It is astounding to think that the average American spends $1,145 per person per year on vacation according to Entrepreneur.com. That is well over four-thousand dollars for a family of four. We love our vacations, and we all deserve to take a break from the grind at the office from time to time. However, it is better to learn some ways to avoid going broke while on vacation to make returning to work a little less painful.
Create A Game Plan Ahead Of Time
The feeling of arriving at the destination of your vacation and settling in for some relaxing times ahead is hard to top. Before ever arriving at that point though, it is advisable to try to have a plan for what you want to do on vacation.
The mistake that a lot of families make is just having some vague idea of the things they want to do when they arrive at their vacation destination. They keep adding things to that mental list as time goes on and as they hear about more opportunities. The next thing they know, they have overextended themselves by trying to cram too many activities into one regular sized vacation.
Instead of falling for this all too common trap, consider planning ahead and picking just a few activities that you absolutely want to get done.
Don’t Worry About What Others Think
Someone out there is always going to take a more expensive (and perhaps more fun) vacation than you. It is just a fact of life that you have to accept and quite honestly get over. There is no point in trying to compete with someone else on social media or elsewhere over who has taken the most fun vacation.
Taking the tactic of competition to your vacation makes you lose sight of what the whole thing is about in the first place. Remember, you are there to relax and spend time with your family. This event is not about getting one up on your neighbors or co-workers.
Consider Your Financing Options Ahead Of Time
It is not uncommon for someone to look at pay day loans Utah ahead of time to see what they can do about getting a little extra cash out. Paying for your vacation with cash rather than a credit card may help you to save money as well. You will be less tempted to spend more than you can reasonably afford to take care of. A cash vacation often ends up resulting in less overall spending.
Don’t Give In To Whining Children
You love your children and would do anything for them, but that does not make them good judges of how you should spend your money on vacation. Children want everything on vacation. Some of the things children will see and beg you to get them are:
- Expensive Toys
- Overpriced Food
The vacation industry knows that a lot of parents will give in to their children asking for something, and that is why they offer such outrageously priced items. Do not buy them.
Don’t Eat Out As Much
Getting to eat meals outside of the home is a big part of what vacations are all about. However, if you borrow pay day loans Utah to fund your vacation, you would probably like more of that money to go towards experiences while on vacation.
While eating out at new and interesting places while on vacation is part of the experience, try to limit how much of it you do. Don’t go and spend all of your vacation money on food when you could spend more on fun.
In conclusion, while vacations are meant to be a lot of fun, too many people overspend while on them. Spending too much money on vacation can suck a lot of the fun right out of it. If you want to avoid this outcome, just prepare in advance for how to handle it. You will not regret this decision.
About the Author:
Mr. Money Mike is the owner of Money for You Pay Day Loans in Utah. He has been serving the community for over 20 years and has kept that small-town, friendly business feel ever since.