Now that winter has come and gone, many of us are already looking forward to spring and summer vacations! After months of cold weather keeping us indoors, we want to be relaxing on a beach somewhere in the hot sunshine. However, this may only be a daydream for those who are struggling financially in the new year. If you’re short on cash, but need a vacation, we offer six tips for traveling on a budget.
1. Research Airline Flights
Everyone has a theory about the best days and times to book an airline flight. A 2017 study by Expedia and the Airlines Reporting Corporation concluded that Sundays are the best time to do your flight research. Yet, rather than driving yourself crazy comparing prices and competing with other travelers, simply plan ahead and book your flight as early as possible.
2. Consider Renting a Property
Should you book a hotel or rent a house? For vacationers, there are many benefits to both! In a hotel, your bed is made and fresh towels are delivered to the room for you, but you can pay very expensive rates for quality service. When you rent a property, there is more space for the guests, but it may not be a practical choice for a short stay. However, in terms of saving money, a study conducted by HomeAway Inc. revealed that rental costs can be 50 to 80 percent less per square foot than the average hotel in a popular vacation spot.
3. Plan and Budget Ahead of Time
For a spontaneous person, creating an itinerary for each day of your vacation may take some of the fun out of the trip. However, preplanning your activities and meals can help save you money in the long run. In your research, you might find that a certain museum or zoo has discounted prices on certain days of the week. Although the savings might seem minor on the surface, these discounts and meal coupons can add up quickly!
4. Take Advantage of Rewards
If you’re able to find a well-rated hotel with decent rates, become a member! It may take a few stays to start building up rewards, but hotel loyalty programs come with many perks for travelers. Whether it’s a free night in the hotel, future air miles or discounts at local area shops and restaurants, customer loyalty programs are the gift that keep on giving!
5. Cut Corners
Another key to traveling on a budget is to pack light – why bring your own toiletries when a hotel will have shampoo, conditioner and soap? Other ways to cut cost corners include:
- Use Groupon: Save on meals, spa treatments, shopping and more!
- Grocery Shop: Avoid eating out every meal and pack snacks for the beach and exploring.
- Pass on Souvenirs: Create memories with photos, as opposed to expensive keepsakes.
6. Set Up a Vacation Club Account
Our Vacation Club Account takes the stress out of financial planning! When you open this savings account months prior to your trip, you can make contributions when it’s convenient for you. Come vacation time, we’ll mail you a check for your account balance!
If you’re planning a vacation on a budget, contact the professionals at Ion Bank to help you reach your savings goals!