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This article from India Today offers practical advice on how to save money for an overseas trip. It covers various strategies including creating a dedicated travel fund, cutting unnecessary expenses, and leveraging financial tools to make your dream vacation a reality.
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Key insights
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1
Create a Dedicated Travel Fund
Setting up a separate savings account specifically for travel can help you systematically save money over time. This separation ensures that the money is reserved solely for your travel plans.
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2
Cut Unnecessary Expenses
Identifying and eliminating non-essential expenditures, such as dining out or subscription services, can free up additional funds to contribute to your travel savings.
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3
Use Financial Tools
Utilizing tools like fixed deposits, mutual funds, or recurring deposits can potentially grow your savings more effectively than a regular savings account.