Whether it’s skiing in Colorado, seeing Big Ben, or bumming it at the beach, we have to find a way to come up with the funds for our travels. Below are some tips to help you get started:
- Set a budget! A good rule of thumb is to budget $150/person per day of the vacation. So if you and your spouse are going on vacation for 4 days, your budget comes to $150 x 2 x 4 = $1,200. Of course this depends on where you travel to.
- Open a dedicated savings account specifically for your trip, and start with a weekly transfer of $20! Start saving 12 months before your trip and don’t tap into it for any other reason!
- Look into additional ways of saving on the vacation, such as Groupon deals, hotel loyalty programs, credit card points for flights, traveling during the off season, etc.
Let us help you set up a savings account for your dream trip! London, here we come!