Tips for Saving Up for Your Family Vacation

A family vacation can be just what you need to help your family feel closer, as well as get away from the hustle and bustle of everyday life. For many families, vacations do not come frequently. If you want to make this a vacation that your kids will remember for their entire lives, you’re going to need to start planning and saving early. Here are some of the best tips for saving up for a family vacation.

Open a Dedicated Account

You should open up a separate savings account that is completely dedicated to your vacation fund. You shouldn’t put any money in that account that is not for the vacation. You should also try to avoid taking money out of the account before you start paying for tickets and deposits. 

Create a Savings Goal

Make sure that you have accounted for every eventuality, all of the activities you want to do, the hotel, the airfare, and any other expenses that you might have while on vacation. You also want to make sure that you budget in money for souvenirs and activities that have cover charges. Make your savings goal a little more than you anticipate actually spending just in case something comes up.

Find Bonus Money

Bonus money is any income that you have that doesn’t have to go directly to bills or maintaining the household. You can find bonus money by picking up odd jobs around your neighborhood. You can also use your car to make bonus money with Uber, DoorDash, and other similar services. If you decide to look for ways to earn bonus money, make sure that it is going directly into your dedicated savings account.

If you are ready to start planning your family vacation and need some guidance about how much to save, contact us today for more information or to get started on your vacation plan.

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