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Budget Vacation Hacks

Budget Vacation Hacks

Here are a few hacks and tips for getting yourself ready for vacations. Some deal with money. Others deal with planning. They all hopefully add up to ways you might get more fun and comfort out of your next vacation:

  • Save Change and Coffee Money– Make it a project to raise jars of money for vacations. One trick is to always pocket your change from purchases and only buy using bills. That way, the coins add up. Put these in a savings jar at home. Have your family contribute, too. Also, consider buying a jar of instant coffee or brewing coffee at home for one or two days a week. Throw the $3 or so you save (and count the bagel or muffin you normally get) into the jar.
  • Yard Sale Money– While we’re saving, I mentioned clearing out your house a few posts ago. Try having a Yard Sale for some of your stuff, and using eBay for the better items. Get the whole family in on the gig. Throw that money into the jars, too.
  • Cut Back and Invest– Last one about saving money, but consider cutting back on the services and niceties you pay for, and putting the exact amount into the jars. Swap your $100 dinner out for a deli sandwich, your deli sandwich for something at home. Go oldschool college and eat ramen noodles or mac and cheese, banking the savings. These will add up fast.
  • Pick an Inexpensive Destination– Our reasons for vacationing are personal and unique. Some folks crave adventure. Others like to reconnect with the family. Most of us want to relax. Whatever your mindset, closely examine what you really want, and determine what are the “must have” things to make that happen. For instance, if you want to reconnect to the family, why not a short distance drive to a tenting site for a camp vacation? If you want adventure, consider choosing human-powered events like bicycling trips or kayaking over powered adventures like motorcycles and power boats (fuel prices being what they are). For relaxation, is it really the scenery that relaxes you? Or is it peace, tranquility, good food, and ease-of-experience? You might find ways to save by doing something closer to home.
  • Alternative Accomodations– I mentioned tent camping. There are other alternative ways to cut costs around the part of the vacation where people usually overspend: a place to sleep. When you consider the overall goals of your holiday, do you want the best possible bed in the brightest, most updated hotel in the area? Or do you want to experience as much of your destination as possible? Look for bed and breakfast lodging, budget motels (travel like a rock band), friends to visit along the way, and any other way you can minimize the actual cost of a place to rest your weary head. Pocket the money you save for that hiking tour of the seaside.
  • Share a Vacation– Coordinated travel can be okay, or it can be a pain. If you’re up for dealing with other people’s quirks, consider sharing the expenses on a vacation with another couple or family. You can then take advange in some areas, like sharing a house instead of hotel rooms, splitting grocery money to cut down on eating out. Oh, that’s one.
  • Stock up on Food– One cost inflater on vacations is food. You might be out somewhere in a tourist area and just have a little rumbly in your tumbly, and a quick stop into a local eatery later, you’ve spent $70 for the four or five of you. Keep energy bars, cereal bars, dried fruits, apples, nuts or trail mix, bottled water, and other portable, not-entirely-perishable items in your backpack for when you need just a little something between meals. This also helps with your diet needs (as food in such areas is often high fat, high calorie) as well as your budget.
  • Plan Experiences not Activities– One thing that happens on vacations is we get a “collector’s mentality.” We decide to hit “all the” ______. In Orlando, Florida in the US, you hit all the Disney Parks, Universal, Sea World, Busch Gardens, etc. Why? Because you won’t be back for a while and you have to hit them all, right? Not really true. Really consider your needs and wants for a vacation, and plan experiences to match. Do you love rock climbing? Plan a day with some smaller challenges, and then a really landmark challenge on another day. Make some time for getting together with local climbers for a dinner. This kind of experience-based planning helps you save cash and time and instead focus on the quality of what you’re trying to accomplish with your vacation.

There are many parts of our life where we roll along without much questioning why, how, and what we’re doing, and vacations seems to be a perfect target. Often, we go on vacations because we have to, because we hear about a friend’s enjoyable time somewhere, or because we’re just beat and need the change of scenery. In all parts of life, staying mindful to the actual intent of what we’re doing makes a big difference in how we do it.

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What else? How can YOU add to these tips and hacks?

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–Chris Brogan hasn’t yet scheduled a vacation for the next several months. When he does, it will be spent creating content for GrasshopperFactory , as well as writing on [chrisbrogan.com] . Right now, he’s hard at work with Episode 2 of the Life Hack Podcast.

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Last Updated on June 2, 2020

How Setting Personal Goals Makes You a Greater Achiever

How Setting Personal Goals Makes You a Greater Achiever

Achieving personal goals deserves a huge amount of celebration but setting these goals in the first place is a massive achievement in itself.

While the big goals serve as a destination, the journey is probably the most important part of the process. It reflects your progress, your growth and your ability take control and steer your life towards positive change.

Whatever your goal is, whether it’s losing 20lbs or learning a new language, there will always be a set amount of steps you need to take in order to achieve it. Once you’ve set your sights on your goal, the next stage is to take an assertive path towards how you will get there.

