Bankate.com
 
News and AdviceCompare RatesCalculators
Glossary  |  Help  
 
 
- advertisement -
 
 
No money for a vacation? Stay home and play!
Page | 1 | 2 |

Money-saving strategies for your holiday
The overall cost of taking a vacation increased by 3.7 percent from 2006 to 2007, according to the AAA's annual survey on vacation costs.

- advertisement -

By vacationing in your hometown, a family of four -- two adults and two children -- can save an average of $152 per night in lodging costs, and at least $118 a day for meals, not including tips or beverages, suggests the AAA report. This doesn't even include the rising cost of filling up your tank.

Yikes, these expenses can begin to eat into a tight budget. Here's a picnic basket full of ideas to cut these costs, too:

1. Start with a budget. Even for a day adventure, it's a good idea to allot a certain amount of spending money -- then track it. Planning your cash cuts down on spontaneous purchases and guards against putting too much on your credit card.

2. Picnic anyone? Meals can quickly eat away at your budget. Travel with a cooler so you're not purchasing drinks and snacks at every rest stop. And you'll be prepared to sample local fare from a farmer's market and enjoy a picnic dinner at a peaceful stop along the way.

If you want to dine out, be selective. Go out midweek rather than weekends, when menu prices often climb. Or, let's do lunch. Midday menus usually offer the same entrees as dinner, just smaller portions and a smaller check.

3. Prepare for savings. Tourist spots sell everything from film to capture those special moments to sunscreen, bottled water and aspirin for prolonging your fun -- at a higher cost. Purchase these items before and save.

4. Swipe with savings in mind. Use only your own bank's ATM whenever possible. If one's not available, look for machines with a "No surcharge here" logo. If you plan on using an ATM regularly on your day trip, withdraw a larger amount of cash to reduce your number of transactions. Or, when you're at the grocery store stocking up on food and sunscreen, ask for cash back to avoid fees and additional surcharges.

By traveling off the beaten track, you'll avoid the inflated costs of tourist traps. Plus, you're often treated to a more interesting vacation, highlighted with personal glimpses of the your local culture.

5. Be a fuel miser ... and save. The best way to beat rising gas prices on your weekend excursions is to burn less. Increase your fuel efficiency by keeping your vehicle in top running condition. Plus, shop for the right gas and adopt "fuel-conscious" driving habits to extend the time between fill-ups and cut costs.

Go ahead -- schedule some vacation time and start planning!

Bankrate.com's corrections policy -- Updated: February 29, 2008
 
 
Create a news alert for "saving"
Page | 1 | 2 |
 
 RESOURCES
State departments of travel and tourism
17 ways to beat boredom cheaply
Hot (free) fun in the summertime
 TOP STORIES
Mortgage fraud consequences
Dave Ramsey on debt in retirement
Poll: Will retirement be relaxing, distressing?
 


Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 6.25%
48 month new car loan 6.84%
1 yr CD 3.37%
Rates may include points
ADVERTISING PARTNERS
RELATED CALCULATORS
  How much life insurance do I need?  
  Calculate your payment on any loan  
  What will it take to save for a goal?  
VIEW ALL  
BASICS SERIES
Begin with personal finance fundamentals:
Auto Loans
Checking
Credit Cards
Debt Consolidation
Insurance
Investing
Home Equity
Mortgages
Student Loans
Taxes
Retirement
- advertisement -
 
- advertisement -


News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2008 Bankrate, Inc., All Rights Reserved, Terms of Use.