5 Ways To Afford Your Dream Family Vacation
Going on vacation with your family is the number one thing you want to do this summer. There’s nothing like seeing the sights in the morning and lazing around the pool in the afternoon with the people you love. Of course, not everyone is lucky enough to be able to afford the pleasure. Forking out for a family to visit the likes of Europe or the Caribbean is going to break the bank, and you just don’t have the money.
But what if you did?
Although it sounds like a pipe dream, the truth is that it’s possible as long as you trust in a couple of tried and tested methods (such as a monthly budget template). And, this post has rounded them up for your information. All you need to do is continue reading to find out how to board your family on the next plane to paradise.
Start Collecting Air Miles
Think of air miles as another form of currency. You can even spend them in stores and exchange them for goods and money. That’s how lucrative there are, and airlines and hotels are handing them out like candy. As long as you buy products with a specific card, you can use your rewards to buy a selection of standard seats on any plane going to any destination.
The key is to sign-up for a credit card that gives you air miles in return for your purchases like the preferred rewards gold card by American Express. Another tip is to watch out for promotions that offer air miles, too.
However, don’t split them up because they take longer to accumulate. Stay loyal to one card or promo and stack them up as quickly as possible.
Check Out Low-Fare Sites
Lots of websites cater to people who want a champagne lifestyle on a lemonade budget, and you should use them to your advantage. Probably the most popular one among travelers is Skyscanner. Skyscanner brings up the cheapest flights depending on a variety of options; for example, it takes into account the number of stops. If you want cheap no matter the cost, you can fly for 15 hours and stop-off twice at half the price.
Also, it’s a good idea to use the “month” filter on airline websites to figure out which one is the cheapest.
Skyscanner is mainly a website which deals in single and return flights, so you might want to use Expedia to book a package deal. Don’t forget about Expedia’s 24-hour refund policy, too.
Debt is the main reason people can’t do what they want in life. There is always another bill to pay and not enough money to go around. If you’re unlucky to have multiple bills to pay, it can seem suffocating and prevent you from going on a solo holiday, never mind paying for the whole family.
But, it’s important not to see it as a death sentence because debt is flexible. Transferring the balance of one credit card to another that is 0% interest on balance transfers, for example, is a safe option. Payday loans are too, and you get approved today and have the money in your account the same day.
By consolidating debt into a single payment, you save money on interest and late fees and, therefore, have more to spend.
Act Like A Local
Tourist traps are expensive because, well, they cater to tourists. Locals won’t put up with the extra cost, and neither should you. And, there is no need to as long as you follow them to the low-budget hotspots.
All you need to do is choose a destination and then pick a hotel in an area that isn’t commercialized. With the help of public transport and Uber, you won’t be further than ten minutes away from the center of town yet you’ll pay considerably less.
Sweat The Small Stuff
Little things add up and cost a significant amount on vacation, so the key is to sweat them to stop them from getting out of hand. How? You can start by eliminating the transaction fees on your payment cards. Switching to a bank that allows you to withdraw money for free, or a special holiday card will save you up to $100.
Don’t pay for data or wifi either. There are plenty of free spots even in foreign countries, and they don’t mind you hunkering down for an hour or two as long as you buy something. Yes, that means Starbucks and McDonald’s! Alternatively, you can switch to a plan that allows you to use your data abroad as it does at home.
Be frugal and think outside of the box and you can afford anything, including a family vacation.