Stick to pain­less bud­get

Fol­low some sim­ple tips and watch your hol­i­day sav­ings grow

Central and North Burnett Times - - HOME - with Jody Allen Jody Allen is the founder of Stay At Home Mum: stay­ath­ome­mum.com.au

EV­ERY­ONE loves hol­i­days (who doesn’t?), and it is a time where you want to do it nice – you know, nice wine, nice room, good view of the beach, a cou­ple of spa treat­ments – go­ing all out.

But if you don’t have a spare $5K lay­ing around never fear. I’ll show you how to pain­lessly save for that hol­i­day with­out try­ing: ◗ PUT A HOL­I­DAY ON LAY-BY: Yep you can do it. Many of the pop­u­lar travel com­pa­nies will let you pay it off all year. And pro­vided the hol­i­day is paid off at least two weeks out you can book the hol­i­day and start putting some cash down – just like you usu­ally do at Christ­mas or for birth­days. Lay-by is a ter­rific way to save up for any­thing.

◗ PUT THOSE SAV­INGS AWAY: Ev­ery time you save some money (eg you cut the kids hair your­self), put that money into a sep­a­rate ac­count. Your hol­i­day sav­ings ac­count. If you find that hard to do, there are apps that will let you do it eas­ily.

◗ USE APPS THAT ROUND UP YOUR PUR­CHASES: This is truly a pain­less way to save (and this is how I save up for a hol­i­day my­self). Apps such as Acorns link to your bank ac­count, and ev­ery time you make a pur­chase us­ing your ac­count, the app will round up any cents to the near­est dol­lar, and will in­vest that money in the stock mar­ket for you. You can with­draw the money at any time. Find all the de­tails on the Acorns web­site. The best thing is – you can also set the app to take out $7.50 a day in­stead of buy­ing a fancy cof­fee and you can see your sav­ings grow.

◗ TRY THE $5 NOTE CHAL­LENGE: Go to your lo­cal cheap shop and buy a re­ally large money tin (that you can’t open!). Ev­ery sin­gle $5 note that touches your hands must go into that money box. This neat trick has been around for years and years, but it re­ally does work. Then six weeks out from tak­ing your hol­i­day, crack the tin, and only use that money for the hol­i­day.

◗ ONE-GIFT-ONLY CHRIST­MAS: The only prob­lem with hav­ing a hol­i­day at Christ­mas is that you are pay­ing a premium… BUT you do get to avoid crazy fam­ily mem­bers. So in­stead of spend­ing big on the fam­ily, introduce a one-gift-only pol­icy (and none for the grown-ups) – and make the hol­i­day the big Christ­mas gift.

PHOTO: THINKSTOCK

◗ Start sav­ing now for a great hol­i­day later in the year.

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