Finance Globe

U.S. financial and economic topics from several finance writers.
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Does Vacation have to Cost that Much?

As summer wears on and you begin to dream of days spent on the beach, it may not be long before you are planning a trip. While a vacation may be something you want, it may not be something you can afford. Or can you?

Many people believe that taking a vacation will cost them an arm and a leg, regardless of the destination or the finer details. There may be trips that fit this mold, but there are also those that are more affordable.

If you are of the belief that every trip will drain your bank account, consider these three tips:

1. Choose your destination carefully. There is a big difference between flying the entire family to Hawaii and driving to the closest beach. In short, the destination has a lot to do with how much you spend. If you are able to drive, as opposed to flying, you should be able to save quite a bit of money.

2. Don’t eat out. You are already spending enough money getting to and from your destination and on accommodations. Do you really need to eat out every day you are gone? When you cut this out of your budget, don’t be surprised to find yourself saving hundreds upon hundreds of dollars.

3. Opt for free activities. Before choosing a destination, make a list of all the things there are to do in the area. If you find it lacking free activities, it may be time to change your approach.

Note: beach vacations can be among the cheapest, because it doesn’t cost anything to play in the sand and ocean.

If overspending on vacation is a concern, the tips above should help you save some money. As long as you are open to a variety of ideas, you can take a nice trip without feeling guilty about the cash coming out of your pocket.
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Monday, 19 August 2019

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