8 Ways To Save When Planning That Awesome Vacation

Mar 19, 2024 Personal Finances

Thinking about going on a vacation? Use these tips to help you plan an awesome experience without overspending.

A family walking on the beach, the two children are running ahead and smiling.

Whether you’re in school or have been out for a while, summer is often attributed with nice, long vacations. Even with inflation on the rise, Americans aren’t letting it stop their summer getaways.

Before you start booking flights, hotels, and rental cars, take a moment to plan how to stretch your dollar with these tips.

Ways To Save

Staycation  

If you’re on a tight budget, consider a staycation, which is basically vacationing where you live. Are there any local places you’ve been meaning to visit, activities you want to try, or restaurants you want to go to? Act like a tourist in your own city. Go hiking, swimming, or set up the tent in your backyard.

A photo of a bridge on the lake in Austin, Texas.

Summer Activities In Austin

Plan your staycation in Austin this summer with these fun ideas to keep you busy without breaking the bank.

Travel Dates

Rates for airfare and lodging vary from day to day. If you have some flexibility, be open to switching your travel dates. You might be able to find a better deal mid-week or by booking a flight at a different time on the same day. Other options would be to plan in advance or avoid traveling during popular times when prices are at their highest.

Mode Of Transportation  

Flying may get you to your destination quicker, but it’ll cost you. Consider transportation alternatives if the destination permits. Taking a train or driving may add another fun and exciting element to your vacation. With options like this, you can visit places along the way, making the trip that much more memorable.

Free Attractions  

It doesn’t get better than free. Consider visiting a museum, park, or historical place. Adding free activities to the agenda keeps your schedule full, while helping to alleviate costs.

Travel Packages  

If your destination requires flying, consider booking through a travel site for your hotel and air fare to bundle and save. You may be able to save even more by searching for group pricing if traveling with friends or family.

Deals & Coupons

Do a quick online search to see if there are any tips or tricks to saving on the place you want to go. If you’re traveling to a resort or hotel, ask them if they have package deals or even coupons for guests to use to cut down on prices.

Your employer, alumni association, or financial institution may also offer discounts on certain attractions.

Picnic Time  

Finding a place to go out to eat can be time consuming and expensive. Avoid a hefty bill if traveling somewhere local by packing your lunch.

If traveling, consider visiting a grocery store whenever you reach your destination. Water bottles, snacks, and sandwiches will be much cheaper to buy there versus at an attraction.

Budget

It’s easy to lose track of purchases when you’re on vacation. The cost of travel, lodging, souvenirs, and food can really add up fast. Consider using cash for certain aspects of your trip and set strict limitations for yourself on things you need to use your card for. Remember, the memories and fun you have will be worth more than whatever you spend in the long run.

Summary

Take advantage of the time you have with your family this summer and plan for some lasting memories! It’s a great time to get creative and have fun!

Female sits on floor on laptop with notebooks open next to her
Life Guidance for:

Budgeting

Ready to take control of your finances? See what steps to follow to develop a spending and saving plan and follow through on it.

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