4 Proven Ways to Plan a Vacation on a Budget

The cost of taking a well-deserved vacation can be pricey. Great news for you… it doesn’t have to be that way!

With a little intention and a few good tips, there are indeed ways you can save money and finally get the rest and relaxation you’ve been yearning for. Here are 4 proven tips for planning a vacation on a budget:

1. Plan in Advance

Start planning your vacation at least six months ahead of time. Open a separate savings account specifically dedicated to your vacation funds and contribute to it every time you get paid.

This strategy alone will ensure that you have extra money when vacation time rolls around. In addition, you can pay for some things in advance like airline tickets, car rentals, and lodging reservations.

2. Budget Your Vacation Expenses

Make a rough itinerary of your trip. Then make a budget that includes all of the expenses that you expect to incur after you reach your destination. This should include things like meals, transportation, entertainment, and souvenirs.

Making this kind of budget helps give you a rough idea of how much money you will need on a daily basis. Don’t forget to budget in about 20-40% more to allow for unexpected expenses.

3. Travel Light but Don’t Forget the Necessities

Well before your trip, make a list of items that you will need. Forgetting things like appropriate clothing, toiletries, or your camera can be frustrating and costly. You may have to purchase these items when you get to your destination and, depending on where you are going, that can add to a lot of unnecessary expenses.

Along that same vein, only pack what you will really need. It’s a hassle to have to lug extra cargo around. Also, take into consideration that you may be returning home with more stuff than what you came with!

4. Consider a Group Vacation

Got a large group of family or friends wanting to vacation together? Traveling in groups is a really great way to save money. Like buying in bulk, vacations are another way you can save money by purchasing in larger quantities. Not only do costs end up cheaper per room/person, but you also have the ability to share the cost between your group. It’s a win-win for everyone!

Vacations should be a time of rest and relaxation for you. With careful planning and budgeting, some of the more worrisome aspects of taking a trip can already be taken care of, leaving you with more time to simply enjoy yourself.