How To Take A Family Vacation Without Going Broke

How To Take A Family Vacation Without Going Broke

Summer is the perfect time to go travelling. Not only is the weather amazing in most of the Northern Hemisphere, but your kids are off from school. Add to that the fact you’re due two weeks paid vacation, and you’re set to globe-trot immediately. The only thing holding your family back from taking the next big trip is cost. Summer is the travel industry’s busy season, so you can expect to pay high prices wherever you go.

If your family is on a tight budget you can’t always manage these inflated prices, but don’t let your finances put an end to your dream vacation. You can escape the daily grind without going broke by following these simple tips.

Search out cheap destinations

Not all travel is created equal. When you’re flying out of the States, a two-week stay in Tokyo will cost you a fortune on flights alone. There are other destinations that promise not to take your wallet for a ride long after you touch down. Thanks to a strong dollar and emerging budget airlines, you have a ton of amazing and affordable choices including Colombia, Norway, and Indonesia. Check in with CNTraveler’s list of 6 locations where the Greenback is doing well for inspiration. But don’t stop there — keep looking at other cheap travel guides for families until you find your dream destination.

Plan to spend your time wisely

Once you have a destination in mind, it’s time you figure out how you’ll spend your time exploring this new part of the world. How you fill your day will depend on how much of your budget is left over once you’ve paid for flights. After airfare, accommodations tend to be the most expensive part of your trip. Be prepared to spend a lot on your hotel.

What remains is what you have left to spend on the fun things, likes tourist attractions, excursions, and dining. Sit down and figure out which of these experiences matters most to your family, so you know how to split up the rest of your budget. If you’re willing to sacrifice elements of your trip, you can free up extra money to do what really interests you.

If your teen is a budding foodie, then you may pass over a guided tour of The National Gallery of Denmark in favor of dining at that new Michelin star restaurant in Copenhagen. If your family couldn’t care less about what and where you eat, then you could avoid all takeout and restaurants to have enough cash to check out every tourist site on your list.

Prepare for hidden costs

Even though you’ve tried hard to keep this affordable, it’s easy for our vacation to go over budget. Budget airlines have hidden fees, forcing you to pay extra for your slightly-larger-than-normal carry-on. Unexpected weather can cause delays and other issues that keep you at the airport longer. If it’s long enough, you’ll have to pay for expensive airport food. Things like this add up, and you may have to dip into other emergency funds to cover these costs.

If you spend enough of it, you’re leaving your family unprepared for emergencies once you return home. That doesn’t mean you have to give up your travel plans this summer. Options like MoneyKey provide a quick, pain-free way to bridge the gap between your budget and an unexpected bill. They operate primarily onlineto process applications 24/7. That means you can get a fast installment loan online as soon as you need one — no matter what time zone you’re in. As long as you have a secure connection, you can apply from home or abroad.

Though you may not face a surprise bill or repair upon your return, knowing where to find an installment loan can help you keep calm in the face of an emergency. This is the kind of proactive, organized thinking that can keep your vacation affordable. Remember to think things through and plan your trip around your budget. Follow these tips, and you’ll be able to see the world without breaking the banks.

By | 2018-06-19T01:59:19+00:00 May 31st, 2018|Finances, Money Saving Tips|3 Comments

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3 Comments

  1. ellen beck June 13, 2018 at 5:14 am - Reply

    Good tips. I think packing your own food helps too especially if you go by car. You can save a whole lot just by doing lunches and having snacks available instead of handing over money for food when all sometimes everyone wants to do is get out and move about.

  2. Dana Rodriguez June 13, 2018 at 10:25 pm - Reply

    These are great tips. We always bring our own snacks and drinks too to help save.

  3. shelly peterson June 15, 2018 at 12:15 am - Reply

    Thanks for the wonderful tips. I would love to go on a vacation.

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