HOW TO BUDGET FOR YOUR VACATION

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hot to budget for your vacationThis post contains affiliate links. See my Private Policy | Disclosure Page for more information.

 

Everyone looks forward to their vacation time! It’s important to be able to escape your everyday routines and enjoy your time away. But what’s my #1 Stressor when it comes to vacations? Finances! Here are some tips to make your vacation a little less stressful and how to budget for your vacation!

 

1. First off – BUDGET.


I’m a huge fan of budgeting for EVERYTHING! If you want to be smart about your finances (even while you’re on vacation) you need a budget! It’s easier on your wallet if you’ve spent time saving up for your vacations a little each month. Even if you put $50 a month into a savings account – you’ll be glad it’s there when you need it!

 

See how I budget with my Envelope Budgeting System.

 

2. Next, PLAN


When you plan the details of your vacation beforehand you can know how much money you will need each day of your trip. Give yourself a daily allowance and stick with it!

 

If you fail to plan, then you plan to fail.

 

  • Look up restaurants near your destination and check out their menus – that way you won’t be surprised when the bill comes!

 

  • Plan every stop and every sightseeing outing. Check ticket prices online beforehand…most places even offer discounts when you book tickets early online.

 

  • But put a few extra dollars aside for those impromptu outings as well…let’s face it, you ARE on vacation! Having a little extra ‘just in case’ is nice! You’ll be relieved when realize that you CAN live it up a little!

 

Do you want to see what type of vacations you can plan on a budget? Click HERE to put in your ideal travel and budget information and World Of Magic Travel will send you an estimated quote on how much your trip will cost! It’s a really neat tool to help you plan your next destination!

Related: How to create a budget and stick with it!

 

Wicked Offer WDW

 

3. CUT SPENDING


If you want to save up for your vacations, it’s best to start cutting your everyday spending. This could be as simple as making your own coffee from home, meal planning to cut your grocery bill, or not eating out for a few months to put that money into your vacation fund.

 

See How easy it is to Save $1000 Pain Free!

 

Keep it Fun! Every time you save money, put that amount into a jar and watch it grow! See how much you can save each week and how fast you can fill it up! But don’t touch it! You’ve already budgeted for your NEEDS (step #1). Save that money for your vacation so you can fulfill those WANTS later! You will appreciate the delayed gratification once you’re on your vacation and you don’t have to pinch pennies!

 

4. RESEARCH EARLY AND OFTEN


Research different companies offering package deals that can save you money when you book flights and hotel rooms together. Check and see when companies will be offering cashback rebates or having special deals and take advantage of them!

 

5. ASK


Always ask your hotel if they can provide you with special ticket prices to nearby attractions or discounts at local restaurants.

 

See what kind of deals you can make! Check out How to Make a Deal: What I learned in China!

 

6. IF POSSIBLE, PLAN AN OFF-SEASON VACATION


Sure, we all love summer vacations, but you can usually find the BEST deals if you travel off-season. It might be fun to take a trip over Christmas Break – it will cost less…. plus, you can avoid seeing your in-laws!

 

Extra Travel Tips:

Did you know that flights are can up to $100 less when you book them the last few weeks of August?

 

Fly away our Roundtrip Airfare Sale and get Flat $15* off on flights. Use Coupon Code

 

Cruise lines are also less expensive when you book your cruise between fall and spring. Wouldn’t it be nice to get away from the cold for a week with a Mediterranean cruise? Sounds nice, right!?!

 

 

7. SOUVENIRS


It’s always nice to bring home some sort of ‘memento’ from your trip. But do you really need another trinket that just lays around the house? Never underestimate the power of pictures! Pictures make great memory books and can generally be made pretty cheap.

 

Choose what you want to look for beforehand. My husband and I try to get either a shot glass or a coffee mug from our destination. They’re cheap, practical, and I get to reminisce on our vacation every time I drink from one!

Magnets also make great gifts!

 

Never underestimate FREE gifts! You can always bring home the sand from the beach or dirt from the Rocky Mountains!

 

Grab a bargain Summer Fares to top cities nationwide. Get $15 off with promo code DEAL15. Book Now!

If you want to know some other Travel Stressors and how to avoid them, click HERE.

I hope this list gives you a good idea of how to budget and plan for your next vacation! What’s your next destination? Let me know if the comments below!

 

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6 Comments to HOW TO BUDGET FOR YOUR VACATION

  1. jessie palaypay says:

    Thanks for the great vacation tips. I feel like I am going to need one after all the anxiety I am going through trying to make my business work. I always heard that you should have a lot of cash on hand during a vacation, is there a set amount I should take with me like $1000?

    Jessie

    • Kayla says:

      Hey Jessie!

      Vacations are great – and I agree that we all need them, especially when you’re working so hard at growing your business. Sometimes it’s hard to unplug from everyday life. But as I’m sure you know, it’s necessary for our sanity! 🙂

      As far as how much cash you should have on hand, this is where your budget and planning really come into play! If you already have a set amount each day for each activity and dining, then you won’t need much to spare. This is also going to depend on if you’re traveling in or out of the country and if you’re traveling solo or with family.

      Personally, when I travel, I don’t like to have a lot of cash on hand – it’s easier for it get stolen that way. I like using pre-paid credit cards of different amounts – that way even my bank numbers stay safe!

      But, if you’ve planned and budgeted, then $1000 should be plenty for most trips. If you want to see tips and tricks on how to save $1000 Pain Free, check out THIS post!

  2. Tom says:

    Very good post. I always find it frustrating dealing with tourists when they come to Barbados (my home) and they act confused at the prices and clueless. I think to myself why did you come here if you didn’t know the prices? You have to do some research when planning a trip. Again, good post.

    • Kayla says:

      Thanks for the encouragement! I appreciate your inside and feedback. I am a planner by nature! I budget for everything because I want to know exactly where my money goes and how I can keep more of it in my wallet!

      When I plan a trip to Barbados, I’m looking you up so you can tell me where to go and how much money I’m realistically looking at!

  3. Hailey says:

    Hi there

    These are some great tips!
    We are going on a cruise in October and I think the ultimate budgeting tip is planning!
    I have looked and pre booked and paid for all our tours And off the boat experiences so we only have to sit back and enjoy ourselves rather then keep an eye on our cash!
    Cruises are great holidays because your fare not only covers your accommodation but your food!
    Thanks for the great article
    Regards
    Hailey

    • Kayla says:

      Hey Hailey!

      Thanks for your comment! Yes, Cruises are great! My husband and I went on one for our 5th Wedding Anniversary and it was absolutely wonderful!

      I am the type of person who needs to plan everything out, so planning, budgeting, and preparing ahead of time certainty makes it easier to relax and enjoy your vacation! 

      I hope you all have a great time on your trip!

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