US EditionHow Not to Overspend on Your Summer Vacation
IREDELL COUNTY, NORTH CAROLINA, JUL 10 – Experts recommend monitoring travel prices months in advance and using credit card rewards to reduce costs, with midweek flights saving about 15%, Hopper reports.
- Experts advise planning vacations carefully to control spending, with reservations and advance preparation recommended for activities and dining.
- This guidance stems from concerns about overspending on summer trips and the risk of returning home with credit card debt.
- Travelers can save roughly $45 per domestic ticket by flying midweek and should expect 20% to 23% higher lodging costs when checking in Friday or Saturday with Sunday stays.
- Financial experts recommend having funds to cover three to six months of expenses and suggest saving 10% to 15% of pretax income annually to prepare for unexpected costs.
- Following these steps could help maintain financial goals while enjoying summer travel without accumulating harmful debt.
61 Articles
61 Articles
Saving money and vacations don't usually go well together, but there are ways to enjoy a summer family vacation by the sea without breaking the bank. The main ones include being flexible about your destination and dates, but it also depends on how you set the rules and prepare in advance.
InsideNoVA.com
7 Ways to Keep the Summer Spending Craze Under Control
Summer’s spending temptations abound: Longer days, travel and camp for kids are just a few of the places our money ends up during the warm months. “We have expenses in summer that we might not have the rest of the…
The Quad-City Times
How not to overspend on your summer vacation
Current reports tips to avoid overspending on summer vacations, including budgeting, monitoring travel costs, and using credit card rewards.
If you're planning on traveling this summer, it's a mixed bag. When it comes to travel expenses, I have good news and not-so-good news.
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