Must-Know Ways to Strike a Balance Between Saving and Having Fun

Summer’s here! Again, it’s time to bring out those skimpy, vibrant-looking swimwear and book a trip to the classic destinations for beach bums – Boracay, El Nido, Subic and Siargao. But before you start splurging on your accommodation and travel packages, please do take time to consider your expenses.  Otherwise, you’ll end up being a one day millionaire left with just a little less than enough money to get by until the next salary. Besides, it’s wise to prioritize saving money than trying to look wealthy. To strike a balance between having fun and saving, here are the best personal financial management tips to employ:

 

 How to save on your trips?

1. Set a budget. Decide how much you’re willing to shell out several months prior to the trip. Then, bulk up your travel budget. Consider that vacation a treat you give yourself for successfully saving up enough cash to cover its cost.
2. Plan and strategize your vacation time. A couple of weeks before and after the peak season proves to be more cost-efficient and convenient for many pro globetrotters. Hotels and other travel service providers usually take advantage of their peak season by charging hidden fees.
3. Book your tickets and accommodation in advance. Subscribe to the newsletters of different airline or shipping companies and watch out for promos.
4. Before buying items for seasonal use, think first if you can borrow from someone else. If you only use SCUBA gears, ropes and tents during summer outings, better borrow these gears from friends.
5. Consider buying pre-loved items.
6. Go the less trodden path. The Philippines has a plethora of low-cost travel destinations, which you can visit without spending too much.

 

 How to cut down your daily expenses?

1. Buy in bulk. There’s a cost difference soaps, toothpaste, bathroom tissue and other home necessities differ bought in bulk or per piece.
2. Cut back on your expenses for signature goods and services. Make your own coffee or better yet, just settle down with water, which is cheaper and healthier.
3. Take advantage of freebies. When shopping for home necessities, it might help to go for generic products with freebies.
4. Make your own meals. Reserve eating out on special occasions and payday treats, instead of doing it when you feel like it.
5. Recycle and reuse.
6. Clean as you go. This will help you avoid spending on home cleaning services.
7. Get into the habit of low-cost hobby therapy, instead of retail therapy. Reading a book, knitting and other low-cost hobbies are better ways to spend the weekends to unwind, instead of buying the latest gadget and fad outfit.

If all else fails, Loansolutions PH is here to help!

If all else fails and you’ve already done the “one-day-millionaire” act before come across this post, just make sure to find a reliable loan solution provider to help you recover from your expenses. Loansolutions PH is here to help you find a suitable financing provider, especially if you’re looking for a personal loan, quick cash loan or payday loan.