How to Budget on Vacation (2024)

It’s summer, which means vacation time is here and thriving! If you’ve started to budget for your vacation, you probably know that vacations are pretty expensive in general. We’re planning a trip ourselves, and I wanted to share a few tips on how to budget on vacation, because there are ways to cut costs and save in certain areas to be able to splurge for others!

So, pack your bags, and get ready to have fun AND save!

These are some pretty simple ways to budget effectively while on vacation, that anyone can implement, and that will allow for more spending money and more fun!

How to Budget on Vacation (1)

How to Budget on Vacation

Eat in Your Room!

First, instead of eating out for every meal, grocery shop and keep groceries in your hotel room. This is a huge money saver! Avoid the grocery store and have groceries delivered to you with Amazon Prime Fresh Store (in select cities)!

How to Budget on Vacation (2)When creating your budget, it’s easy to forget that you need to eat while on vacation, leaving you to eat out the entire time you’re vacationing. Eating out for every meal, especially with kids, adds up really quick! If you plan on eating out, plan which meals you’ll splurge on and eat out for. This will help if you have a plan and don’t spontaneously decide on meals, which will ultimately cost more money.

Want to eat in your room, but don’t want to cook? Get your meals delivered by Amazon Prime Restaurants(in select cities). Restaurants you’ll love, delivered by Amazon!

How to Budget on Vacation (3)

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Pick a Cheaper Room

Next, you have to decide what you want from a hotel room. Often times, you spend the entire day out of your room exploring and sightseeing. So, is it really worth it to splurge hundreds on a hotel room that you’ll only be in to sleep? Probably not. If you plan on spending a good deal of time in your hotel room, especially if you decide to eat all your meals there, it might be worth it to get a nicer room. If not, get a cheaper (but still decent) room and save some of that money for your actual vacation budget.

Save Energy While You’re Gone

Another thing that often gets overlooked is things back home while they’re on vacation. For instance, if you normally have your AC blasting, turn it up while you’re gone so you’re not using as much electricity for the duration of your vacation. Make sure all lights are turned off in the house, doors are properly closed to avoid drafts of heat or cold air, and all unused electronics are off and unplugged. This doesn’t make a difference immediately for your vacation budget, but it will help your overall budget! A thermostat that can be controlled remotely is great for when you leave and forgot to turn things down!

Use Deal Sites to Save

You can also save by using deal sites. Sites like Booking.com, Groupon, and Living Social can save you a ton of money. Just enter the city you want to travel to, and browse around. Be sure to read the fine print for expirations and limitations.


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Follow these simple tips to cut costs in your budget, that way you can incorporate more fun in your vacation! After all, who doesn’t love extra spending money and fun?

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About Virginia

Hi there! My name is Virginia, and I am the author/owner of That Bald Chick. I am a Christian, wife, mother of three, full time homemaker, homeschooler, and ministry volunteer in addition to being a blogger. In my free time *cough* I enjoy reading, writing, taking walks with my family, and listening to music.

Reader Interactions

Comments

  1. How to Budget on Vacation (8)Robin (Masshole Mommy) says

    I never spend a lot of hotel rooms because like you said, we are only there to sleep!

  2. How to Budget on Vacation (9)Cyndi says

    Great tips, especially the hotel room. We’ve began getting hotels with kitchenettes when we travel, to avoid the high cost of eating out.

  3. How to Budget on Vacation (11)Debbie L. says

    Great post…if I don’t watch it vacation spending can get out of control. We always take snacks and eat at rest areas…the kids and I need to run free for a while. I always give the kids a $$ limit upfront for them to spend – that really helps keeping the “Can I have this?” to a minimum.

  4. How to Budget on Vacation (12)Tammy says

    When flying, I’ve found it, usually, cheaper to book directly with the airline. Whenever possible I fly SW. My brother & I have a timeshare, so in the long run (after it’s paid off) we’ll almost always have somewhere free or cheap to stay.

  5. How to Budget on Vacation (13)Kay Adeola says

    We always do our best to get the best prices On everything when traveling,I like to pack snack and drinks so the kiddies do not need us to grab food on the way as its always much more expensive.Great post.

  6. How to Budget on Vacation (14)Erica says

    Your first tip is a great one! I look for places with kitchenettes so that I can shop and cook some easy meals to save money!

