5 Budgeting Tips to Help Save for Your Next Vacation

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Vacations are fun times. They provide us with a much-needed break, a chance to recharge, and even reconnect with our families. Unfortunately, far too many families find they haven’t properly budged for their vacation. Commonly money finance advises you to put aside money for a vacation; that way it’s paid for in advance, and you don’t have to worry about where the money is coming from upon your return. In most cases, of course, this is something that’s easier said than done. Here are some vacation budgeting tips to keep your vacation from turning into a financial nightmare.

Don’t panic: You don’t really have to stop drinking lattes entirely, but it’s helpful to cut back. Instead, set aside the same amount of money that a latte costs each time you feel like drinking one. Although $4 to $6 does not sound like much, over time, this adds up to  quite a substantial amount. If you can’t afford both the latte and the savings, then you might have to forgo the latte.

Pack Light

Everyone knows that airlines charge more for heavier bags. That’s why people tend to pack light when flying; often they opt to bring only whatever can fit inside a carry-on bag. However, packing light can also save you money when traveling by car, too. Like planes, the heavier the bag, the more gas the car uses. By traveling lighter, you can save yourself some money on gas.

Check For Deals

Not only should you check for deals before your trip, but you should also check for deals once you arrive at your destination. This is particularly true when it comes to capacity-driven items such as San Francisco Giants Tickets, where prices may be cut at the last moment to boost attendance. Many resort areas also have visitors guides filled with coupons and special offers.

Be Aware Of What You’re Spending

It’s easy to go over budget during vacation. This is particularly true if you put everything on a credit card or some other cashless method of payment. However, this is also the easiest way to get into debt.

It’s not necessary to carry around large amounts of cash with you as long as you are aware of what you are spending. Consider putting together a “vacation budget book.”  Balance this book the way you would a checkbook. Then, you never have to worry about being over budget.

Take Advantage Of The Shoulder

Regardless of where you’re going, every travel destination has a shoulder season. A shoulder season comes right before or right after the peak season. The reason for the shoulder season might include a conflict of school or work schedules as well a slight change in the weather. Usually in shoulder seasons, the weather is still nice enough to enjoy the resort area.  In some cases, you can save up to 40% on lodging and be eligible for activity discounts just by going when it’s less busy. As a bonus, fewer places are crowded.

Vacations are a lot of fun, but if you don’t plan for them, they can also put you deep in debt. Fortunately, with a little advanced planning, you don’t’ have to worry about coming home from your vacation in debt.