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