  7. How to Budget on Vacation (15)Krystal says

    We are about to go on vacation now. It is so important to plan ahead!

  8. How to Budget on Vacation (16)Liz Mays says

    When we traveled as kids, we ate breakfast and lunch with our own supplies. For dinner we ate in restaurants. I’m sure it helped my parents’ budget immensely.

  9. How to Budget on Vacation (17)Kathy says

    Not eating out is a huge money saver! Great tips!

  10. How to Budget on Vacation (18)Jaime says

    We’re staying in a condo this summer, rather than a hotel, so we can cook most of our meals. We also like to buy tickets for places in advance, so that we can save some money (our credit union often offers discounts on various attractions!)

  11. How to Budget on Vacation (19)Krystyn says

    Thank you for the groupon reminder! I actually have a giftcard to there I need to use!!! I try to remember to change our AC before we head out, too!

  12. How to Budget on Vacation (21)Elizabeth says

    This is very helpful! I need to stay more in tune with my budget when on vacation!

  13. How to Budget on Vacation (22)Jenn says

    Thank you for sharing your budgeting tips! We are beginning our family vacation next week and I need all the budgeting help I can get!

  14. How to Budget on Vacation (23)Janell Poulette says

    I hope we can take a vacation this summer. These tips should help us save money.

  15. How to Budget on Vacation (24)MommaDJane says

    Great tips. Next week we are going to the beach and sharing a condo with some of our extended family members. We each plan to bring some groceries and prepare meals at the condo during our down time from swimming and fun. We should save a lot of money this way instead of eating out at restaurants, plus there is more time for the kids to play. Every time we leave our home we turn the AC up so it doesn’t keep the house too cool while gone and make sure all the lights are off.

  16. How to Budget on Vacation (25)Brett Martin says

    Great tips! I love the “not eating out” tips. Eating out sucks up soo much cash.

  17. How to Budget on Vacation (26)Carly Bellard says

    Thanks for the tips! We are heading off on a mini-vacation soon and these will come in handy!

  18. How to Budget on Vacation (27)Christie says

    We always stock up on bottled water at the store and buy snacks! HUGE money saving tips, thanks!

  19. How to Budget on Vacation (28)StacieinAtlanta says

    We always look for vacation or condo rental deals. It is often cheaper than a hotel, you have more room, and you have a working kitchen. That means you can make proper meals that satisfy everyone and save you money.

  20. How to Budget on Vacation (29)Tess says

    We are planning a road trip soon! These are helpful tips!

  21. How to Budget on Vacation (30)Melinda says

    i hate spending too much money on hotels. It’s such a huge money such

  22. How to Budget on Vacation (31)Veronica says

    vacations can certainly add up. to save and still have fun

  23. How to Budget on Vacation (32)Ann Bacciaglia says

    Great tips! I am travelling this summer and already thinking about how i am going to budget and save for my trip.

  24. How to Budget on Vacation (33)Angie says

    Love the tips! I love to travel and I’ve been doing it a lot more recently so I love all the travel tips I can get!

  25. How to Budget on Vacation (34)Ajackedpuppeach says

    Great tips! Traveling with kids is very hard and expensive. These are great tips. We try to find a place with a kitchen so we can prepare two meals per day.

  26. How to Budget on Vacation (35)Ashley M says

    These are great tips. Our family vacations always require extensive planning so that I can stretch our dollar as far as possible.

  27. How to Budget on Vacation (36)Lisa says

    These are great tips! We often forget about our favorite “local deal sites” when we are traveling!

  28. How to Budget on Vacation (37)Becca says

    Great tips! We always pack snacks and use deal sites to save money while vacationing.

  29. How to Budget on Vacation (38)Emily says

    We have to have a fridge in the hotel now. Especially with the kids!!

  30. How to Budget on Vacation (39)Cam says

    Great tips! We are in the process of planning our trip now. So much to consider, especially when traveling with our babies!

  31. How to Budget on Vacation (40)Debi says

    I do really well with my budget until vacation time. Then I seem to lose it.

How to Budget on Vacation (2024)

FAQs

What is a realistic budget for a vacation? ›

How much does the average vacation cost? The average vacation for one person in the United States costs about $1,986 per week. A vacation for two people will typically cost around $3,971 per week. How much does the average vacation cost?

