What if you could stretch your $5,000 budget into a $10,000 vacation? Imagine how much more you could do and enjoy: a more excellent hotel, better food, or maybe you would change your plans altogether. It can be done. With some research and planning, taking a nicer vacation than you think you can afford is well within your reach.
Try these seven ideas to turn your vacation funds into more fun:
- Airline Tickets. You can save money on airline tickets if you’re flexible with your travel dates. A day or two earlier or later can make a massive difference in the cost. Tuesdays – Thursdays are usually the cheapest days to travel by air.
- Consider alternate airports, too. Sometimes, flying to a different airport can save hundreds of dollars if you have to purchase several airline tickets. Larger cities typically have multiple airports.
- Consider alternate airports, too. Sometimes, flying to a different airport can save hundreds of dollars if you have to purchase several airline tickets. Larger cities typically have multiple airports.
- If you’re going to a popular destination, you will likely find hotels offering coupons or even free tickets to popular attractions.
- Search online for the lowest price hotel room that meets your needs. Also, consider joining a hotel points program.
- You can save much money on food by getting a hotel room with kitchen facilities. Food is usually a significant expense when traveling. A kitchenette can save a ton of money, especially if you have kids and are staying for a week or more.
- Search online for the lowest price hotel room that meets your needs. Also, consider joining a hotel points program.
- Consider a cruise. Cruises offer spectacular food and entertainment for a relatively small amount of money. There’s always the option to sign up for off-ship excursions, which aren’t free, but usually aren’t too expensive.
- You’ll need to include the cost to get to the ship from your house and back again, but cruises can offer tremendous value for the money.
- You’ll need to include the cost to get to the ship from your house and back again, but cruises can offer tremendous value for the money.
- Go in the off-season. Most travel locations have a peak and off-season. This usually depends on the weather and when travelers are most available to travel there. Going in the off-season means there is much less demand, and prices will be lower. This is true for air travel, car rental, lodging, and entertainment.
- You also have the benefit of fewer crowds to deal with.
- You also have the benefit of fewer crowds to deal with.
- Group travel. Traveling with a group can cut down on expenses. Larger groups can get better rates, from transportation to lodging, food, and entertainment.
- Pack carry-on luggage only. With nearly every airline charging for bags now, if you can limit yourself to carry-on items, it’s an easy way to save a lot of money.
- All-inclusive. All-inclusive resorts can be a great way to cut your expenses. All your food and entertainment are already paid for as long as you stay at the location.
- Though they might seem expensive on the surface, if you add up all the costs you’re likely to incur with vacations, all-inclusive resorts make much sense.
- Though they might seem expensive on the surface, if you add up all the costs you’re likely to incur with vacations, all-inclusive resorts make much sense.
Stretching your vacation dollars is easy if you do your homework. Consider that your major expenses are likely to be transportation, food, and lodging. If you can do something to minimize each of those, you’ll be well on your way to dramatically reducing your vacation expenses.
If you are looking for a few resources for planning a budget minded vacation, check out Take More Vacations: How to Search Better, Book Cheaper, and Travel the World by Scott Keyes. You get a ton of great suggestions on cheap flights, vacation packages and more. You don’t need to make millions to live better!
Pingback: Leadership - Move F.A.S.T. - Ed Barton, LLM, CPA, CFA