4 Ways To Budget For a Family Vacation

Being able to take your entire family on a vacation is something that every family dreams about but not all of them are able to make it come to fruition.  It takes a certain amount of organization and making it a priority.

Let’s face it, expenses add up when you have several mouths to feed in a household.  Even though you may have every intention of saving for a trip one thing comes up after the other and before you know it you have a pile of things that need to be paid before you can afford any sort of leisurely trip.

All it takes is some prioritizing of what is important and what is not.  Here are the best ways to budget and make room in your life for a family vacation.

Pay Off Your Debts

First and foremost one of the biggest contributing factors to you being under a pile of things to pay is being in debt.  Take a look at what kind of interest you are paying on your debts and assess whether the best plan for you might be to make changes to have more money like refinancing your home, or take out a lower interest loan in order to better pay off your credit cards.

Once you push your debts to the side you can start focusing on having money straight out of your pocket and straight into paying for fun things rather than the money owed.

Stop Eating Out

Eating and drinking out is one of the biggest contributing factors to money going frivolously in places where it could be avoided.  Ask yourself if you really must have sushi every week for 20-30 dollars or if you think that you can make some changes like buying fish from the store and making your own at home for a small fraction of the price.

Instead of getting drinks out with friends, try buying a bottle of wine and inviting them over instead.  These small changes add up quickly and will save you a lot of money that you can use towards your vacation instead.

Simplify Your Life

Stop spending things on unnecessary things.  Take an inventory of the things that you buy on a daily basis and try to think of creative ways that you can eliminate that expense.

If you aren’t using your gym membership and never have, stop kidding yourself and save that $50 a month that you might as well be throwing into the wind.

Sell Unnecessary Items

It may just be time to have a garage sale.  Go through your house and take a look at things you haven’t used in a long time and have an honest conversation with yourself about whether you will ever use it again.

Is that treadmill ever going to be used for anything other than air drying your towels? Be honest with yourself and once you are, throw a garage sale and make some money!