August 25, 2025, 3:20 pm | Read time: 3 minutes
Just back from vacation—and already thinking about the next one? Starting early to set aside money for your next trip not only makes planning more relaxed but also saves cash. A simple savings plan helps establish the budget early—and reap the benefits.
Overview
Get Started: Why Early Saving Makes Sense
After a trip, the account is often empty, but the desire for another getaway quickly returns. The Association of German Banks (BdB) advises starting to save for the next vacation right after returning: Regularly setting money aside may help avoid relying on a loan or expensive overdraft fees later.
The earlier the savings plan is in place, the clearer the available budget for the next trip—and this can help compare offers or book earlier. Early bird discounts, special promotions, and cheap flights are often available only for a short time—being financially prepared allows you to act quickly.
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Calculate Budget: How Much Should Be Saved?
It starts with the question: What will the next vacation likely cost? According to BdB, all relevant items should be included—from accommodation and travel to meals, activities, and expenses on-site. Those who want to use the last trip as a reference can use the total costs from that time as a guideline.
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Determine Monthly Rate and Save Automatically
Once the target amount is set, divide it by the remaining months until the trip. This gives the monthly savings rate. Many payments—such as for flights or hotels—are due well before departure, while others, like restaurant visits or entrance fees, occur during the trip. BdB cites an example of total costs of 2,400 euros and a timeframe of 12 months, resulting in a monthly rate of 200 euros.
It’s best to set up a standing order—for example, to a separate savings account. This is usually free and allows daily access to the saved funds. The advantage: The savings rate is regularly and automatically set aside without constant attention, while maintaining financial flexibility.
More Flexibility Through Long-Term Planning
Saving early not only allows for more targeted booking but also quicker responses to good deals. According to BdB, it generally pays off to plan long-term to take advantage of early bird discounts.
Additionally, the association recommends being open to alternatives when planning a trip. Those who are flexible with timing and opt for travel in May or September often benefit from lower prices than during peak season. Accommodations in peripheral areas or choosing a less frequented airport can also help save on the travel budget.
With material from dpa