The £10 holiday

I’ve had a bit of a brainwave. I’ve realised that we’re saving up for our holidays all wrong. And that in fact, we could have any holiday we wanted for just £10. So here’s how I’m going to achieve the £10 holiday.

Most people put money aside throughout the year to save for their holiday. For us, our main holiday usually involves camping so we don’t have to save a fortune. This year, we are looking forward to heading to Scotland to visit friends and explore the beautiful countryside.

But for next year’s holiday (2017) we are taking a different approach.

My dad has always told me that the best way to make money is to start with a small amount and buy and sell things, aiming to double your money each time. So, I’m paying for next year’s holiday with £10.

I’ve set a challenge for a few family members and close friends. We are all starting with £10 and we’re going to see who can make the most money with it by the end of 2016. My money will go towards next year’s holiday.

We’re actually going to start by selling something that we know we’ll get at least £20 for so that my husband and I can take £10 each. I’m then going to head to either the charity shops or the internet and buy something for £10.

The aim is to sell that purchase on for £20. And here’s the thing, if I really think carefully about my purchases and manage to double my money each time, it won’t be long before I can afford that holiday. Here’s how it works:

Purchase 1: 

Buy for £10, sell for £20

Purchase 2:

Buy for £20, sell for £40

Purchase 3:

Buy for £40, sell for £80

Purchase 4:

Buy for £80, sell for £160

Purchase 5: 

Buy for £160, sell for £320

Purchase 6:

Buy for £320, sell for £640

Purchase 7: 

Buy for £640, sell for £1280

Purchase 8:

Buy for £1280, sell for £2560

Purchase 9:

Buy for £2560, sell for £5120

Purchase 10: 

Buy for £5120, sell for £10,240

And that will be plenty for a fabulous holiday for us. But of course, if you wanted to keep going with it you could do.

I don’t know what I will buy and sell. It won’t necessarily be one thing at a time, it could be several. I also don’t know that I’ll double the money each time, but that is the aim.

And whilst it’s all a bit of a gamble, I can’t lose anything because the initial outlay will come from getting rid of something that is currently cluttering up the cupboard under my stairs.

So, where will we go on our big holiday? I don’t know. I think if I get my way, we’ll buy a camper van and travel around Europe for the six week summer holiday.

 

The £10 Holiday

How do you save for your holidays, would you be tempted to try this method? Please let me know if you do!

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13 Comments

  1. Tanya
    January 16, 2016 / 2:48 pm

    Such a great idea reminds me of the red paper clip into a house story.

  2. January 16, 2016 / 7:54 pm

    Good luck with it. As you get more into it, you’ll come to know what sells best and what doesn’t. Are you doing it through Ebay? I love Ebay but postage costs really kill it now.

  3. January 16, 2016 / 10:20 pm

    Sounds like a brilliant plan! I also recommend going to car boot sales. You can pick stuff up for pence.

  4. January 17, 2016 / 6:01 am

    This is a brilliant idea. I may have to give it a try myself as could do with the extra money. I hope you’ll be documenting this I can see how it goes?
    Kizzy recently posted…#MySundayPhoto – FrostMy Profile

  5. January 17, 2016 / 8:07 am

    I love this idea, I really hope it works out for you, I’m so tempted but I’m rubbish at selling things so don’t think I’d do very well. I can’t wait to see how you get on. Good luck! Xx
    Leandra recently posted…|FOOD|frugal family meals – spaghetti & meatballsMy Profile

  6. January 17, 2016 / 9:06 pm

    What a great idea! I know my eldest would do this as he’s always looking for clever ways to make money. I don’t think I’d have the balls for it myself though.
    Sarah MumofThree World recently posted…Silent Sunday 17.1.16My Profile

    • monsterid January 28, 2016 / 12:46 am

      Thank you Stevie, I haven’t bought or sold a thing yet, I desperately need to get on with it!x

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