The aim of this article is to guide you through how to take action towards your personal goals in a way that will help you achieve them strategically and successfully.

1. Get Very Specific

When it comes to setting your personal goals, honing in on its specifics is crucial for success.

It’s common to have a broad idea of where you want to go or what you want to achieve, but this can sabotage your efforts in the long run.

Get clear on what you want your goal to look like so you can create solid steps towards it.

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Say you have a vision on retiring early. This goal feels good to you and you can envision filling your days of work-free life with worldly adventures and time with loved ones.

If retiring early is a serious personal goal for you, you will need to insert a timeframe. So your goal has changed from “I’d like to someday retire early and travel the world” to “I’m going to retire by 50 and travel the world”.

It may not seem significant, but creating this tweak in your goal by specifying a definite time, will help create and structure the steps needed to achieve it in a more purposeful way.

2. Identify the Preparation You Need to Achieve Your Goal

It’s easy to set a goal and excitedly, yet aimlessly move towards it. But this way of going about achieving goals will only leave you eventually lost and feeling like you’ll never achieve it.

You have to really think about what you need to do in order to make this goal possible. It’s all very well wanting it to happen, but if you just sit back and hope you’ll get there one day will result in disappointment.

Self-managing your goals is a crucial step in the process. This involves taking control of your goal, owning it and making sure you are in a great position to make it happen.

In the early retirement example, this would mean you will need to think about your financial situation.

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What will your finances ideally need to look like if you were to retire early and travel the world? How much money will you need to put into your retirement fund to retire at 50? How much extra savings will you need to support your travels? You could also start researching the places you’d like to travel to and how long you’d like to travel for.

Outlining these factors will, not only make your goal seem more tangible, but also create a mind shift to one of forward motion. Seeing the steps more clearly will help you make a more useful plan of action and seeing your goal as a reality.

3. Breakdown Each Step into More Manageable Goals

The secret to achieving your goals is to create smaller goals within each step and take action. Remember, you’re looking for progress, no matter how small it may seem.

These small steps build up and get you to the top. By doing this, you also make the whole process much less daunting and overwhelming.

In the early retirement scenario, there are several smaller goals you could implement here:

  • Decide to make an appointment with a financial advisor asking what financial options would be available to you if you were to go into early retirement and travel. Get advice on how much you would need to top up your funds in order to reach your goal on time.
  • Set up and start to make payments into the retirement fund.
  • Research savings accounts with good rates of interest and commit to depositing a certain amount each month.
  • Make sure you meet with your financial advisor each year to make sure your retirement plan remains the best one for you. Research new savings accounts to move your money into to reap the best returns in interest rates.
  • Start investing in travel books, building up a library that covers where you want to go.
  • Think about starting a language course that will help you get the most out of your travel experience.

4. Get Started on the Journey

Creating a goal planner in which you can start writing down your next steps is where the magic happens. This is where the real momentum towards your dream starts!

Create a schedule and start by writing in when you will start the first task and on which day. Commit to completing this small task and feel the joy of crossing it off your list. Do this with every little step until your first mini goal has been reached.

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In the early retirement example, schedule in a meeting with a financial advisor. That’s it. Easy.

As I mentioned before, it may seem such a small step but it’s the momentum that’s the most important element here. Once you cross this off, you can focus on the meeting itself, then once that’s ticked off, you are in a position of starting a profitable retirement fund…and so the momentum continues. You are now on your journey to achieving your dream goal.

5. Create an Annual Review

Taking a step back and reviewing your progress is essential for keeping yourself on the right track. Sometimes you can be moving full steam ahead towards your goal but miss seeing the opportunities to improve a process or even re-evaluate your feelings towards the goal.

Nominate a day each year to sit down and take a look at your progress. Celebrate your achievements and how far you’ve come. But also think about changing any of the remaining steps in light of new circumstances.

Has anything changed? Perhaps you got a promotion at work and you feel you can add more to your monthly savings.

Do you still feel the same about your goal? It’s normal for our desires to change over time and our personal goals need to reflect this.

Perhaps you’d like to take someone new with you on your travels and you need to take this into account regarding timelines. Are there any new steps you want to add as a result?

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Remember, reflection is a useful tool in realigning your goal to any changes and it’s important to keep on the right trajectory towards it.

Strive to Become the Best Goal-Setter You Can Be

Having personal goals gives you purpose and the feeling of becoming a better version of yourself.

But it’s the smaller steps within these big goals that the growth and achievement really lies:

  • Whatever your goal is, make sure you get specific on when you want to achieve it. This helps you focus on the necessary steps much more efficiently.
  • Research the actionable steps required to get to the end result and…
  • Break these down into smaller, manageable goals.
  • Create a daily or weekly schedule for these smaller goals and start the positive momentum.
  • Reflect each year on your goal journey and purpose, readjusting steps according to changes in circumstance or desire.

Keep going and always have the end goal in sight. Remember the ‘why’ behind your goal throughout to keep you motivated and positive.

More About Setting & Achieving Goals

Featured photo credit: Pexels via pexels.com

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