How to budget for vacation (4 steps)

I've always loved to travel,

but travel can be expensive.

When you planned, budgeted and saved for your vacation, you'll be less likely to worry about "running out of money" or even worst, using your credit card for money you don't actually have.

Here's how to budget and save for vacation.

Determine your destination

In order to budget for your vacation, you need to determine where you are going.

For example, a week at the beach, will cost more or less according to where the beach is located, and where you are located.

Price out all components of the vacation

transportation

accommodation

meals

shopping/souvenirs

activities/excursions

travel insurance (for international trips)

Look for areas to cut costs

Stat with your biggest expenses: 

transportation and accommodation.

***here how to save $ on airline tickets***

Also look at ways to save on meals, as the cost can add up quickly

(we usually plan on eating a simple breakfast and sandwiches for lunch, then eat out at a restaurant)

Determine how much you need to budget each month

Based on all of the above cost,

determine how much you need to set aside in your budget  each month.

For example,

if your trip will cost $2000 and you plan on going in 6 months, you need to set aside $334 each month for 6 months.

If you are not able to save that, look for additional ways to save on vacation, look at alternative dates, 
and/or alternative locations.

(or delay the vacation and give yourself more time to save)

Planning is the key of saving on vacation, saving on groceries, saving for retirement and simply saving for anything else.

Stay Frugal,

Daniela

Linking to
It's Overflowing
TwelveOeight
Between Naps on the Porch
Coastal Charm
The Frugal Girls