How to Plan a Vacation on a Budget

Jul 10, 2017

Many people struggle with the quest of going on a vacation with a thin wallet. But there’s no need to worry – knowing these five tips, you’ll be able to go on an amazing trip without spending much!

Afford Summer Vacation With These 5 Tips

  1. Set a goal

Do you know how much money you need to have to go on a vacation? Even if the expensive holiday isn’t possible this year, think how much money you require to make your vacation happen and set a savings goal. Think that it’s too difficult? Just read on.

  1. Make a spending plan

Quality summer planning requires a good spending plan. In case you don’t have a household or a personal budget, creating one should be the first thing to do for finding money for your trip. Understand that it will be very difficult to save money if you don’t know about all of your expenses. When people see all their planned expenses, it gets easier for them to decide what they can abstain from to achieve their savings goals.

  1. Cut back your expenses

Once you have your spending plan before your eyes, you will clearly see what expenses you can trim to get extra money for your vacation. For instance, you can put your cable bill on hold during the spring months when the weather is fine. You may also plan your meals better so that you’re eating out less and preparing meals yourself. All those little things, if adhered to strictly for months, can save you enough money to help you go on vacation.

  1. Setup automatic transfers

Unfortunately, if we’re financially uneducated, we can become the worst enemies of our money. Therefore, we need to develop and use strategies that will keep our money safe from ourselves. You can use your credit union or bank to setup automatic transfers from your regular account to another account which you will find difficult to withdraw money from. It can be a high-interest savings account which isn’t connected with your credit card. For instance, if you transfer $25 on a weekly basis, you can save up to $1,300 within one year. Ask yourself – can I live without $25 a week? Sure you can! Don’t ignore this little but smart trick to save money “automatically”.

  1. Choose “staycation”

If you can’t imagine a better place for vacation than your bed or money is really tight this year, you can choose not to travel anywhere. “Staycations” are becoming more and more popular, and in case you’re interested in getting one, google “top staycations ideas” to get more info about it.

If you use these smart tips, you will certainly find a way to save money for your next vacation even if money is tight this year. It’s all about planning, organization, and a little bit of self-discipline.