Advertisement

How to Save for a Dream Vacation

by , SmarterTravel Staff - March 3, 2014
Piggy Bank on Beach with Chair and Umbrella (Photo: Shutterstock)

(Photo: Piggy Bank on Beach via Shutterstock)

We all know the feeling of Orient-Express taste on an AirTran budget. You want to take that dream honeymoon or long-awaited family vacation, but you don't know how to start saving—and the price tags seem daunting. We sought some answers from budget-living expert Melissa Massello, founder of ShoestringMag.com. From setting budget goals to finding alternative sources of cash, there are countless ways to make your dream vacation a reality. Here are seven helpful tips for budgeting for that bucket-list vacation.

Advertisement

Set a Price Point

This first step can be the most difficult part of trip planning, because many people (according to Gallup, a full two-thirds of the adult population!) don't keep or create a household budget. But you have to start somewhere, and you should never plan a trip without money in mind.

Closely and frankly examine your finances as well as your travel partner's. Decide how much you can realistically save in a predetermined period of time. For instance, if you know you can save $50 per week, you'll also know that you'll have $2,600 toward your vacation in one year's time. If you can stretch that to $100 per week, you'll have more than $5,000. Once you have a number on paper, then you can decide on a savings plan. If you discover that your once-in-a-lifetime trip is going to cost twice what you can save, you'll need to adjust your budget or your timeline.

Read the Entire Story: How to Save for a Dream Vacation.

Follow Dara Continenza on Google+ or email her at editor@smartertravel.com.

 
 
Find Related Stories: Dara Continenza, destination
Read comments or add your own insight!
Please enable JavaScript to properly view and use this web site.