18 Shares

Traveling can be expensive, especially if you’re planning a big trip such as traveling a far distance with multiple overnight stays. Are you looking for fun, cheap summer vacations?

When it comes to preparing a travel budget, this can be a little more tricky.

You may think you don’t have any money to travel, and that budgeting for your trip is impossible.

The key to taking a debt-free vacation or trip is determining what you can afford. That means if you can plan your “when” a little farther out so you’ve got more time to save up, you’ll have a fun family goal for everyone to join together for a common (fun) cause.

Keep in mind the expenses that will be waiting for you when you get back such as food and rent. The last thing you want to worry about on vacation is what you have waiting for you when you return.

In this guide, I’m going to show you how you can budget for travel so you won’t go into debt on your next trip! Yep. figure out some cheap summer vacations.

Determine How Much You’ll Need

If you’ve traveled to your destination of choice before, you probably won’t have much trouble determining how much you’ll need for your trip.

If you are traveling to a new destination, this could get tricky. Ask around to see if anyone you know has been there before, and look at reviews and travel guides for assistance on any extra excursions.

While websites and online research can be helpful, personal recommendations are going to help you answer questions such as cheap entertainment options and an approximate cost of meals.

Find The Money

If you are living paycheck to paycheck, finding extra money for travel can feel impossible.

The truth is that, in most cases, the money you need for your trip is sitting right under your nose.

Take a look at your current budget. Specifically pay attention to your flexible spending categories such as your grocery, restaurant or clothing categories. Is there anything you can do to lower these expenses so you’ll have more money for travel?

Once you’ve exhausted these options, your next step is to find ways to earn more money.

You can use your smartphone to make money or look for potential valuables to sell online. You don’t necessarily need to take a part-time job, but I bet you have a few minutes or hours to spare to work on a side hustle that could potentially pay for your entire trip.

Once you’ve exhausted these options, your next step is to find ways to earn more money.

You can use your smartphone to make money or look for potential valuables to sell online. You don’t necessarily need to take a part-time job, but I bet you have a few minutes or hours to spare to work on a side hustle that could potentially pay for your entire trip.

Working Travel Into Your Budget

The key to saving up for cheap summer vacations is to start planning as early as you can. The more time you have to prepare the more time you have to save up so you don’t use a credit card.

If you are planning a big trip to Disney, you can start saving for it even if you haven’t chosen a date yet.

Once you’ve determined how much money you can reasonably put away toward your trip each month, take the total number you have and divide it by the number of months you have until your trip.

For example, if you need $2,000 for a trip to Disney, and you’re leaving in ten months, you would need $200 a month to put toward your travel fund.

Create a fun picture that has your savings goal on it. List the small steps you are going to make to get to that end goal. Display it prominently in a place where everyone in your family can see what you are working towards.

Having everyone on the same page, and seeing your progress to get to the end goal will keep you motivated when the going gets tough.

You’ll Need A Cushion

Travel can sometimes be a little unpredictable. A flight delay could leave you in an airport longer than you expected. And traffic could throw off your schedule entirely forcing you to eat out one more time than planned.

The worst thing that can happen when you are traveling is that you run out of money before your trip has ended.

If you have under-budgeted for something like food, it can ruin your travel budget in seconds. This is why you should always have extra cushion in your travel budget for hiccups along the way.

I suggest planning for your goal, then adding 10% more for the unexpected.

If you don’t spend all you’ve budgeted, you can put it towards your next trip or use it as a bonus for your current months budget.

Don’t Forget About Returning Home

When you come back, you will still need to eat and drive your car.

If you plan to use your regular gas and food budget to supplement your vacation fund, make sure you plan for once you come home. Otherwise, you could come back to an empty wallet and an empty fridge. And that could throw your budget out of whack after all that fun and planning.

We always plan to spend our regular food and gas budget for that week the day after we get back in town. That way we have the money ready to restock the perishables in the refrigerator and replenish the gas tank so we can get back into the swing of our normal day to day activities.

Wrapping Things Up

For me, planning and budgeting for cheap summer vacations can be just as exciting as taking the vacation!

As I watch the vacation fund grow, it helps keep me motivated and excited about the trip! If you struggle with putting enough money away for your trip, or the logistics behind how to budget for your travel, then these tips are sure to help you out!

 

YOUR TURN: Where do you want to vacation next? I’d love to hear about it in the comments below! One day in the next few years, I want to plan a trip to Hawaii… am I crazy??

More Fun Articles To Read:

A family vacation can be so expensive. You can set up a successful budget for your next vacation so you won’t go into debt on your next trip! #debtfree #familyvacation #savings #truecouponing #budgeting
18 Shares
18 Shares
Share5
Pin13