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Budgeting & Saving

7 Ways to Save Money on your Next Vacation

Would you like a chance to relax, unwind, have fun, bond with your family and create memories that will last a lifetime? You need a vacation!

Just remember that traveling doesn’t mean you have to take a vacation from your budget. A “Why not? I’m on vacation!” attitude can leave you regretting your wild spending when you return to a pile of bills. Traveling doesn’t have to be expensive. Try these tips to plan a trip that won’t leave you dreading the bills.
  1. Research your destination. If you have an idea what your options for fun are going to be, you can plan a few “must-do” activities and decide where you want to splurge and where you can be more frugal. Be sure to allow some flexibility in your schedule — part of the fun is being able to change plans on a whim.
  2. Travel in off-peak periods. Around the world, prices for air fare, lodgings and activities increase during peak tourist seasons. So take advantage of lower prices — and smaller crowds — by traveling at times when everyone else doesn’t.
  3. Reconsider your lodging options. Instead of staying at a hotel, investigate renting a vacation home. Rental homes offer more bedrooms, kitchens for making your own meals and many other amenities you won’t find in your average hotel room. Be sure to book through a reputable site, such as VRBO, AirBNB or Roomorama, that offers secure payment options, property reviews and online support.
  4. Look for coupons and discounts. Groupon, LivingSocial and other online coupon sites have money-savings deals for restaurants, museums, spas, events and more. Many apps can also help you find local deals and discounts. Tourist information centers often have booklets filled with coupons and special deals from area merchants. The official tourism sites of the cities and states you’ll be visiting may offer links to free and low-cost activities. And members of certain organizations, such as AAA or AARP, are often eligible for discounts — just remember to ask.
  5. Leverage Twitter. Set up a free Twitter account just to follow travel deal sites and airlines. Many of them tweet information about sales and last-minute fares that can save you a bundle if you have the flexibility to take advantage of them.
  6. Pack snacks and water. Having a refillable water bottle and easy-to-carry snacks like granola bars, baby carrots and nuts can save you time and money. Instead of waiting in line at the snack stand or paying high prices at a convenience store, you’ll be able to grab and go.
  7. Open a savings account just for vacation savings. Save up so you can pay all or most of your vacation expenses with money you already have on hand. That way, you can avoid credit card debt and its interest charges. If you set up regular automatic transfers from your checking account through electronic banking, you can easily keep your vacation savings on track to meet your goal.

    Enjoy your vacation!



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