How was your summer vacation this year?
Did you spend it working all day trying to make ends meet?
Were the kids at the babysitter’s house more than their home?
What about your kids?
Is all you heard “I’m bored. When can we do something fun?”
Start planning your next summer vacation now.
First – Create your budget. Be realistic. How much can you scrape up between now and next summer?
Set your budget goal. Break it down over how much time you have to save. How much per month? How much per week? You will either need to earn that much more or save that much more from your current monthly budget.
Whether your budget is large or small, you will also want to have an emergency fund for your vacation fund. Think of the unexpected. What if your car breaks down while you are several hours away from home. Will you have enough for repairs? A rental car if a complete car-disaster happens. Or an emergency medical bill due to an allergic reaction to a bee sting. Or a few small inconveniences.
So start to think of how much overtime you will need to work. (be thinking who will take care of the kids during this time)
Can you cut back on some things throughout the year? (do you need to eat out for lunch or dinner every other day)
Can you pick up an extra part time job at Christmas time? (and not spend it all on presents)
If you have bunch of “extra stuff” in your garage or attic, you could have an early summer garage sale. (I love this idea)
Start to think about all of the ways you can save up a nice budget for your next summer vacation.
Next Summer Vacation Planning post will be about location.
Do you have enough to fly, or drive?
Do you have to stay local, or can you travel a small distance, maybe a few hours away?
Or do you want to work on a long distance vacation?
The further away from home, the more planning and prep work you will have to do, and the more money you will need.
Please post any questions or comments you may have.