Need a vacation, but on a tight budget? Traveling doesn’t have to be expensive with the right planning well ahead of you taking that much-needed vacation.
It all starts with creating your travel budget. You can use our free financial calculators to crunch the numbers to help you with saving for your next trip. You may also find it helpful to start a travel savings account. Set up an automatic transfer at regular intervals so your savings can add up over time.
We also have our top 3 tips for helping you stretch your traveling dollars further:
Search Travel Websites for Deals
There is a plethora of travel websites such as TripAdvisor and Expedia that cater to a variety of travel experiences offering deals from travel to accommodations. These travel sites offer deep discounts, and if timed right you can take advantage of 50 percent off deals. Also consider researching lodging alternatives such as Airbnb or VRBO, where you may find better deals and additional options.
Cook Your Meals
Another great way to save money while traveling is to cook your own meals. Most lodging options have a kitchen, so stock up on groceries rather than spend $15-25 per meal dining out.
Even if you don’t have a kitchen, you can pack sandwiches and salads to go and see a huge savings.
Make your Credit Card Work for You
Frugal travelers know how to get the best bang for their buck. Check on the features of your credit card to know what travel benefits or cash-back perks are available. If you travel a lot, you may want to choose a card that has great travel incentives. On the flip side, a cash-back rewards card could help your travel budget go further.
By planning ahead and sticking to your travel budget, it may make for a less stressful trip when it comes to all the spending you plan to do. But remember, you’re on vacation so be sure to enjoy every penny you worked hard to save.