Traveling with family can be an unforgettable experience, but it often comes with varying costs. While some destinations can be enjoyed on a shoestring budget, others require a substantial bankroll to truly experience their magic. If you’re planning the holiday of a lifetime, you’ll need to figure out how to fund it. Below, we explore practical ways to make your dream trip a reality.
Sell Assets
One way to raise funds is by selling assets you no longer need. At the higher end of this scale, any rental properties you can sell are going to be the biggest source of income. Of course, you won’t have to spend all that money on your vacation – any remaining cash can go into other investments. It is possible to sell a house for free using internet estate agents. They can provide a cash offer that has no hidden fees skimming off your total. All of this can be done in a time frame that suits you, so you could be on the trip quicker than you think.
Even if you don’t have a property empire to sell off, you can still get rid of some assets to raise funds. You will have plenty of items lying around the house that you longer need or use. Post them on online auction sites or have a garage sale. You may be surprised at how much you can make just by having a clearout, and it will all go towards the prize pot.
Start Saving
Selling assets can give your savings a head start, but disciplined saving is essential for reaching your goal. Start by opening up a totally separate savings account, so your funds don’t get mixed in with general everyday spending. This can also be where you place money from the sales of your assets. You then need to set a savings goal. This can be done by allocating time, such as a monthly or quarterly savings amount. Work out the budget and see how much you have after essentials like rent, utilities, and food. Then, commit to saving a percentage of that disposable income consistently.
Earn More Money
If you want to speed up the process, consider findings ways to earn additional income. Deposit any extra earnings directly into your savings account to stay on track.
Start by looking at your main source of income and trying to increase it. Extra shifts or taking on more responsibility at work can help. If this is not an option, then look at side jobs. Consider taking up a day’s work in your time off or running small errands for people.
If you want the holiday and are willing to make sacrifices, it can be done. While possessions come and go, as does money, these memories will be for life. This moment, when your family is at this perfect age and ready to grab the world with both hands, only happens once. Treasure it, and with a full wallet, experience it to the maximum.