Time to Explore: Family Vacation Budgeting
Jul 7, 2021, 10:41 AM
Travel—and summer fun—is possible as long as you find ways to budget and stretch the money you have. Vacation should be relaxing, but that does not mean you should overspend. Having a savings plan for your vacation can help you reach your goals faster. You can get from your couch to the Caribbean with these tips to travel smarter from Metro’s Save and Succeed How to Save for That Much-Needed Vacation.
How do you plan a family vacation budget?
Determine your vacation’s total cost
- Use the four-step process to begin saving for a vacation
- Set up the vacation savings account
- Start contributing to your vacation savings
Even taking a road trip can be expensive, making it difficult for those on a budget. Hotel rooms, food, and gas all cost money— adding to entertainment or any souvenirs you might buy. Consider alternative travel methods and connecting with a family member or friend who may live in the area that you are traveling to and ask if they would let you stay with them to skip a hotel for a night or two. Visit these reasonably priced road-trip destinations with beautiful views that are family-friendly. Read more about cheap travel summer savings tips.
Here are tips for traveling inexpensively
Sticking to a budget will make sure you have a great time during your vacation and after you get back—nothing kills a vacation glow like finding out you overspent and have a large credit card bill when travel is over. Have a fabulous summer vacation with these insights from a travel enthusiast. If you have not reached your vacation goals for this year, you can always use these ideas for taking a staycation and discover new things in the areas around where you live.
You can open up your vacation savings account with Metro Credit Union with a $5.00 minimum balance. Consider using Metro’s Your Travel Center to make your travel arrangements and use your Metro Rewards towards your summer vacation.