5 Simple Ways To Save Money On Your Vacation (2024)

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by Ellice Vargas

by Ellice Vargas 358 views

Summer is around the corner, and for a lot of people that means vacation time. No matter what time of year you areheading out onvacation, there are plenty of ways you can save a penny or two on your trip. Check out these 5 tips and tricks before you book your next trip.

5 Simple Ways To Save Money On Your Vacation (1)

1. Limit Your Checked Luggage

A lot of airlines will charge for checked luggage on domestic flights. This can especially add up if you are a larger family and everyone checks a bag. To limit the cost, try having multiple family members share bag and be selective on how much you pack. Traveling a bit lighter will help keep those costs down. You can also use a collapsible suitcase such as the flex vega medium which can further save you money by allowing you to pack in a more optimized way.

2. Pack Snacks/Food

You may find that buying for convenience can get really expensive, especially when traveling with little ones. No one wants to be paying airport prices for a pack of fruit snacks. Pack as many of your kids favorite snacks and on-the-go food as you can fit. I know when we’re heading to Hawaii later this year one suitcase will be full of snacks and baby food so I wont be paying Island prices.

3. Plan Ahead

If you are going out of season for the type of vacation you have planned, then purchase any must need items ahead of time. Nobody wants to be paying extra because you are searching for items that are out of season. We have our family beach vacation booked for October this year so I’m stocking up on sun lotion, bathing suits and sun hats now while there is plenty of choice and summer deals going on.

4. Grocery Shop

If you rent a house or condo on your vacation there is nothing saying you need to eat every meal out. You can take your weekly food budget and do a grocery shop in your vacation town and make home yourself some “home” cooked meals. Even skipping 2-3 meals out will save yourself a pretty penny.

5. Vacation With Friends

Vacationing with friends or your extended family can really cut down of the cost of your accommodation. It’s really easy to find large homes, cabins or condos that can accommodate multiple families for great prices. Not only can it cut your costs in half, you also get to stay in really awesome places you otherwise may not have been able to afford.

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Ellice Vargas

I'm a British gal and mama to one sweet daughter. I love a good DIY project, interior design and photography. When I'm not writing for Life As Mama, I'm traveling as much as I can with my little family and filling up my camera roll with snapshots of our life.

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Ellice Vargas

I'm a British gal and mama to one sweet daughter. I love a good DIY project, interior design and photography. When I'm not writing for Life As Mama, I'm traveling as much as I can with my little family and filling up my camera roll with snapshots of our life.

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  • Why The DockATot Is My Favorite Baby Product - June 1, 2017

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Ellice Vargas

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5 Simple Ways To Save Money On Your Vacation (2024)

FAQs

5 Simple Ways To Save Money On Your Vacation? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How to save for a vacation in 3 months? ›

8 ways to start saving for next summer's vacation now
  1. Make a budget.
  2. Save consistently in smaller chunks.
  3. Open a high-yield savings account.
  4. Research prices well in advance.
  5. Plan your flights and travel dates strategically.
  6. Use a sign-up bonus to lower travel costs.
  7. Take advantage of holiday deals.
Aug 31, 2023

What is the best way to spend a vacation? ›

How to Spend One's Holidays Without Getting Bored
  1. Enjoying the great outdoors.
  2. Learning activities.
  3. Spending time with others.
  4. Being creative.
  5. Making money.
  6. Expected tasks.
  7. Do nothing now and then.

How do I plan a vacation with little money? ›

How to Plan A Budget-Friendly Vacation
  1. Tip #1: Set Your Total Vacation Budget. ...
  2. Tip #2: Plan in Advance. ...
  3. Tip #3: Meal Plan To Avoid Dining Out For Every Meal. ...
  4. Tip #4: Embrace Flexibility. ...
  5. Tip #5: Look for Hidden Fees. ...
  6. Tip #6: Be Careful but Wise. ...
  7. Tip #7: Research Your Destinations. ...
  8. Tip #8: Pre-Plan Your Activities.

How to budget $4000 a month? ›

making $4,000 a month using the 75 10 15 method. 75% goes towards your needs, so use $3,000 towards housing bills, transport, and groceries. 10% goes towards want. So $400 to spend on dining out, entertainment, and hobbies.

How much savings should I have at 50? ›

By the time you reach your 40s, you'll want to have around three times your annual salary saved for retirement. By age 50, you'll want to have around six times your salary saved. If you're behind on saving in your 40s and 50s, aim to pay down your debt to free up funds each month.

What is the rule of thumb for savings? ›

At least 20% of your income should go towards savings. Meanwhile, another 50% (maximum) should go toward necessities, while 30% goes toward discretionary items.

How can I save $1000 in 3 months? ›

If you wanted to save $1,000 in three months, for example, you'd need to save roughly $84 per week. That timeline can also provide you an opportunity to invest in a high-yielding time deposit account.

How to save $500 in 3 months? ›

How to Save $500 in 3 Months
  1. Open a savings account. My entire deposits went straight into my checking account. ...
  2. Create a budget plan. Line up all of your monthly expenses, including the average cost spent on gas and groceries. ...
  3. Get rid of one frivolous expense. ...
  4. Set a savings goal.
Jun 15, 2017

How much does the average person save for vacation? ›

How much does the average vacation cost? The average vacation for one person in the United States costs about $1,986 per week. A vacation for two people will typically cost around $3,971 per week. How much does the average vacation cost?

What is the secret to saving money? ›

Set a savings goal.

Sometimes the best way to save money is by setting a savings goal—a specific dollar amount with a set deadline. You can try the 100 Envelope Challenge to hit a $5,050 goal or use our Savings Tracker and fill in whatever amount you want.

How to aggressively save money? ›

Aggressive Saving: Should You Go for It?
  1. Reduce expenses to realize your aggressive savings plan. ...
  2. Immediately save your additional income so you don't spend it all. ...
  3. Start looking for ways to earn additional income on a regular basis. ...
  4. Save in a Saving Pocket. ...
  5. Save by locking money in a Locked Pocket.
Apr 19, 2024

Is $100 a day enough for vacation? ›

You should have roughly $50 to $100 per person every day of your trip.

How to save $100 or more when traveling? ›

But it doesn't have to be as costly as you might think with these 12 tips for saving money on travel.
  1. Pack light. ...
  2. Shop at local grocery stores. ...
  3. Pack snacks. ...
  4. Get yourself into the airport lounge. ...
  5. Arrive early. ...
  6. Get TSA PreCheck or Global Entry membership fees reimbursed. ...
  7. Take advantage of credit card free night certificates.
May 28, 2024

How to set aside money for a trip? ›

If this is your first time budgeting for travel, Lent says these three steps can help you get started:
  1. Set a savings goal for your trip. ...
  2. Turn one big goal into multiple smaller goals. ...
  3. Keep your travel fund in a separate savings account. ...
  4. Curb your spending habits. ...
  5. Take advantage of freebies and discounts.
Apr 24, 2024

How do I not overspend on vacation? ›

One helpful trick is to set spending limits per day, per person, or per line item. For example, each kid may have a souvenir budget or you may set a budget for park entry fees or show tickets. Some people find it helpful to set a daily spending budget—give or take—allowing carry over from day to day.

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