Top tips to start saving for your summer holiday

With three months till summer, it’s time to start saving and we’re here to tell you how.

Spring has sprung, meaning summer is close and flight searches are soaring! Whether you're dreaming of lazy beach days, thrilling adventures, or exploring new cities, now is the perfect time to start saving for your summer holidays.  

Don't let the sun catch you unprepared – follow these tips to ensure your summer getaway is as stress-free as a day at the beach.

1. Set a goal

This is the fun part! Before you dive into saving, it’s time to pick and plan your next summer holiday destination. Dreaming of sipping cocktails on a tropical island, hiking through rugged mountains, or immersing yourself in the culture of a bustling city? Knowing exactly what you're saving for will keep you motivated along the way.

2. Create a budget

Ah, the dreaded B-word! But fear not, budgeting doesn't have to be a joyless exercise in deprivation. Think of it as a roadmap to your dream holiday. Start by tallying up your expected expenses – flights, accommodation, activities, dining out – and then break it down into a monthly savings target.  

Bonus tip! If you put your savings away in an Instant Access Savings account you will earn interest, helping you reach your goals that little bit faster.  

3. Embrace the power of Savings Pots

Saving for multiple goals can feel overwhelming, but with Tandem Savings Pots, you can keep everything neatly organised. A Savings Pot allows you to earmark funds for different purposes – like your summer holiday fund, a rainy-day fund, or that new gadget you've been eyeing. It's like having separate piggy banks, all collecting interest.

4. Get creative with cutting costs

Saving doesn't have to mean sacrificing all of life's little luxuries. Instead of going cold turkey on your daily latte or weekend brunch, look for areas where you can trim expenses without feeling the pinch. Maybe it's dining in instead of eating out, brewing your own coffee at home, or swapping pricey gym memberships for outdoor workouts. Every penny saved is a step closer to your sunny getaway.

5. Automate your savings

Let's face it – life can get busy, and it's easy to forget to put money aside for your holiday fund (especially when the days get lighter, and the beer gardens start calling!). Set up a recurring transfer from your desired bank account to your designated Tandem Savings Account (and then to your desired Savings Pot) on your pay day and watch as your holiday fund grows effortlessly in the background. It's the lazy person's guide to swift savings – and we're here for it!

6. Harness the power of extra income

Whether it's picking up a side hustle like dog sitting, selling unwanted items online (check out Vinted or Depop), or putting your skills to use as a freelance gig, there are countless ways to boost your income and supercharge your savings. Get creative!

7. Stay motivated

Saving for a summer holiday is a marathon, not a sprint. There will be temptations along the way – impromptu nights out, flashy sales, that irresistible dessert menu – but stay focused on your end goal. Remind yourself why you're saving, whether it's the promise of sandy beaches, breath taking sunsets, or unforgettable adventures. Keep your eye on the prize, and before you know it, you'll be soaking up the sun on your well-deserved getaway.


So, what are you waiting for? Start saving for your summer holidays now with the Tandem app and check out our range of products!

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