5 money saving tips for planning your next vacation
Going on vacation can be a nice escape from reality. Visiting somewhere new and exciting with your loved ones is also a great opportunity to create lasting memories. However, all of the costs associated with taking a vacation can really add up. Because things can get a little pricey, here are some tips to help you get the best deals, no matter what your destination is:
1) Take your vacation during the off-season.
- Taking a beach vacation in May or late August can save a lot of money. Typically, June, July, and early August are the peak season for tourists headed to the beach because those are the hottest times, also when most schools are out for summer vacation. Going just before or slightly after the busy season, can save you hundreds of dollars and, many times, the beaches are less crowded.
- Save at Disney in September and October. Taking a vacation to Disney during Autumn will save you hundreds (maybe thousands!) of dollars, depending on how long you stay. While you won’t really save on tickets to the part itself, you can save BIG on accommodations. During this time, you can save 50% or more on hotel rooms that are $400-500/night during peak season. The parks are less crowded during this time as well. Undercover Tourist is an app that also gives you an idea of events going on at each park, and based on historical data, it estimates how crowded the park will be on the days that you are looking to visit.
2) Know the cancellation policies.
Whether it be your airline or hotel, make sure you know the cancellation policies. If someone were to get sick or some other reason arise that your family cannot go on vacation, you certainly don’t want to be stuck paying for it. Many times, hotels allow guests to cancel within 24-48hours without any penalty. For airline tickets, it is well worth the small fee per ticket to be able to get a refund. It can literally save you thousands of dollars if your entire family is planning on flying.
3) Avoid holiday travel.
Vacationing during almost any holiday, whether it’s Labor Day or Christmas, can cost you extra. More people are off work during these times and kids are off school, so more people are travelling, which means paying a premium.
4) Visit the Chamber of Commerce or other visitors website of your chosen destination.
Many times, you can find out about free festivals, children’s activities, or local tourist attractions that are inexpensive. Here is one example of such a website for Myrtle Beach, SC. You can also do a search for local restaurants on Restaurants.com to find money-saving coupons on dining. Doing a little research ahead of time can save you a lot of money once on vacation.
5) Don’t buy “necessities” on vacation. Most of us remember to pack toiletries when going on a trip, like toothpaste and deodorant, however, it is also important to remember to take the less essential necessities:
- Beach/warm weather destination—take sand and water toys for the kids with you. Yes, this is just more stuff to pack, but once you get to the water, your kids will love playing in the sand with their buckets and shovels. Don’t forget arm floaties, sunscreen, sunglasses, water shoes, or goggles for the pool either. These items may not seem significant, but if you end up having to buy them once you get to your destination, it will cost a lot more than getting them at Walmart or the dollar store.
- Skiing/cold weather destination—don’t forget gloves, hand-warmers, long underwear, wool socks, and even sunglasses for the slopes. If you have to buy these items at a specialty shop, you will end up paying a huge premium.
This article was originally published on my Personal Finance Examiner page.