Having Enough Money to go on Vacation

Vacations are a wonderful time where you can relax and forget about the world. Whether it’s sitting on a beach or hitting the slopes, the primary goal of a vacation is to take some time to enjoy life. Unfortunately, people take vacations on shoestring budgets and when the slightest financial obstacle arises, the whole vacation gets derailed.

This is where properly saving for vacation comes into play! Now, it’s simple to say that you’re going to save for vacation, but without a plan you could be going in blind. Without a plan, you leave yourself open to shortfalls and never reaching the goal of having enough for a vacation. While everyone operates differently, it’s up to you to identify an effective methodology and begin saving. Luckily, this article will help spur your mind and get you on the path to successful saving.

Method 1: Sinking Fund

First up is a generic sinking fund. A sinking fund is simply a separate place where you store money as it becomes available. There’s no certain dollar amount, rather it gives you a place to store your money and not spend it.

Sinking funds can be as simple as putting cash under your mattress and as complex as creating a whole separate savings account. Regardless of the method, the point is that this fund is always there, allowing you to contribute steadily over time. Even if you have no immediate plans to go on a vacation, you can continue contributing so that when you do want to take a trip, you’ll already have money set aside for such occasions.

Effective ways to save in a sinking fund include cash envelops. You can keep this around the house and when you have $5 or $10 in your pocket, simply slip it in the envelope instead of buying soda pop or fast food.

Method 2: Automatic Savings Deposits

Another method you can implement if you are one that tends to spend are automatic deposits into a savings or checking account. For example, if you know you get paid every other Friday, you can have $50 from each paycheck automatically deposited into your vacation account. This not only moves the money but moves it before you even have a chance to spend it.

You can take it a step further and open an online savings account. These typically generate a higher rate of return from interest, and funds typically take 1-3 days to arrive in your checking account. That means you won’t accidentally spend that money.

Also, there are apps on your phone (such as Acorns)that will round up your purchases and invest your spare change. If you search the list of finance apps, you may find something that fits your financial style perfectly.

Method 3: Have a Garage Sale

If you are looking to aggressively build and simply kickstart your vacation fund, you can look into having a garage sale. I bet you’d be surprised at how much stuff you have around your house that isn’t doing anything. You’ll likely have a garage sale and make a few hundred dollars, depending on the items you have for sale.

This can be a quick way to boost your vacation fund or to begin it. From there, you can look at flipping items from other garage sales or stopping by your local Goodwill store. You may find it enjoyable buying and selling items, leading to a continuous flow of money into your vacation fund.


These are just 3 of many ways in which you can begin saving for a vacation. The goal is to have enough money to cover the costs and then some. Emergencies arise and you don’t have to ruin a perfectly good vacation.

Overall, we believe that you should try to keep saving for a vacation a game. If you have kids, encourage them to compete and try to save the most money. Starting the process for saving towards a vacation should not begin a few months out, rather a continues flow of money into an account that’s set aside for this sole purpose.

If you make the task of saving for a vacation fun, you’re much more likely to succeed in the endeavor.