Saving for a holiday is the leading reason young women are saving their pennies – 24 per cent, according to a ms money survey.

But without a bit of planning, holidays can end up being a lot of work after the fun has been had. While we may put the pennies away, we often take the plastic temptress with us as well and then pay a high price for it when we come back. Not so relaxing.

We’ve put together some tips for those of you planning a break to help you enjoy the relaxation without the debt at the end…Credit-free holiday tips from ms money:

(1) Work out how much you think you’ll want to spend each day for food and entertainment etc, multiply that by the length of your trip and add it to flights (or other travel costs) and accommodation. That way you’ll have a clear idea of what you’ll spend on your break.

(2) Work out how many pay periods you have to save before you take off. Divide the total cost by the number of pay packets you’ll receive to get the figure you need to put away each pay day.

(3) Tame the Spend Devil by visualising your holiday. Every time you feel like an extra coffee or buying that cute top, think about your trip and what you won’t be able to have if you splurge now. Even if it means finding a picture of your destination and putting it on the wall or in your wallet, do it. You’ll surprise yourself with just how good you feel sacrificing something now in order to enjoy your trip all the more.

(4) Think about getting a Debit Card attached to your account. It’s a handy travel accessory because you can use it just like a credit card, but without incurring debt.

(5) Save your spare change. It never ceases to amaze how much silver and gold coins add up. A dollar here, 20 cents there – over a period you’ll surprise yourself with how much it add ups.

(6) Time to review – do you have enough time to get all (or at least most) of the money you need to really enjoy your break without falling prey to the plastic temptress? If not, what’s the plan?


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