Saving for the Family Vacation

Family vacations are times when we create those special memories that we look back on years later with fondness. Unfortunately, these days it seems as though family vacations are a thing of the past. Between hectic work schedules and difficult financial situations, people often feel as though they don’t have the time or the money to take a family vacation. However, with creativity and some planning, it is possible for your family to experience as a wonderful vacation.

The first thing you will need to do is decide where you want to go and how long you want to be there. Do you want to stay near your home? Do you want to travel out of the state? Whichever you choose, you will need to know your budget. Do you want to take a quick 4-day weekend getaway or does a week or more seem more appealing? All of these factors will play into how much money you will need to save and how much vacation time you will need to request from work.

If both you and your significant other work, being able to synchronize your vacation time may prove tricky. However, one way to increase your chances of getting time off is to schedule your vacation during the off season when not many people go on vacation. Not only will you be more likely to have your request approved, but you will be able to save money on your vacation expenses since many vacation spots (as well as airlines and hotels) offer off-season discounts. Also be sure to look into package deals that will allow you to save even more money on things such as transportation and lodging.

Once you have figured out where you want to go and how long you want to be there, you will need to figure out how much it will cost you to make that happen. Once you do that you can figure out how much money you will need to save each week to go towards your family’s vacation expenses. Also consider your current budget. Are there any expenditures that you could sacrifice in order to save money? Perhaps your family could eat out less or you could skip your daily coffee. Cutting out little splurges can add up quickly. Another way to get the money together is to sell things at a yard sale.

If you worry about being tempted to spend the money, perhaps you should consider setting up a separate account such as a savings account. Sometimes the mere fact that you have to go an extra step to access the money is enough of a deterrent to spend it frivolously. Another option would be to use a prepaid debit card and add money to it weekly and put it somewhere safe that is not always accessed. Take these actions and before long you and your family will be off on vacation, making memories that will last a lifetime.



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