up or withdraw from it at any time without penalty, so when you’re ready to book your holiday, you can just take what you need back out.

Give up the takeaways

Did you know that the average Brit spends £1,000 per year on takeaways? Just imagine how much better your holiday pot would look with that! The great thing about this is that all you need is more willpower! How many times have you come back from work and decided that you don’t fancy what’s in the fridge or just can’t be bothered to go to the effort of cooking and prepping? Not only do you end up paying for takeaway, but any ingredients you’ve already bought likely also go to waste.

The other benefit of this? Imagine how much healthier you’ll look and feel after a year without takeaways!

Spend an afternoon trawling comparison sites

So many of us are paying too much for our utilities, broadband, phone contracts and insurance, and it’s now easier than ever to find yourself the best deal. Set aside one afternoon, collect up all your bills and start saving! If you can reduce your gas, electricity, phone contract, insurance and broadband by £10 each, that’s another £50 per month in the savings pot, which amounts to £600 a year! Some providers will also give you additional incentives such as vouchers just for switching – just make sure you look out for any setup fees.

Start buying second hand

Many of us enjoy buying ourselves a treat from time-to-time, however, it doesn’t always have to be expensive. By choosing to shop from second-hand and charity shops or via eBay and Amazon, rather than buying from new, you can save yourself a little extra over the course of a year. Books are a great example of this – when you buy a book online do you go for a new or used version? Your answer is likely the new version, but this will only give you the same pleasure as a used version – the difference being that the latter will only cost you’re a few pounds, rather that £15+. Clothes are another good example – nowadays charity shops hold themselves to higher standards than in days gone by, so you can often find something stylish, inexpensive and unique.