I have been asked quite a bit recently how we manage to save for our summer vacations. We travel so frequently as a family of six and have already done 2 summer vacations. Just getting back from our trip to Puerto Vallarta had a few of my friends telling me how jealous they were. Guess what? Traveling is not out of the question, you just have to plan and save for it. Here are five things we do in our everyday life to plan for our next summer vacation.
Tips for Saving for a Summer Vacation
I look at vacationing as an essential part of raising our children. There are so many life and lessons and memories to be made on vacation. After all this is the main reason we decided to homeschool our children. I always imagined the hands on approach we would take as parents and our dream is a reality. We still go out to eat, go shopping, buy the kids toys, we have just learned to not over spend.
Start a Vacation Savings Account
Start a savings account dedicated to vacationing. This will be where you dump all of your dream vacation money. My husband and I commit to adding 10% of our earnings into this account. This may not sound like a lot, but it adds up. We also have a nest egg account and an emergency fund. If you plan ahead where your money is going this is easy to attain. Then the money left over you can learn to budget with. Any unspent weekly budget money will also transfer into this account. For the kids we have a jar in the kitchen where everyone puts all the loose change they find. Once it is filled we take it to the bank and donate it to our vacation savings account.
It’s been ten years since I’ve had a credit card, no credit cards means I don’t have tons of debt. Even if you do live off of credit cards, challenge yourself to cut down. Taking on a cash only approach has helped me maintain my spending habits. I can’t spend what I don’t have accessible in my bank account. Next time you want something, ask yourself if you can pay cash for it, if you can’t do you really need it? Cut up the cards and start working to paying off their debt faster.
On top of a cash only spending habit, I have a weekly budget for spending. Groceries, eating out and spending money all come out of my weekly spending budget. I make it a game to not go over budget and have cut costs and saved more money than ever. For example every week I have a budget of $150 at the grocery store, this amount fairly easy to attain for my family. We even go under the budget some weeks. Last week I managed to meal plan very simple and inexpensive meals. This allowed me to have a total grocery bill of $80. That meant the rest of the $150 went into the vacation savings account.
Don’t let coupons scare you. Saving just $2 this week on Luvs Ultra Leakguards diaper packs allows us to save even on essentials we need. Keeping an eye out on print-at-home Luvs coupons before I shop is an easy and painless way to save for our next vacation. I use coupons and plan for my week so that I can put any unused weekly budget money into my vacation savings account. Print-at-home this Luvs coupon $2 off any one diaper pack. On top of the $2 Luvs coupon that I can use at any mass, discount, or grocery stores where Luvs Diapers are sold, I also watch for any deals on Luvs at my favorite stores.
Write Down Your Spending
Keep a log of your spending habits and save receipts. Challenge yourself to cut costs in different places when you can. I cut out spending $50 a week when I budgeted my meal plans. I have a list of meals that cost us under $10 for a family of six. I ask the family for input on what they feel like eating and we are able to eat what we love and stay way under budget.
Vacation Shop Like A Boss
Be flexible with where you want to travel and when. We keep our eyes out for vacation deals, flights that are hugely discounted and try to stay away from peak times. We also shop around and have a few friends that share deals they find also.
Luvs are the official diaper of experienced moms. Being a huge fan of saving money, I rely on Luvs because they are softer and more absorbent than. The large stretch tabs and ultra-leakage protection keep the leaks and diaper blowouts away. You also gotta love the money-back guarantee, I feel confident buying diapers that aren’t afraid to guarantee their product. They cost less and work perfectly.
Luvs coupon $2 off any one diaper pack
Do you have a summer vacation planned already? Where are you going? We still have our beach road trips planned for next month.