Jun 032015

Budgeting For Your Dream Vacation

Posted on June 03, 2015 Uncategorized

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Prior Proper Planning

When planning out a dream vacation you have to begin with a targeted vacation price point. Research your destination to estimate your trip. Then meet with your travel partner and decide on a realistic number on paper. Next coordinate a savings timeline to reach your goal. For example saving $100 dollars a week will accumulate to $5400 in one year’s time.

Tried and True Travel Tricks

Flying Wednesday to Wednesday is one of the great travel saving tricks that always works. Every airline incorporates dynamic pricing with tickets that increase in cost according to availability and distance from the weekend. To get the best airfare price, book 3 weeks or more ahead of time and if you can travel from Wednesday to Wednesday you will be hacking the airline pricing algorithm to get the most affordable airfare tickets available. Simple choices like cutting out the drinks during meals can lead to dramatic travel savings in the long run.

Saving Every Day the Modern Way

Technology has made saving easier over the years. Smartphone apps like Mint, GoodBudget and Pocket Expense can help you turn into a computer-enhanced budget master. A little bit of web surfing can go a long way. The internet overflows with great money-saving date ideas from websites or you can just search your city name followed by date ideas. Lifehack.com put together a nice list of great affordable date ideas here and sites like Funcheapsf organize tons of available fun and discounted/free events for the Bay Area. Most people are hemorrhaging cash in everyday expenses and don’t even realize it. Technology is a powerful tool that can help keep you on track towards your dream vacation fund. When it comes to everyday savings, $5 dollar Macchiatos and $25 fitness classes are a couple of common splurges that just end up draining from your dream vacation fund. When you look at your spending in an itemized and pie-chart format, you can begin identifying costs that can be cut to put you closer to your travel goals.

“To get the best airfare price, book 3 weeks or more ahead of time and if you can travel from Wednesday to Wednesday you will be hacking the airline pricing algorithm to get the most affordable airfare tickets available.”