Summer is just around the corner, and it’s the perfect time to plan your much-awaited vacation. However, vacation expenses can quickly add up and put a strain on your budget. If you have a Vacation Savings account, you are already have some money set aside for fun.
More good news – with some smart planning and a few money-saving tips, you can enjoy a memorable summer vacation without breaking the bank. Let’s explore some effective strategies to help you save money during your summer getaway.
Plan and Book Early
One of the best ways to save money on your summer vacation is to plan and book early. Many airlines, hotels, and travel agencies offer early bird discounts or special promotions for those who book well in advance. By securing your flights and accommodations early, you can often take advantage of lower prices and have a wider selection of options.
When you wait to book flights, you may find the costs are more expensive. This is because so many last minute bookings are business travelers who are not as price sensitive as families.
Be Flexible with Travel Dates
Flexibility with your travel dates can lead to significant savings. Consider traveling during the shoulder season, which is the period just before or after peak tourist season. Prices for flights and accommodations tend to be lower during these times, allowing you to enjoy the same destinations at a fraction of the cost. Additionally, midweek flights and departures on less popular days can also help you snag better deals.
Embrace Alternative Accommodation
While hotels are a popular choice for vacations, they can be quite expensive, especially during peak season. Explore alternative accommodation options like vacation rentals, hostels, or even camping. Websites and apps like Airbnb and VRBO provide a wide range of affordable alternatives, often with additional amenities like kitchen facilities, which can help you save on dining expenses.
One way that we have discovered to save money on vacations is by searching Airbnb or VRBO, and then searching for the property to see if it is listed on any other site, or directly through the rental managers website. You can also message the “host” on Airbnb or VRBO and try to negotiate rates. They will sometimes offer a discount, allow you to book directly and save the hundreds in extra fees and charges through those websites, or both.
Opt for Off-Beat Destinations
Instead of heading to the most popular and crowded tourist destinations, consider exploring off-beat or lesser-known locations. These places often offer unique experiences, lower costs, and a chance to immerse yourself in local culture. Do some research, seek recommendations, and discover hidden gems that can provide an unforgettable vacation while being kinder to your wallet. Smaller cities and quieter beaches may offer better deals.
Pack Smart
Packing smart can save you money on your summer vacation. Remember to pack essential items such as sunscreen, toiletries, and medications to avoid expensive purchases at your destination. If you’re traveling by air, pack light to avoid excess baggage fees. Additionally, consider bringing reusable water bottles and snacks for the journey to save on overpriced airport or convenience store purchases.
Remember the 80/20 rule – you don’t need as many clothes as you think. Remember that you an always do a load of laundry while on the road.
Explore Free and Low-Cost Activities
Research the free or low-cost activities available at your destination. Many cities offer free walking tours, public parks, museums with discounted entry fees on specific days, and community events. Take advantage of these options to enjoy local attractions without spending a fortune. You can also consider outdoor activities like hiking, swimming, or picnicking, which are often budget-friendly and allow you to soak in nature’s beauty.
National Parks are classic family getaways. If you are visiting several during the year, consider the US Park Pass. It’s a great deal for your whole family as daily entrance fees can add up. They offer passes for Seniors, Military, and those with permanent disabilities. You can get a free pass the year your child is in 4th Grade as well.
Go!
Planning a summer vacation doesn’t have to drain your bank account. By implementing these money-saving tips, you can make the most of your summer getaway while keeping your budget intact. Remember to plan ahead, be flexible, and explore alternative options to find the best deals. With a little bit of creativity and resourcefulness, you can enjoy a fantastic vacation filled with lifelong memories without the financial burden.
Thanks to Aaron Salmon, CFP®, Director of Investment Strategies for this post. Pathfinder Planning LLC is a registered investment advisor in North and South Carolina. We serve young adults and working families by providing personal financial planning and asset management for a simple fee. www.pathfinderplanningllc.com