You want an affordable family holiday but don’t want to turn it into National Lampoon’s Vacation? For a household on a budget, the idea of a great family vacation might seem out of reach. Read on for the best tips for planning a budget family vacation no matter how tight money seems to be.
The American Autoclub estimates that a family of four might look to spend at least $244 per day for meals, travel and lodging costs. And that figure doesn’t include entertainment or shopping.
As usual the best way to plan a budget family holiday is to start with a look at your resources and how much money you have available. You need to budget realistically. If you’re driving, set a fixed spending amount ($170 per day for example) and stick to it. Include all your expenses like gas, meals, admissions and an entertainment/special activity allowance.
Involve the whole family in the process. Tell your kids how much you have to spend and why. Most children will understand, and might even relish the challenge. It is also a great way to teach your kids the value of money and sensible budgeting.