30 Jun 2017   /   0 comments

How to Budget for a Trip

Paul

pexels-photo-60217It is officially summer which means it is time for some vacation planning. But you might be a bit worried about the finance aspect of it. Vacations can be needlessly pricey if you don’t plan them properly and budget according to what you can afford. Even if you are tight on finances right now, everyone needs and deserves a vacation. If you continue working long hours at your job without taking a break, it is inevitable that you will get burned out. By carefully planning, you can afford to go on vacation too. In order to help you out, we have decided to compile some advice on how to budget for a trip like a summer vacation!

Ever since we first opened our doors in 1994, we have been extremely passionate about customer service. We have gained our standing as the oldest title loan lender in California through our devotion to consumer education and lender transparency. Because of this we have been working incredibly hard to expand our website to include various resource pages that answer all our current or potential customers questions regarding title loans, financial planning, or vehicles.

We pride ourselves in our second-to-none customer service that has drawn thousands upon thousands of people to rely upon us for emergency funding when they are in need through Car Title Loans. But we love to help our customers in more ways than just the one. In this resource article, we will be going through the essential things you need to budget for and beware of in your spending while on vacation. If you need some great tips to afford the vacation you deserve, then you have come to the right place.

 

Things That You Need to Budget In:

  • Transportation to get to your destination
  • Transportation once you are there
  • Accommodation expenses
  • Funds for food and drinks throughout your stay
  • Souvenirs and gifts for family or friends
  • Emergency fund

Transportation Expenses

Will you be flying? Driving? Taking a train? This might depend on your destination’s proximity or your budget. However, there are always ways to find the cheapest way to travel whichever route you choose to take. Buy plane or train tickets ahead of time since they are far cheaper, the earlier you buy them. Additionally, you ought to always price comparison shop using helpful websites like Priceline. If you are driving and are a multi-car family, then use the car that gets the most mileage for every gallon of gas. No matter which way you choose, you need to allocate the right amount for getting to your destination and money for when you get there so you can get from place to place whether by taxi, Uber, or rental car.

Accommodation Expenses

Find the cheapest places that offer safe and comfortable lodging. You can use price comparison tools like Priceline for hotels as well or you can consider using Airbnb since there can be very inexpensive places to stay on there. Put aside that money and book your room earlier…as early as you buy your plane tickets as you might be able to find cheaper options before they are all booked up.

Food, Drinks, and Entertainment

Set an exact budget on what you want to spend daily on food, drinks, and entertainment so that you don’t go over. Every time you go on vacation, you just automatically relax so it can be easy to get carried away with the daily spending for a nice meal out or a concert. If you have a general budget and a daily spend limit on those things it will be far easier to keep yourself in check.

Souvenirs and Gifts

There will be plenty of things you want to bring home to remember your trip. You might want to buy postcards to send to your friends and family back home. And, of course, you can’t forget to buy gifts for all your friends and family as well. You don’t want to arrive home empty handed. Establish a strict budget of what you can spend on souvenirs and gifts to take home with you. And stick to it!

Emergency Fund

You never know what can happen especially when you are traveling so it is vital that you prepare for the worst and have a substantial emergency fund available to you. If your car breaks down or you miss your flight, you need some sort of coverage. Set aside that money and don’t use it unless it is necessary.

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