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Financial Accounting; Summer Vacation Savings

You don’t have to spend your life savings on your summer vacation in order to enjoy your time off. You have plenty of ways to SAVE money not only BEFORE your vacation but DURING it as well. And once you return to work, you shouldn’t have to worry about paying OFF your summer vacation. Our most important suggestion for you: pay for your trip in FULL so that you can enjoy your trip to the fullest, both before and after.

Financial Accounting; How You Can Save and STILL Enjoy your Vacation

  • Lodging

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Hotels account for more than half of your vacation budget, limiting your stay and your allowance for souvenirs and unique experiences. But what’s becoming more and more popular is what’s known as alternative lodging; affordable stay in private homes. Check out Airbnb.com for an example of what we’re talking about.

  • Befriending

Family vacations are one of the most enjoyable trips of the year, but have you considered inviting another family along to split expenses? It’s possible you’ll be able to stay longer than originally planned if you go halfsies.

  • Budgeting

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We’d all like to think “the sky’s the limit” when it comes to vacationing; we want to say YES! to each suggestion for every restaurant, every iced drink, every beach, every outing, every movie rental. The list is endless. So before you leave for your trip, determine specific financial goals that you can stick to along the way. We suggest setting aside about 10% of your planned budget for emergencies in case something goes wrong.

You deserve to have a peaceful vacation this summer without the stress of worrying about finances. Follow these simple suggestions and you might be able to save more than you realize. Feel free to call us with any budgeting questions or financial accounting and set up insurance to protect your possessions during your travels.

 

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