With a well-researched travel budget and realistic savings goal, the next smart move is to open a high-yield savings account for the sole purpose of saving for your vacation. Be disciplined and set up automatic transfers (weekly, biweekly or monthly) from your primary bank account. A goal-oriented savings account helps to track your savings, removes the temptation to spend, and keeps you motivated as you make sacrifices and take baby steps towards your dream vacation.
Create a travel jar for coins (they add up fast!) and if you make a sacrifice over and above your savings goals (skipping a spa day to save), add it to your travel savings account and create a splurge fund for the bucket-list items on your vacation itinerary!