Start budgeting for a summer vacation

Consider off-season travel

This may defeat the purpose of planning your summer vacation, but prices tend to drop significantly during off-season travel. If money is tight, you might want to consider rescheduling your trip all together. Popular summer destinations come at a cost – a cost much higher than in the fall or winter. Depending on your destination, you might be able to secure a lower price point by just booking on less popular days of the week. Make sure to do some research on travel prices to determine if your vacation is within budget.

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Strive to get the most for your money by looking into local deals and travel websites. LivingSocial and Groupon are two online marketplaces with a ton of deals. Find discounts on travel resources, restaurants and other excursions for the whole family. Not only will this help plan out your activity itinerary, but you’ll get the most bang for your buck.

Reduce spending to afford the trip

Communicate with your family and let them know that you should all cut back on dining out, retail shopping and other unnecessary expenses. Use this as an opportunity to teach your kids the importance of budgeting and how trimming these costs can help your “vacation fund” grow. Closely evaluating your monthly expenses can help you identify where you overspend and how much you can set aside in savings. Travis Credit Union can help you manage your finances with MYINSIGHT. This digital money management tool allows you to track your spending and visualize budgets. Learn more about how MYINSIGHT can help you save for a summer getaway on our website.

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