It’s June, and summer is upon us. Not officially, but close enough. Vacationing during the summer is commonplace. But what is the best way to budget for that summer trip?
I have a travel category in my budget every month. Let’s say I allot $150 a month for trips throughout the year. That gives me a yearly total of $1800 for trips. Depending on where I decide to go, I try and budget a trip for $900. This means I can take 2 vacations during the year. Again this is amount is allotted for just 1 individual. If you have a family of four you will have to make other arrangements.
I like to go on cruises, to the beach, this summer I am heading to New York City. Taking a little out of my budget every month allows me to properly plan for my vacation. The alternative would be to take a huge hit during the month you do decide to travel.
I always make savings my first priority, but I do take time to enjoy the fruits of my labor. Hard work should be rewarded. I’ve heard many times how employees let vacation days go unused, a problem I won’t let myself ever have. There are many ways to budget for a trip or summer vacation. I just let you know how I get it done.
Budget Smart, Invest Wise