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Vacation?  You Can Afford It!!

 

With the first day of summer just days away, many families are in full mode planning their vacations.  But have you ever considered a "paidcation” or a "staycation”? If you have never heard those terms, they simply mean a vacation that you pay for in cash, "paidcation”, or one that you stay home and plan on doing things around your own city, “staycation”.  Apprisen offers this advice when you start to plan that much needed time away. 

 

Hopefully, you have been saving all year and can pay cash for all the expenses you will incur during your vacation.  With average credit card rates nearing 17%, the additional amount of money you will be paying in interest on your credit card balances could increase the true cost of your vacation hundreds of dollars. Is that wise? Instead, adjust your expectations to match your budget.  If you have your heart set on going to a beach in Mexico but only enough money saved for a beach closer to your home that might be the better option.  But if that Mexican beach is really where you want to go, it might be wise to delay your trip. You can continue saving your money, thus not adding to your credit card debt, and take advantage of off peak pricing that many resorts offer. A "paidcation” - a vacation that is thoughtfully planned according to how much money you have saved for it.  Sounds like a smart idea, huh?

If going on a vacation out of town is too much for your budget, you might consider a "staycation”. Become a tourist in your own city or venture out an hour or two out of town to explore new experiences.  Think about if you had visitors coming to stay with you, where would you take them? Many of us have historical or cultural venues in our area, but never take the time to visit.  Maybe you don’t know about them. Search your city’s visitors and tourism website. They will offer information on places to go, and possibly coupons, for outings in your area. Try a new type of food.  If you’ve never had Thai food, go to the library and look at pictures of the country. Learn about their history, and  then go try the food. You might not be in Thailand, but you can experience some of its culture. Lastly, make sure you take pictures of your “staycation”. It will make it seem like a real vacation and you will enjoy the memories for years to come.

Knowing how much money you have to spend on your vacation is key in preventing additional debt. Choosing to a take a “paidcation” or a “staycation” could be a viable option. With a little research and imagination these types of vacations don’t have to be boring or cost a lot of money.







 

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