Education Center » 5 tips for bringing down the cost of your vacation

5 tips for bringing down the cost of your vacation

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Adapted from Better Money Habits®

Dreaming of a relaxing getaway this spring or summer? We’ve found some smart ways to help you create the perfect budget-friendly trip.

A vacation offers much-needed relaxation and fun, but if you’re not careful, your travel budget can spiral out of control. Thankfully, you can find ways to save in your vacation budget by being smart about flight and hotel discounts, meal costs and more. These easy tips can help you plan an affordable vacation.

When to fly

Whether you’re flying international or domestic, you can score a deal by flying Tuesday, Wednesday or Thursday instead of Friday or Sunday.

Source: The New York Times, 2018.

When to book

Save 15-25% by booking on Tuesday, after airlines release sale prices and competitors match. Just remember, other variables often derail that rule of thumb, so it’s a good idea to comparison shop. How far in advance you should book usually depends on when you’re traveling and where.

Source: SkyScanner, 2018.

How to book

$525
Average amount customers saved bundling airfare and hotel rooms through sites like Travelocity.

Source: USA Today, 2017.

Signing up for a loyalty program and booking directly with the hotel could save you 10-20% versus an online travel agency.

Source: Phocuswright.

Once you’re there

Seek out free attractions
Parks, national landmarks and beaches can be free (or cheap) activities for you and your family. Your hotel’s pool is also free.

Use the 1-2 rule for meals
For every fine dining experience, plan to have two economical meals.

Plan your next trip

Using a credit card travel rewards program can help your budget, too. Travel rewards cards allow you to earn points you can redeem toward things like flights, hotel rooms or rental cars on your next vacation—though specifics vary by card.

Learn more and take action

  • Creating a budget can help you pursue your goals. Use the budget worksheet to take control of your finances.
  • Sneaky travel fees can add to your vacation costs. This checklist can help you eliminate extra fees so you can have more cash to spend on memorable activities.
 
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