How to Survive Holidays Without Money
Published: March 23, 2016 | Updated: December 17, 2020 | Posted by: Bea Bongat | Lifestyle
For students, holidays mean zero allowance. For those in the workforce, holidays and vacations increase the temptation to spend. A one-day holiday is perfect to de-stress (read: going to the cinema, eating out, shopping); a three- or four-day long weekend is enough to hit nearby beaches and mountains in Metro Manila. For long vacations, students can accomplish their ‘to-dos and complete bucket lists. The only caveat is their savings decrease at a faster rate because they’re spending without being given an allowance. For those working, holidays and vacation leaves are paid; however, they’re tempted to spend more with the free time.
What can you do to survive the summer season without cash?
Table of Contents
5 Tips on How to Survive Holidays without Money
Earn on the side
Commonly forgotten, but nothing new. Earning on the side will lessen your temptation to spend (read: you’ll have less free time) and you’ll grow your savings at the same time. Finding a summer job or part-time work will also give you an edge through new and refined skills, which you can use to position yourself in the future, whether it’s applying for university or a job.
List down your skills and strengths and search for any job vacancies or freelance opportunities to put your strengths to work. If your part-time gig is dependent on the internet (e.g. virtual assistant, social media manager), invest in a stable broadband connection.
Sell your old stuff
Turn those dusty items into instant cash. You can join bazaars, set up your own garage sales, or post items on online marketplaces to sell things you no longer use. You can sell gadgets, books, clothes, shoes, bags, and accessories just to name a few. You’d be surprised you can actually earn money through this. Alex, a MoneyMax.ph reader, was able to sell her 12-year old piano for Php 15,000, while Kara, another reader, was able to sell her 8-year old desktop computer for Php 10,000.
Set up a small business in your neighborhood
You can bake desserts and sell them to your neighbors; you can walk their dogs, tender their gardens, or even tutor kids. Look for small business opportunities in your neighborhood. If you see a problem (e.g. weedy gardens), there’s no need to look far away or online. Look for opportunities within your neighborhood, take those opportunities, and generate income in the process.
Prioritize your ‘gimmicks’
Long vacations are a great time to reconnect with friends; however, this can put a strain on one’s budget. As you experience every Christmas season, there’s always a get-together every other night of the week with different groups of friends. Some groups, you’ll have dinner more than once with. This is where prioritization comes in. Lessen your frequency of going out. Instead of spending Monday to Friday with only one group of friends, meet different groups for each day of the week. Monday can be dinner with your high school barkada, Wednesday with your college friends, and Friday can be a night out with your sports or extra-curricular club. This way, you’ll see the same quantity of friends but spend less money at the same time.
Read more: Ultimate Guide to Holiday Mall Hours
Make it a family affair
You can talk to your family about going on a vacation. Aside from spending quality time with your folks, you can cut down on your expenses by dividing them. If all of you are working in the family, you can all pitch in. For students, family vacations are definitely a treat since your parents will most likely foot the bill.
Having a fun-filled holiday, be it a long weekend or a month-long holiday, is your choice, but try to look for income-generating opportunities if you don’t have enough savings. This way, you can enjoy your vacation without penny-pinching too much. Use your skills, talents, and capabilities to grow your savings and use the 5 tips above to survive holidays without money.