TRAVEL
FUND
FUN
10 Hot Tips for Saving for Your Next Vacay
By Abigail Soren
1 O
PEN A DEDICATED SAVINGS ACCOUNT.
This should be separate from your checking
account or emergency savings fund. Name
it something fun like “Vegas 2017,” so you’ll
want to sock away more spare cash. This
money is specifically for vacation!
2 S
ET UP AN AUTOMATIC DEPOSIT. Start
with a monthly amount that’s doable. This
gets you in the habit of saving. Increase it as
you get closer to your special getaway.
3 T
AKE ADVANTAGE OF YOUR CREDIT
CARD. Review your credit card(s) rewards
program to get discounts on travel and
lodging. If you’re not currently signed
up for rewards, consider signing up after
checking for any annual fees. Remember to
pay off monthly bills to avoid paying more
on interest.
Abigail Soren is a Certified
Financial Planner™ and Senior
Financial Planner at Redwood
Wealth Management,
LLC. She assists clients in
managing and balancing their
investments and financial
goals. In her spare time,
Abigail volunteers for the
Atlanta Humane Society and
enjoys taking her Pomeranian,
Jack, on long walks around
the city. You’ll often find them
on a Starbucks patio enjoying
a good book.
4 G O THROUGH YOUR SUBSCRIPTIONS.
Are you really reading all those magazines
piling up on your coffee table? And do you
need that golden summer glow in the coming
winter months? It’s easy to let automatic
monthly bills slip your mind. Take the five
minutes to cancel what you’re not using –
it’ll save you time and money!
good about cooking, see if you can go a
whole week per month using staples from
your pantry.
7 S
TRETCH YOUR BEAUTY REGIMEN.
Consider pushing your hair appointment
out another week or two or dropping your
usual mani/pedi until you’ve saved up.
(Even, dare I say it, consider tweezing those
unruly brows.)
8 P
RE-GAME OR DRINK ONE FEWER
COCKTAIL WHILE YOU’RE OUT. Let’s be
honest, that’ll save you $10-15 per social
engagement alone. And being the social
butterfly that you are, that adds up!
9 S
IGN UP FOR EMAIL NOTICES ON FLASH
SALES FOR FLIGHTS AND HOTELS. You
really don’t have to pay an arm and a leg to
go on vacation. Websites like secretflying.
com, thepointsguy.com and theflightdeal.
com are chock-full of great deals for just
about anywhere you want to go.
10 V
ISIT DURING THE OFF-SEASON. You’ll
get better rates and won’t have to worry
about the crowds.
BONUS TIPS – ONCE YOU’RE THERE
5 S
AVE ON YOUR WORKOUT. Ditch the
expensive monthly gym membership and
keep your workouts fresh by utilizing
sites like ClassPass or Groupon for your
sweat sessions.
6 E
AT IN MORE. If you eat out a lot, take
a night to make a meal out of what you
already have hidden in the pantry (it’s about
to expire anyway, right?). If you’re already
REVEAL | Fall 2016
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11 G
O TO A LOCAL MARKET OR GROCER.
Stock up on items you know you’ll need
like bottled water, breakfast foods for your
hotel room, and snacks for days designated
to traveling between cities.
12 A
VOID EXPENSIVE TOURIST TRAPS.
Talk to the concierge to find yummy
local favorites.