HOW TO BUDGET A FAMILY VACATION - DESTINATION TIPS ON SAVING YOU MONEY!
INTRODUCTION
The family vacation has been portrayed in many ways. From National Lampoon’s
“Vacation†showing the trials and tribulations of the Griswold family trying to get to
“Wally World†to “The Great Outdoors†with John Candy and his family renting out a
cabin in the woods only to encounter a meddling bear. Family vacations in the media
seem to be one thing going wrong after another.
But in real life, the family vacation is a time to bond together as a family unit and enjoy
new found times of closeness while exploring new adventures and locales. The
memories you can make on these vacations will stay with you for years and give your
children special moments they’ll treasure forever.
You can choose to drive cross country and see the quirky roadside attractions such as the
largest ball of yarn or the corn museum. Some don’t look at this as a true vacation.
After all, being stuck in a car for the majority of the trip can breed some real family
strife!
You could also book a family cruise or fly to Mexico to spend time at a resort, but this
can get pricey, and with all the activities they have for children, some parents fear the
bonding they were looking forward to won’t happen.
For the family on a budget, the notion of a memorable and fun-filled vacation may seem
out of reach. That’s simply not true, however. There are many, many ways you can
have a terrific family vacation while on a budget. You don’t have to sacrifice fun
because of lack of money. There are all kinds of vacations that can be had within almost
every budget.
While traveling is good for the economy and for your soul, it can be hard on your wallet.
In fact, AAA estimates that a family of four should budget at least $244 per day for
meals, lodging and automobile travel costs. And that figure doesn’t include the staple of
family vacations—entertainment. As usual, the best way to keep the costs down is to
plan ahead and make informed decisions.
But how do you start? You start with family input, a survey of your resources, and a
well-thought out plan. We’ll not only show you how to do that easily, but we’ll also
give you all kinds of ideas for family vacations and ways that you can make them affordable and fun!
Always dreamed of going to Disney World? You can! Think the Caribbean is out of
reach? It’s not! We’ve compiled the advice and suggestions from many vacation
experts and added some of our own experiences as well to give you this comprehensive
guide to taking a family vacation on a budget!
We’ll show you different ways to save money on airfare, hotels, transportation, and
eating. We’ll also give you some great specific ideas for family vacations that won’t
break the bank along with some suggestions to help you save money and time in general
while on your family getaway.
Whether it’s a summer trip, spring break jaunt, or wintering in the tropics, you’ll be able
to plan your dream vacation without breaking the bank. You’ll get maximum fun
without sacrificing every penny of your hard earned dollars – and you may even come
back with a little extra to save for that next vacation!
What are you waiting for? Read on!
SAVING FOR YOUR VACATION
There are many effective ways to save for your family vacation. When you spend 40
hours a week slaving at your job, you deserve to have some time to get away from the
rat race, relax, and enjoy your family.
Unless you’re independently wealthy, you’ll need a plan for saving up the money you
need. While this may seem like a simple proposition, some people find it difficult to lay
aside some money each pay period. The key here is discipline.
Open up a separate savings account specifically meant for your vacation money. If your
employer offers direct deposit, you can usually specify a certain amount of money be put
into this account. Some banks will schedule an automatic direct transfer to your savings
account if you don’t have direct deposit or if you are not able to deposit money into two
separate accounts.
Examine the amount of money your family spends weekly or monthly on family
entertainment and fast food restaurants. Then reduce that amount, storing the remainder
away for your trip. So that a pending vacation doesn't become a joy-buster, shop around
for freebie and reduced-cost entertainment options to enjoy during the months before
you depart.
Another good way to save up money is to save your change. When you use cash,
resolve to only use paper money. Then take the change you receive and put it aside at
the end of every day. You’ll be surprised at how quickly it can build up.
One family reported that they kept a “vacation jar†in a convenient place and each
family member would deposit change and the occasional dollar bill into it. When they
emptied the jar and had it counted, they had managed to save $5,000 – enough for them
to enjoy a tropical getaway to Grand Cayman Island!
While you may not have that much in your change jar, emptying it at vacation time can
mean extra spending money or that little boost you need to go on your dream vacation.
Be sure and involve your kids in the saving venture. This is a great time to teach the
valuable lessons of saving and budgeting money.
Look for other ways to add extra cash to the vacation coffer. One family we know
would save aluminum cans and take them into the recycling plant periodically for cash.
Throughout the course of a year, they managed to accumulate an extra $1,000 for their
vacation.
You could have a rummage sale to earn extra vacation cash as well. There are plenty of
opportunities out there to add to your vacation savings. You just need to think outside of
the box and resolve that any extra cash you get will go toward your family vacation.
You need to budget realistically. Vacations need not be expensive. Budget an amount
and stick to it. If you're driving, set a fixed spending amount ($150 per day, for
example). Include all of your expenses, gas, meals, admissions, special activities, etc.
Involve your children in the process. Share with them that conserving money on one
day allows them to go to a water park on another day. Be creative.
THE BEST WAY TO BE CREATIVE IS TO HAVE AN EBOOK ON HAND TELLING YOU HOW STEP-BY-STEP
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