A vacation is a chance to unwind from the hectic day to day hustle and bustle. Vacations are a great way to unwind and can leave your family relaxed and refreshed. The downside is that vacations can be expensive, and it can often be stressful trying to splurge on such a luxury. There’s good news though! Saving for your family’s vacation doesn’t have to be stressful. All it takes is a little planning and dedication. Below are a few easy ways to save for your family’s next vacation:
Save a lump sum:
Save your next lump sum like a bonus at work or a tax refund. The key is to not splurge and attempt to go on vacation as soon as you get it. Instead, put a portion aside and begin saving for a vacation at least 6 months. This will allow you to better plan for your trip, rather than using impulse buying. You’ll also find that rates for a vacation may be cheaper offseason, rather than during the holidays and other prime spending times.
Plan for transportation first:
Don’t get caught up in the travel mistake made by many novice travellers. You’ve booked your vacation, paid it off and planned for any necessary related expenses. Now all that’s left to do is a plan for transportation. And then….yikes! You find that the rates for travel are more than your entire vacation all together! This is why it’s important to plan for your transportation well in advance. Not only will you find better rates this way, but early booking with many companies will also leave you first in line for upgraded seats and extra perks should they become available!
Don’t deplete your savings:
Unexpected expenses are inevitable. The most important part of saving for a vacation is to not stop saving once the vacation is paid in full. A vacation is meant to be relaxing and rejuvenating. Coming back to a pile full of bills will quickly ruin this! Be sure to keep your savings account padded so that even if you overspend on vacation (which is almost always the case), you can still relax and be comfortable when you return home knowing that everything is taken care of!