A family vacation is a perfect time to escape the stress and hassle of everyday life, have some adventure, and just genuinely have fun with the family. As beautiful as that thought can be, it’s not all that simple. From airfare to accommodations, every aspect of a family vacation can be a huge expense, and you need a considerable budget to make that vacation come true.
Don’t fret, however, as in this article, we’ll help you by discussing some ways to make your next family vacation not straining on your budget. That said, here are some tips on how to save for your next family vacation.
Make a Vacation Budget
First, you have to make a budget to remember the things you need to spend during the vacation. A budget is a financial plan you can refer to to gauge how much money you want to spend for your weekend getaway. You can also use it to track how much you’ve been spending on the vacation so far and where to cut off your expenses. But how do you make a budget?
First, you need to pinpoint the essentials like airfare, accommodations, food, etc. It’s also important to let the kids be involved in the planning so they would also know what to expect. Next, you must add all your possible expenses by each category. Categorizing is essential as it will make the vacation easier to manage.
After that, you can start putting some money into an account you will use later for your vacation. If you can afford it, you can use your Personal finance for the entire trip, but if you think you’ll be short on money once you get there, you could also get some loans for safety.
Decide Where to Go First
Airfare is a huge factor in budgeting for a family vacation, but if you have no destination in mind, you might want to go somewhere much cheaper to save a lot of money.
Choosing a less expensive destination, especially one that is not full of tourists and is less popular, is a good choice since it can save you tons of money for overall expenses. Of course, picking a random place is not enough. That said, here are the following factors you should consider when picking the destination:
- Ease of Access
Set a Timeline
Typically, the farther in time you make your plans for a family vacation, the less money you’ll be spending, especially when it comes to airfare. This is because, as we all know, the closer you book your flight to your travel time, the more expensive it will be. Not only that but by scheduling early, you can also get many deals and discounts when it comes to travel, accommodations, etc.
That said, planning your family vacation at least four months before your departure is generally recommended. This is especially true when it comes to domestic travel. However, if you plan to go there during the holidays or peak season, you might want to give yourself more time to prepare. This is because usually, during peak seasons, the cost of travel and accommodation goes up.
Eat Like a Local
Dining out three times a day can devour your budget in no time. That said, before your family vacation, it might help you save tons of money to research how to eat like a local in your destination. One thing you can do is to eat at local markets. You can look for information on where you can buy fresh fruits, meats, snacks, etc.
You can also use apps like Yelp and Tripadvisor to find highly-rated eateries that serve delicious and cheap meals you can eat with your family. Another thing you can do is locate the local grocery so you can buy food and cook yourselves some meals from time to time to save money.
Look for Free Attraction
When planning for a family vacation, you might want to look for some fun and cheap attractions. In cities, there can be multiple attractions you can go to, like parks, museums, etc. You can usually look for them on apps like Trip Advisor and Yelp. If you’ve already picked the place, you would want to look for deals on their admission, like discounts. Some tourist attractions even have free admission days, so you should check on that as well.
Taking a family vacation is a good idea, especially when your family needs it. However, it doesn’t mean you have to break the bank just to have fun. You can do many things to save money on your family vacation next time, like eating indoors, picking the right place, etc. Remember, stressing about your finances instead of having fun with your family can ruin your trip.