Making every penny count: smart budgeting strategies for dream family vacations
However, when it comes to budgeting and planning we realise how daunting a task this can be, especially when you have to keep the multigenerational needs in mind.
But fear nothing, because with some smart strategies and planning, you can turn your holiday of your dreams into a reality, and that too without having to dig deep into your pocket.
Research expenses well in advance
The first step to budgeting a family vacation is to research the costs associated with the destination you are heading to. Consider everything from modes of travel(train/flights/cruise), accommodation food and activities. Read a travel guide to get an idea of the costs for each item.
This research will help in identifying any peak-season variations in case you have the flexibility to travel during the more cost-friendly shoulder season.
Explore mode of travel alternatives
When it comes to traveling to your destination, you may have several modes to consider. Instead of booking costly flights and airport transfers, a family cruise vacation can be an extremely cost-effective option.
Cruising not only eliminates the hassle of packing and unpacking, you can explore multiple destinations in one trip and enjoy age-related exciting activities onboard to keep all group members happy.
Consider all-inclusive package deals
Daily expenses can add up very quickly on a land-based vacation and put strain on the family budget. Instead, by opting for an all-inclusive package, like the ones cruise lines offer, the cost of the trip is covered in your ticket and you pay nothing besides the one-time upfront price.
This package is perfect for families as it covers everything from transfers, food, stay and advantage of all onboard amenities, while opening both your wallet and bags only once. However, make sure what is included in your package and if there is anything you may have to shell out later on.
Consider open travel dates for flexibility
Flexibility with travel dates can make a significant impact on your family vacation budgeting as tour operators often adjust the prices depending on demand. Traveling in the off-season and avoiding weekends can secure significantly lower rates. Monitor price fluctuations on the website and book only when you find the time and price favorable.
Also, if you need to change plans at the last minute, you can take advantage of last-minute discounts. Here also a cruise is value for money as cruise lines offer deals to those who wish to travel spontaneously in order to fill-up their unsold cabin rooms.
Establish a daily spending budget
Establish a daily spending budget and make sure you stick to it if you don’t want to go overboard with your expenses. Keep track of your expenses from time to time to avoid exceeding the limit.
You can consider taking help from budgeting apps or from a travel journal to record your spendings and keep your budget organised. If you find you are spending more on a certain item, adjust your budget by spending less on other things to prevent funds running out prematurely.
