Vacationing On A Budget

This is a sponsored conversation written by me on behalf of Axiom Bank. All opinions are mine alone.

We are officially a family of six! Yay! As our family grows, we realize that keeping track of our budget is more important than ever. Keeping track of our spending and staying within our limits was a resolution we made for 2019 and I am happy to say we are sticking to it.

Spending quality family time is important to us and so is making memories that we will cherish forever. Our family is willing to sacrifice in some areas throughout the year in order to be able to take a nice, relaxing family vacation.

The only way we can afford to do so is by budgeting not only throughout the year, but also setting a budget for our trip.

With summer right around the corner, many others are also thinking about vacations to take. But the cost of booking a getaway can be intimidating – and for some, not feasible. According to CreditDonkey,
the average vacation costs $1,145 per person, or $4,580 for a family of four.

But it is possible to save money while enjoying a nice vacation. Check out the tips below on how to budget and spend smart during your holiday.

Make a budget
Before you book your plane ticket or hotel room, determine how much you can spend on your trip. This will help you decide on the perfect destination that won’t break the bank. Whether you want to get organized or just map out exactly what you can spend, tools like Axiom Bank’s AxiomGO mobile banking app can help. The My $ Manager function will help keep you on track and strategize your vacation spending.

vacationing on a budget

Surf travel sites
Trying to find the best deals on airfare or hotels can be time-consuming and discouraging. Booking your trip through a travel site can help you find the best rates, as well as knock out multiple reservations at once, like your hotel, transportation and rental car. Sites like Expedia, Travelocity, Kayak and Orbitz will scour for the best rates so you can be sure you’re saving where it counts.

Go for the off-season
It’s no secret that certain times of the year for destinations are busier than others, and therefore, pricier. Take advantage of lower rates by booking your trip during off-peak times – not only will you save money, but you’ll probably avoid crowds and be able to relax even more.

Avoid hidden costs
Mapping out costs of plane tickets, hotel rooms or rental cars can be fairly obvious expenses but remember that there are other costs that can creep up later – meals, souvenirs, parking, resort fees and more. To avoid extra spending, try booking lodging with a kitchenette or an Airbnb so you can prepare your own meals to reduce dining costs. Also, pack lightly so you don’t have to check luggage. What may seem like minor costs can add up quickly, so make sure you’re keeping track! You can use AxiomGo’s My$ Manager feature to set spending limits, note what you’ve spent and where you can save. It’ll even provide alerts so you’re always informed.

vacationing on a budget

The best things in life are free
Finally, one of the best ways to save money on vacation is to seek out free activities. If you’re vacationing in a city, take in the sights at landmarks or historic places. If you’re in the tropics, relax on a beach or have an oceanside picnic. There are many ways to make the most of your trip without opening your wallet, so do some research on your destination before you arrive!

Using an app to track our spending makes budgeting a breeze! Creating a budget and sticking to a plan means I can spend vacation relaxing instead of worrying.

This Post Has 6 Comments

  1. This is great! Vacation is a must for our family and I always feel like we are pushing the budget. I’ll definitely be looking into this.

  2. I am so glad I came across this now. We want to plan a family vacation and definitely need to set a budget in order to make it work. Checking out the app now to use for our trip planning!

  3. We definetly will be giving this a try on our next vacation. A better way to monitor spending while trying to have the best time possible will help stretch our budget. More souvenirs!

  4. I used to be so against using apps. I didn’t want to change. I’m glad that I did because I found they are very convenient. Setting a budget for vacation is so stressful and I’m glad I found this article. Definitely planning on using this app to help plan this year.

  5. I think the biggest way we’ve been able to save money while traveling is of course, vacationing during off seasons, and booking our stay directly with hotels rather than third parties. Maybe in our next trip, we’ll try an Air BnB to cut on dining costs.

  6. Planning a trip is curial its help ones to completely enjoy the trip and to get the best out of it! Your tips are really useful I applied some in my trips through the missing part in my trip planning would be completed by some of your trips 🙂 for me the astonishing point for my trip planning when get to know the benefit of using Incognito mode for booking what’s yours?

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