How to Maintain a Budget on Vacation

It’s not easy to keep a budget on track, especially on vacation. Saving up might be easy, but once you’ve saved for the vacation of your dreams, temptations set in and the impulsive buyer takes over. There’s restaurants you’ve never tried, gift shops with souvenirs you’ve always wanted, and endless shopping districts that want to suck your money away from you.

Discussing vacation savings is a huge thing–we all do it, but what about that point when you have to maintain a budget on vacation? How do you do it exactly? The key is all in the planning. It’s difficult but there are few key things that you can do to stay on track and not overspend on vacation.

Plan out how much you intend to eat each day and where. Can you afford to eat out for breakfast every day, or should you bring breakfast on vacation, like bagels and granola? Should you eat out at fancy restaurants every day or mix it up a bit? Or is fast, inexpensive food going to be the way to go? These are the types of questions you need to ask yourself. Depending on the amount of people going with you on vacation, set aside a specific spending amount for each day. Maybe don’t eat out for breakfast, and eat in the hotel room. Then, have a quick lunch at a deli, and a eat at a nice restaurant in the evening. Regardless of what you choose, planning will be your life saver.

Look up restaurants before you go, and price them out. Choose what will work best for your budget. Always remember, if you’re choosing a dine-in option, you’ll want to include the tip in your budget. Can you afford it? If not, choose something less expensive and quick.

Set aside money for souvenirs. There’s nothing worse than blowing all your hard-earned cash on souvenirs. Set aside a decent amount of money to spend on shopping. Rule of thumb is typically no more than $50 per day, but it depends on what you have your heart set on. Souvenirs get expensive, so brace yourself.

A major component in this is to remember that you’re going to have to bring whatever you buy on vacation back home with you. If you’re flying, be prepared for extra charges if your checked luggage exceeds the weight limit. Factor this into your budget, as well.

Limit your days to one attraction (or less). Be smart. Don’t over do it with spending hundreds of dollars a day on attractions. You might break the bank, and be exhausted later for it. While you should visit all a fair amount of attractions that you destination offers, you should consider inexpensive locations, like a public beach. These are free and will save you a day on spending a lot of money.

About the Author: Mallory is a guest contributor from Our Finesse Collection, a travel service with a hand-picked selection of the most exclusive luxury hotels and resorts.


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