Holidays can be really expensive but many people find that they are really beneficial. They can force you to have a break away from your work and give you time to relax and forget about any worries that you have. Being away from home means that it is easier to leave your worries behind and it can also give the opportunity to have a lot of family time. However, most holidays are not cheap. Although they do vary in price, they will always be extra to what you would normally spend on day to day things and so it is worth having a plan in place to help you to afford it.
The best way to afford it is to spread the cost. Start saving up well in advance of booking the holiday and calculate how much you will need to save each month in order to have enough to pay for it. It can be wise to start saving as soon as you return from you last holiday, or if you have not had one in a long time, as soon as possible. Make sure that you put the money aside as soon as you get paid, so that you do not accidently spend it through the month and remember what it is for. This should motivate you to keep saving and not dip into those savings. Remember that the more you save, the more money you will have to put towards a holiday. Do make sure that you allow for all of the holiday costs though, as you will need to pay for food and gifts as well and you may want to buy some new clothes, luggage, toiletries and things before you go.
It can be tempting to borrow money to pay for a holiday. Although this would mean that you could go on one sooner, it will mean that you will be paying for it when you return and even once you have almost forgotten about it. You will also pay far more money doing it this way because you will be paying the interest on the loan as well. If you can find a 0% interest credit card or another interest free way to borrow this can be a lot better, but you need to make sure you pay it off before the interest free period runs out so that you do not get charged.
It is worth making sure that you set a realistic savings target. Make sure that you will still have enough money to manage. It may mean that you will have to wait longer or go on a cheaper holiday, but you will need to decide which works best for you. You may just want one as soon as possible and be prepared for it to be cheaper or you may have an exact idea of what you want to do and where you want to go and therefore you may have to wait longer to get it. Make sure that you compare prices though, as you could save significant amounts of money this way.