9 Amazing Tips to Plan an Awesome Family Vacation on a Budget

Jun 07, 2018 | 11 months ago | Read Time: 4 minutes | By iKnowledge Team

In the struggle towards securing a financially balanced future, comfort and relaxation have become a fancy thought, whereas vacation is just out of the picture. It is important to take a break from the everyday routine and relax your fast-paced mind which is ready to serve you 24×7. Among the various ways which people recommend relaxing your mind, a family vacation plan can be the ideal solution. A vacation is always fun if things are done in the right way on the right budget and with the right vibes! As enjoyable it may seem, it might not fit everyone’s budget planning, walking with a tightly roped budget most people can hardly spare a penny for themselves. If you are stuck with the question as what should be done, then here is a solution for you and it is simple, you need to plan your vacation in such a way that it does not affect your budget substantially.

Being close-fisted to save money on a vacation can ruin the mood; you need to act smart to save money. Here are the tips you that can help you go on a budget vacation with family:

  1. Subscribe to travel websites: Travel and Tourism websites frequently offer discounts and attractive packages for a family vacation. If you have a busy work schedule visiting these websites everyday can be time consuming and if you miss a day there is a good chance that you may end up losing an attractive deal. In this scenario, all you need to do is register on different websites and subscribe to their newsletter. The newsletter will notify you if there are any ongoing or upcoming offers. This will help you get discounts on travel or accommodation.
  2. Look for discounted packages: There is a chance where the travel websites may offer you discounts only on one service for example accommodation. Since you are getting a discount on accommodation the price on other incidentals and services may be higher than expected. In this case you can look for package discounts that cover up 60 to 70% of the trip expenses for the entire family.
  3. Try going off season: Have you ever noticed that water parks and amusement parks hike their prices during summertime and as soon as summer is over their prices drop significantly. Places like hill stations, beaches and overseas have a specific time in the year when they get maximum tourists, since this is the time where they can earn a substantial business; the hotels raise their prices. This is a mere example on how you can benefit from taking a vacation during the off-peak time, on the other hand, it is beneficial to visit places during off- seasons as they are less crowded.
  4. Take flights on a weekday: Airline companies too have the seasonal policy when it comes to peak time flying, but their peak period comes almost every weekend. Fridays, Saturdays and Sundays are the days when majority of the people take flights to reach various destinations which results in rise of prices when it comes to last minute tickets. Since, they have less flyers during the weekdays (especially mid-week), airline companies reduce the price of the flight tickets to minimal and booking tickets on these days can help you save a lot on the your airfare.
  5. Remove unnecessary expenses: Tours and vacation packages can come with loads of activities which have their own distinct prices. Even with passes and vouchers for so many places people are hardly able to visit each one of them. The travel companies do not give you a refund or any reimbursement for these unused vouchers which means you will pay for the things that were not even able to do. So, when the travel agents make an itinerary for you choose only the events and places you really want to visit.
  6. Hotel rooms are not the only option: Hotel rooms can be costly especially if you are going to stay with your big fat Indian family. To save on accommodation for a family of more than 4, you can look for other options like a tent if you are going to hill stations, or guest homes or a bed and breakfast and if you are in luck, you might find an economical rental apartment. These places have lower charges and most of all they don’t levy taxes on the rentals, and in some cases, anything you pay is straight up cash.
  7. Avoid paying for extra baggage: Airlines around the world charge a specific price for extra bags and luggage that go beyond the permitted allowance. To save money here, it is recommended that you carry the things that you really need. Avoid carrying things that may increase the weight of your bags. Stay in the limit of allowed luggage and you won’t have to shell out any extra cash.
  8. Visit Friends: This may sound a bit miserly but it is perhaps one of the most economical ways to save money. Ask your relatives, friends and acquaintances (who live in interesting cities you and your family have never visited before) if they can arrange any kind of accommodation in the homes you are about visit. This might save you on charges like accommodation, food and is also a lot safer. If you stay over at their homes, don’t forget to take a small gift and keep their premises clean.
  9. Invest: if you wish to enjoy your vacation free from financial worries, you need to start investing in ULIPs. A life insurance product, ULIP is a great option, if you are looking for insurance and investment. In a Unit Linked Insurance Plan, you get market-linked returns, this means you get access to an array of investment options such as stocks, bonds, mutual funds and more. Plus, you get the flexibility to manage your funds and decide the level of risk, depending on your financial objectives.

So, think of a location, fix a date and start hunting! These tips are going to save you more than you expect. Moreover, once you have tried it, you can improve your financial planning formula to adjust a budget vacation every year.

Advt. no.: IA/May 2018/3974


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