HOW TO BUDGET FOR YOUR VACATION
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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!
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.
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!
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?
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!?!
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!
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!