The Perfect Geography Lesson: How to Afford Your Family Travel Plans
As a parent, you’ll want your child to see the world. However, your financial budget might make this difficult. But there are some simple ways you can create the vacation of a lifetime for your child, and without putting yourself under financial pressure.
Get Rid of Car Payments and Debts
In today’s world, it’s very easy to fall into the trap of “keeping up with the Joneses” but who are you trying to impress, anyway?
By getting rid of those hefty car payments for the latest high-spec motor, consider buying a cheaper car outright. OK, so you might find the school trip a little bit more embarrassing, but you’ll soon see the benefits when you’re jetting off to Disneyland with the kids in tow.
While you’re looking at your finances, it might also be worth getting rid of any debts you have. By consolidating your loans, you’ll be able to keep on top of your monthly payments with ease, which will help you take control back over your finances quickly.
Buy Your Kids Vacations Instead of Toys
Instead of buying the latest fad toy for your kid’s birthday or Christmas, why don’t you put the money towards a trip instead? Ask your kids what they’d prefer, and you’ll probably be surprised to hear a vacation is much higher on their wish list than the latest video game.
Look Out for Deals
Do plenty of research before you book a holiday so you know roughly how much it’s going to cost you to go somewhere, stay there, and have fun there. Then, you can keep your eyes peeled for any deals that crop up in the meantime.
There are a number of tools that help you find the latest deals, include comparison websites and tracking apps that will alert you when flight prices drop.
Settle for a Cheap(er) Vacation
There are a number of ways you can cut down the costs of your vacation, and when you’ve got kids you’ll often have to do this. You and your partner may have flown business class before and stayed in 5-star hotels, but to make sure you all enjoy a summer vacation, you might have to sacrifice some of these luxuries.
By flying in coach class, staying in a budget hotel, and opting for red-eye flights, you’ll be surprised at just how much you can save. Team this with discounted offers, ticket deals, and half-price activities, and you’ll be able to pack plenty of fun into your holiday. OK, so you’re not staying in the nicest hotel on offer, but your kids’ faces, when they play in the pool, meet new friends, and taste exotic foods, will be priceless.
Make a Budget – and Stick to It
Within your family budget, make sure you’ve got room for vacations. So, when you’re budgeting for your utility bills, cell phone charges, and groceries, you’re also budgeting for travel expenses. Unfortunately, there may be times when you have to dip into this travel fund, like when the washing machine packs in, but that’s life.
By saving as much as you can each month, you’ll start to gather momentum, and before you know it you’ll have enough to take the entire family away.