How to Save Money on Your Summer Vacation
Non-profit credit counseling agency Take Charge America offers tips on
planning a memorable vacation on a budget
PHOENIX -- April 25, 2013
The temptation to overspend can be great when planning a much-needed vacation.
However, a hefty credit card bill following a few days of R&R can cause even
more stress when returning home.
Mike Sullivan, chief education officer for Take Charge America, a national
non-profit credit counseling and debt management agency in Phoenix, says
consumers can create memorable, budget-friendly vacations with some careful
planning. “Create a vacation budget first and foremost. While transportation
and lodging represent the biggest expenses, you also need to account for food,
drinks, souvenirs, recreation and anything else you could spend money on. We
get into trouble when we underestimate our costs.”
Sullivan offers six tips to help consumers save more when planning summer
*Comparison Shop – Compare travel packages with hotels or airlines
directly, and with travel deal sites such as Expedia or Priceline. You’ll
get different deals depending on the season. Also seek out AAA and AARP
discounts, as well as additional perks such as free breakfast and Wi-Fi.
*Consider All-Inclusives – All-inclusive resort and cruise packages may
include everything from lodging and transportation to food, drinks and
tips. These are excellent options for money-conscious travelers who want
to make it easy to abide by a budget.
*Plan Far in Advance… or Procrastinate – Airlines, hotels, cruises and
travel deal websites offer deals for travelers who book their vacations
far in advance or wait until the last minute.
*Be Flexible – It’s easier to find discounted travel packages if you are
flexible with dates and times. Consider taking a red-eye or booking your
flights mid-week. Avoid holiday weekends, if possible. Also look into
hotels or airports slightly off the beaten path. A little extra driving or
walking can save a few hundred bucks.
*Jump on the Bandwagon – Travel in a large group with friends or family to
take advantage of group discounts. You can also split the cost of gas,
food and entertainment. If you can’t afford to pay for lodging, stay with
friends or family in another part of the country (offering reciprocal
accommodations in your hometown). They should have tips on tourist and
local hotspots, too.
*Budget Year-Round – If you save for vacations throughout the year, you
won’t feel the pinch when you’re ready to take time off. Consider setting
aside a small amount of money each month in a “vacation fund.”
About Take Charge America, Inc.
Take Charge America, Inc., a non-profit financial education, credit
counseling, housing counseling and debt management agency, is dedicated to
helping consumers nationwide improve their financial futures. Founded in 1987,
the organization has helped more than 1.6 million consumers manage their
personal finances and debts. To learn more, visit www.takechargeamerica.org or
call (888) 822-9193.
Andrea Aker, 602-339-7339
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