Fiction: Booking a vacation will derail my budget and savings goals.
Fact: Some research and savvy budgeting can go a long way toward a memorable vacation that doesn't break the bank. From where and when you choose to travel to the type of accommodations you book, you can make budget-conscious choices as you plan your getaway. To start:
1. keep your destination options open
2. be flexible with your travel dates
3. consider renting an apartment or house instead of the typical hotel room
Once you've priced out your trip, you can plan how you'll cover the costs and still meet your savings goals. You may be surprised to find that the reward of an upcoming vacation does wonders for your ability to save!