How to Save Money for Vacation in 3 Months (23+ Money Saving Tips)

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Are you trying to figure out the best way to save money for vacation in 3 months?

The cost of living continues to increase and with that, it makes leisure activities more expensive as well.

Taking a simple vacation can begin to cost hundreds of dollars (sometimes thousands) after you factor in hotel costs, travel expenses and eating.

If you are on a tight budget and are looking to find ways to save, then look no further.

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3 Best Ways To Save Money for Vacation

In this article, I’ll cover a few ways you can effectively save for your next vacation. While it may seem intimidating, planning and saving for a vacation can take the stress away.

1. Create Your Vacation Budget

The first thing on your to-do-list should be to adjust your budget.

When you create your budget, you tell your money where to go and by adjusting your budget, you direct your money to save for vacation.

Planning to save money for vacation with woman writing in red journal.

Typically you’ll know a few months or more in advance that you’ll be going on vacation, which gives you enough time to adjust and save.

If you are putting more money towards debt, this would be a good time to assign a few dollars to the vacation fund because you do not want to go into debt to travel.

While you may slow your debt elimination process, it’s better than going further into debt.

Grab your Debt Free Planning Workbook here!

2. Use the Sinking Fund

Another popular way to begin saving for a vacation is to use a sinking fund.

A sinking fund is a small stash you begin putting cash towards. In this case, you would have a sinking fund for your vacation.

Use a sinking fund to help save money for vacation in 3 months with Female Texting on Phone

Utilizing this method gives you a line item in your budget, but there isn’t a dedicated amount that must be contributed per month.

For example, one month you may only save $20, but the next you are able to save $100. As the money slowly adds up, you can accumulate money for your next adventure.

Some individuals choose to keep their vacation cash at home. However, a greater benefit to you may be opening up a high interest savings account to let your money grow slightly.

Remember, this is for a vacation so do not risk it by investing in the market.

Remember: Keep track of your expenses and income on a spreadsheet or bookkeeping program such as FreshBooks.

Take the 3 Month Savings Challenge!

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3. Travel Off Season to Save Money

Lastly, if you are looking to save money for vacation, look to travel during the off-season or non-peak times.

For example, if you go to Colorado in the winter, it will likely cost more than if you go in the middle of ski season. Unless your goal is to visit one of these locations during the prime season, then you can save money by going out of season.

Also, places like Walt Disney World should be booked in the slow seasons to help with cost-savings and your time!

Get started today and GRAB your Savings Workbook!

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15 Additional Tips to Save for Your Vacation in 3 Months

  1. Set your travel budget right away
  2. Open up a bank account that’s only dedicated to saving for your vacation
  3. Get travel alerts for deals (flight, hotel, vacation package deals)
  4. Set up an automatic transfer to your vacation savings bank account (do weekly or bi-weekly transfers)
  5. Take a break from buying coffee (instead make your own coffee at home)
  6. Keep your monthly food budget in check
  7. Become a meal planning pro
  8. Find gym alternatives to save money (work out from home or ask for deals at your current gym)
  9. Eat out less
  10. Get a part-time job
  11. Take on a side-hustle (babysit, start a blog, do ride sharing, freelance, shop for people with Instacart)
  12. Start selling stuff you don’t use anymore on Craigslist, Ebay, Facebook or with a yard-sale
  13. Download a savings app
  14. Rent out a room in your home
  15. Visualize your trip by making a vision board (you can do this by cutting out images from a magazine or by creating a travel board on Pinterest)

Pro Tip: The best way to get a cheap flight ticket to your destination is to book your tickets within 3 months before your departure date.

More areas you may find savings include:

  • Hotel and lodging
  • Airfare (if you’re traveling by plane)
  • The different tourist attractions around your location

If you know you want to travel to your location a year in advance, you will save so much on your dream vacation!

Other Saving Tips to Consider

  • Pick up a second job for the short term
  • Add additional cash flow to your budget (always an effective way to boost vacation savings)
  • Stick to one online streaming service or cut them out all together (Netflix, Hulu, Disney+, etc.)
  • Stay motivated while saving
  • Use apps such as Airbnb: this allows you to stay in someone’s home that they set up to accommodate guests
  • Get travel insurance to protect your trip
  • Take advantage of reward points by websites such as (where you get the 10th hotel visit for FREE)

Get Started with Planning Your Dream Florida Vacation here!

Final Thoughts

Saving for vacation doesn’t have to be difficult.

First, you need to ensure you have your budget ready for the upcoming trip.

Begin allocating money to it as soon as possible, lessening the monthly cash flow burden as time progresses. Take those funds and add them to a sinking fund especially made for vacation.

Lastly, look to travel during the off season of your destination, as it can save you a fortune after all is said and done.

Travel Insurance with Travel Guard

I hope this breakdown helps you discover some additional money to save quickly. Let me know which savings idea is your favorite in the comment section below.

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Until the next money adventure, take care!

Until the next money adventure, take care from The Handy Tax Guy Team!

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(Original article date: March 11, 2019/Updated October 8, 2021)

Nikida Metellus

Nikida Metellus is a financial freedom advocate, author, and the reimagined voice behind, now focused on helping you achieve a debt-free life and financial success. Based in Orlando, Florida, she combines her love for theme parks with actionable financial strategies, offering a unique perspective on balancing fun and finances. As the author of Complete Tax Planning Guide, she has now expanded her expertise to guide you on the road to financial freedom. Co-founder of Bramework and a coffee enthusiast at heart, Nikida is committed to empowering you with practical tips and insights to manage your money wisely. When she's not blogging or exploring Florida's attractions, she enjoys quality time with her husband and two daughters. Welcome to your journey toward a financially free life!