Saving MoneyIt’s a great feeling heading out on a well-deserved summer vacation, whether it’s a trip to the beach, a far-away city or anyplace else that your fancy takes you. Going on a vacation is a great way to spend your time, but finding a way to pay for that vacation is rarely as fun and can be downright difficult at times. So if you’re dreaming of a week away but dreading having to pay for it, here are six easy methods that you can use to start building your summer vacation fund today.

  1. Set A Goal & Write It Down. It’s a widely accepted truth that setting goals and committing them to paper makes us much more likely to achieve them. Use that knowledge to your advantage! Figure out how much you need to save to make your dream vacation a reality, then write that number down and hold yourself to it.
  2. Start A Change Jar. Set up a jar or piggy bank and put all of your loose change into it, including everything lying around the house and all the change you’ll get from future purchases. For those who’ve gone paperless, check to see if your bank allows you to round your debit card transactions up the nearest dollar and dump the difference into a savings account. You’ll be surprised how quickly this will add up to something substantial.
  3. Automatic Transfers. It can be much easier to deposit money into your savings account if you don’t actually have to do anything for it to happen. Establish an automatic transfer with your bank so that each payday a portion of your check is transferred directly into your savings account. Once the transfer is set, you don’t have to do anything else besides sit back and watch the savings add up.
  4. Cut Back on Coffee (or Make Your Own). All those Monday morning trips to Dunkin’ Donuts can take a toll on your finances. If you’re feeling really committed, you can cut those coffee trips out of your mornings altogether. Or, if that’s a bit too extreme, simply switch out that expensive designer latte for the more affordable drinks that you can brew at home or in the office.
  5. Try A No-Spend Challenge. Can you go a week without spending anything? How about two weeks? Could you go a whole month while spending only for necessities? There are lots of ways to craft the perfect no-spend challenge for you and no matter how you structure it, there’s no denying that you’ll save big.
  6. Find An Extra Source of Income. Maybe you’ve set up your automatic savings transfer, you’ve forgone your weekday coffee habit and you’ve gone a whole week without spending a dime but you’re still coming up short of your savings goal. What’s a saver to do? Earn some more cash, that’s what! If you’re looking for those final pieces to bring your savings dreams to fruition, try to earn some extra scratch. You can take on an odd job here or there or maybe clean out your closets and sell off some of your excess clutter. The options are endless but soon the journey to your savings goal won’t be.