Start Planning Now: 11 Steps to Affording an Amazing Trip in 2016
Dream vacations may seem impossible to orchestrate -- so many logistics! So much money! -- but starting now makes it easier to get an amazing trip underway by the end of the year. Although it involves long-term planning and daily effort, sacrifice, and stress, take heart: Identifying a vacation goal in advance makes for successful budgeting, and the process can be fun on its own. Here are 11 steps to saving enough money, starting now, for a fantastic trip by the end of the year.
It's essential to keep the vacation savings on track, particularly if flights and accommodations will be booked well in advance. Have family meetings where the adults monitor the account. If monthly contributions are lagging, the budget may need adjusting -- and expectations for the vacation also may need to change. Count up the coin jar savings too, or convert its contents to cash and put that money into the fund. (Note that supermarket converters take up to 8 percent of the change. Try a local bank instead.) Stay on top of that vacation savings account so there are no surprises once the anticipated date arrives.