For some people, vacation is the one time of the year that they really cut loose. Pulled away from the
concerns and schedule restrictions of daily life, it is a vacationer’s one job to have the best time they
possibly can. So the idea of putting together a detailed budget for your vacation travel may seem like
booking a romantic weekend with your tax accountant. What happened to letting it all hang out, to
celebrating irresponsibility, to focusing on unforgettable experiences and lasting memories, not dollars
and cents? Well, at some point you’re going to have to face reality. Unless you’re Bill Gates, money will
always be a concern, and you can’t simply ignore it because you’re going on vacation. So how can you set a
travel budget that not only helps you come home with your bottom line intact, but even adds to the fun of
your vacation?
A budget will help you define your priorities. Do you want to experience a five star hotel, or would you
rather have money left over for that Jeep tour of the outback? Expensive spa day, or surf lessons? First
class airfare, or an extra two days in paradise? Locking in a budget for your trip will help you get to
know what elements of a vacation are the most important to you. It may help you narrow down vacation
destinations, decide whether to plan yourself or go with a travel agent, or even help uncover new travel
ideas you’d never even considered. Think about the above examples. If your destination is far away and
the flight is lengthy, traveling in first or business class may be very important. You wouldn’t want to show
up in paradise with an achy neck and devastating jet lag. But if the flight is short, perhaps you’re better
off spending your dollars elsewhere. As far as the hotel is concerned, think about how much time you’re
actually going to spend there. If lounging around the hotel with lunch served on a private [Read more…]