Taking a summer vacation doesn't have to drain your bank account. While that might seem hard to believe with the price of flights and lodging, there are ways you can get away affordably. Planning a budget-friendly vacation might require a bit more planning and greater flexibility, but it might be all the easier to kick back and relax when you get there without worrying about the tab you're racking up.
If that sounds like just what you need this summer, here are some tips to keep in mind as you start planning that getaway you've been dreaming about.
Rather than setting your sights on the new hotspot everyone's been talking about, you might consider selecting your destination by evaluating the economics. Kiplinger recently compiled a list of the least expensive countries to visit, which it says is "based on the average total daily cost you might pay once you reach your destination — including accommodation, food, and the daily cost of living" (though note airfare is not factored into the equation).
Here are the top five:
As you plan your trip, it's also helpful to consider what else is going on that might impact prices. For instance, did an airline recently cut or add routes to a destination? Are there any events going on that might cause prices to spike?
You might consider planning your trip on slightly off-peak times, or shortly after happenings that will attract big crowds. Understand, however, that this might require a bit of sacrifice — there's a reason people are flocking to that location when they are, after all. But per GOBankingRates, "[i]If you're willing to sacrifice things like primo weather and scheduling, on the other hand, you can expect to pay much less and have the run of the place when you get there."
This might sound like a no-brainer, but given that flights are often one of — if not the — most expensive part of a trip, getting savvy about it can make a big difference cost-wise. The Ascent suggests turning to third-party sites, such as priceline.com, kayak.com or expedia.com, to help you do the legwork of finding affordable flights. Consider setting up alerts to track whether flight prices drop.
Other resources that Kiplinger recommends to get flight deals are Scott's Cheap Flights, Airfarewatchdog, and Secret Flying.
Some additional ways to save on flights include:
What easier way to save money on travel than by earning rewards from the money you're spending? You might put your costs on a credit card that offers hotel or airline rewards. Often, The Ascent says, "these cards will give bonus miles just for opening up an account."
Another way to secure travel benefits — including "free upgrades, free luggage check-in, and even free flights, says The Ascent — is by joining an airline frequent flier program. You might also check into benefits programs offered at hotels, especially if there's a chain you often choose for your stays.
Becca Stanek has worked as an editor and writer in the personal finance space since 2017. She has previously served as the managing editor for investing and savings content at LendingTree, an editor at SmartAsset and a staff writer for The Week. This article is in part based on information first published on The Week's sister site, Kiplinger.com.
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