How to save 40,000 for your next holiday: “Severe money”

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How to save 40000 for your next holiday Severe money

Summer is coming to an end and many are now returning to work or study after a few weeks off. And maybe all the fun of the holiday has left a bigger mark on the bank account than you thought?

Then you shouldn’t bury your head in the sand – rather the opposite. At least if, already now, you want to start looking forward to the next summer holiday.

– Although you may not want to know how expensive it was, it can be a good idea to sum up all the expenses you had during the holiday, says Jens Bromanadvisor at Länsförsäkringar, in a press release and continues:

– When you get a handle on the costs, it will be easier to plan for next year’s holiday.

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Photo: Helena Landstedt/TT

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That’s how much you need to save

Once the review of the expenses is complete, you can start saving, in order to be able to afford the future leave. With this foresight, you can, according to Jens Broman, set aside a little money each month and thus get a sufficient budget together.

– In order to find the savings space for the holiday savings, a total review of the economy may be in order. Review your expenses and try to find things that you can save on. There are often unnecessary expenses that can add up to a hefty sum.

So how much do you need to put aside? Länsförsäkringar has made an approximate calculation of the amount you should save each month, depending on what this summer’s vacation has been like.

Picture: Länsförsäkringar

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5 tips to be able to put money away

To be able to put aside a penny every month gives County insurances five tips:

  • Enter a so-called “buy stop” that extends until the date you receive your next salary. At the same time, you sell items you no longer need or use.
  • Eat lunch boxes at work, rather than buying lunch at a restaurant. When shopping, you should also look out for discounts and offers and plan your purchases based on these.
  • Calculate your media costs, in the form of broadband, subscriptions and subscriptions, and review whether you actually need or use them all.
  • Review your interest rates on both savings and loans and contact your bank if you think you could get a lower loan rate or a higher savings rate.
  • Review your electricity contracts, insurances and similar with the help of price comparisons. However, remember that cheap is not necessarily best when it comes to insurance and you need to read the terms and conditions thoroughly.

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