What is the best way to create a budget answer? ›

Here's how to make a budget in five steps.
  1. List Your Income.
  2. List Your Expenses.
  3. Subtract Expenses From Income.
  4. Track Your Transactions.
  5. Make a New Budget Before the Month Begins.
Jan 4, 2024

How much does a 7 day vacation cost? ›

The average cost of a one week vacation in the U.S. is $1,991 or $3,982 for a couple. ¹ However, how much you spend on a vacation can vary greatly depending on where and when you travel and what you plan to do when you arrive.

What is the 50/30/20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What does Dave Ramsey say about traveling? ›

You want to ensure that your trip is the perfect amount of time so you don't spend more on accommodations than you should. It's important to note that you don't have to spend all your vacation time on your trip. You can take a few days at home or return to work earlier and bank that time off for a future excursion.

How to plan a trip checklist? ›

The Ultimate Pre-Travel Checklist
  1. Check Your Passport and Other Important Documents. ...
  2. Secure Your Travel Insurance. ...
  3. Research Your Destination. ...
  4. Make a Packing List (and Don't Overpack) ...
  5. Get Vaccinated. ...
  6. Book Accommodations and Transportation. ...
  7. Secure Your Home. ...
  8. Inform Your Bank.
May 9, 2023

How do you plan a vacation for beginners? ›

  1. List your dream locations and choose your adventure. The first step in vacation planning? ...
  2. Plan your budget. ...
  3. Check your calendar and research dates. ...
  4. Book flights and hotels. ...
  5. Search for deals on activities. ...
  6. Build your ideal itinerary. ...
  7. Pack your bags. ...
  8. Research local customs.

How do I know how much to budget for a trip? ›

Research your destination

To create a realistic budget based on your destination and activities, research transportation expenses, food and lodging costs, and prices of attractions you want to visit. Once you know the bottom line, start looking for ways to reduce expenses.

What is the simplest budgeting method? ›

1. The zero-based budget. The concept of a zero-based budgeting method is simple: Income minus expenses equals zero. This budgeting method is best for people who have a set income each month or can reasonably estimate their monthly income.

How to do budgeting for beginners? ›

You can use your budget every month:
  1. At the beginning of the month, make a plan for how you will spend your money that month. Write what you think you will earn and spend.
  2. Write down what you spend. ...
  3. At the end of the month, see if you spent what you planned.
  4. Use the information to help you plan the next month's budget.

What is the best budgeting strategy? ›

In the 50/20/30 budget, 50% of your net income should go to your needs, 20% should go to savings, and 30% should go to your wants. If you've read the Essentials of Budgeting, you're already familiar with the idea of wants and needs. This budget recommends a specific balance for your spending on wants and needs.

What is a good budget for a vacation? ›

Average Vacation Costs in 2024: Transportation, Entertainment, and Budgeting Tips. Quick Answer: In the U.S., a one-week vacation for a solo traveler costs about $1,984, while a family of four can cost around $7,936.

How many days is good enough for a vacation? ›

Research says the ideal vacation length is 8 days. Here's what experts say.

How much do I need to save for a vacation? ›

How much to save for a vacation. The average amount that American travelers spend on vacation each year is about 3% of their annual pretax income, according to a Fidelity analysis of Consumer Expenditure Survey data from the Bureau of Labor Statistics.

How much should the average vacation cost? ›

The average cost of a vacation for a single person in the U.S. is $1,984 and $3,969 for a couple. If you're traveling in a group of four, you can expect to pay upwards of $7,936 and up to $11,904 for a group of six.

How much spending money should you have for vacation? ›

Some financial experts recommend this one: spend 5-10% of your net income on vacations. If you're in debt, your budget should be closer to the 5% mark; if you're not, it can be closer to the 10% end of the range.

What is a reasonable travel expense? ›

What Are Reasonable Travel Expenses? Reasonable travel expenses, from the viewpoint of an employer or the IRS, would include transportation to and from the business destination, accommodation costs, and meal costs. Certainly, business supplies and equipment necessary to do the job away from home are reasonable.

How much money to bring on a 5 day vacation? ›

Bring enough cash (both in your own currency and in whatever local currencies you might be needing) to last for your entire trip length. Here's a list of things to consider: Calculate the number of days of your trip and multiply by $50–$100 per person.

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