Now you’ve got an idea of how much your trip will cost, it’s time to put a plan in place. Try our savings calculator to see how much you’ll need to save regularly in the lead up to your trip to make sure you reach your goal. For example, to save $2500 for a trip in nine months time, you’ll need to save roughly $280 per month. Here are some tips to help you reach your goal:
1) Create a budget to see how much you can realistically afford to save. If you’re unable to save as much as you need in time, look at how you can cut day-to-day costs with our everyday savings tips and advice or reassess your travel plans.
2) Open a savings account so you can regularly deposit your savings (and any extra when you can). If you already have money saved, you might want to think about a term deposit – you’ll get a fixed rate of return for the nominated term, so you know exactly what your investment's worth.
3) To keep your goal top of mind, try setting a photo of your destination as your phone or computer screensaver, or stick a photo on your fridge.