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When to Save and When to Splurge on Your Next Vacation

Submitted by Anonymous (not verified) on December 26, 2015
Budget Travel
Smart strategies for balancing savings and splurges
Beach vacation — knowing when to save and when to splurge

Knowing the smart tricks for saving will give you a bigger budget for the luxuries.

Vacations are like snowflakes — no two are alike. Sometimes you'll spend months or even years planning and saving, sometimes you'll plan a quick last-minute getaway. But if you're like most Americans, your vacations fall somewhere in between — you'll have some spending money saved, but you'll also want to budget as best you can. The key with taking the family on a special vacation is knowing when to save your money and when to allow yourself a little splurge. That will depend on what is most important to you. But the truth is, knowing the smart tricks for saving some cash will allow you a bigger budget for the luxuries that make a trip so memorable. Read on for our best tips.

Save on Airline Tickets

Are you flying to your destination? There are numerous ways to save money on your airline tickets:

  • Consider joining a mileage program. Even if you don't fly very often, you'll earn miles that can really add up later. Plus, you may get to enjoy perks like discounted flights and access to airport lounges.
  • Book your flights about three months in advance if you can. Many airlines release new flight listings and sales every Monday and Tuesday. You'll likely find better deals on these two days compared to the weekend.
  • Are your travel dates flexible? Wednesday is the cheapest day to fly domestically in the USA. Friday and Sunday are the most expensive days.
  • Try mixing and matching your airlines. Airlines sometimes offer deep discounts for one-way tickets, but you may find a more affordable route home.

Save on Your Rental Car

There are numerous ways to save money on your rental car once you've arrived:

  • Look on Car Rental Express for the best deals. We are the internet's only site dedicated to the comparison of independent, rated car rental agencies.
  • Consider a more long-term car rental. Some companies offer deals if you rent for a week or longer.
  • Make sure you read the fine print regarding your insurance options. If your car insurance covers rental cars, there's no need to purchase an additional expensive plan.

Save on Your Hotel

Need some tips for saving money on your hotel?

  • Depending on where you're heading, you might find better deals on sites like Airbnb. In some major cities, homeowners rent out furnished apartments and houses for less than a hotel room. Having access to a full kitchen would save you even more.
  • See if there are any discounts for pre-paying.
  • When you call to reserve your room, ask for the “best nonrefundable rate” rather than just asking for their best deal.
  • Become a member of AAA to save on hotels across the country.

When to Splurge on Your Vacation

Don't be afraid to spend money on the experiences you've been looking forward to. The point of a vacation is to treat yourself! Here are some suggestions on where not to be frugal:

  • Splurge on a luxury car rental if you'll be spending a lot of time in your vehicle or if the trip is a special occasion, like a honeymoon or milestone wedding anniversary.
  • Splurge on a resort or hotel if you'll be spending a lot of time there. Some resorts are destinations themselves, with several dining options and family activities.
  • Always splurge on memorable experiences. If you've always wanted to see the Eiffel Tower or your children would love to have breakfast with Disney characters, you'll never regret spending the money.
  • Try to enjoy at least one fine dining meal in your destination of choice. Trying one of the city's best restaurants will give you an idea of the local culinary scene.

Where to Save During Your Trip

Some parts of your trip don't need the splurge treatment:

  • Skip the cheesy city tours unless it's something you really want to experience. If you bargain hunt, you may be able to find deals through sites like Groupon.
  • Avoid buying silly souvenirs. In 10 years, you'll be happier with a photo album of your vacation and an old t-shirt.
  • Add some budget-friendly activities that will allow you to experience the best parts of your destination for free or cheap, such as a family hike on a scenic trail or a picnic in a park featuring some local delicacies.
Balance Is Key

The best vacations combine smart savings with meaningful splurges. Save on the logistics so you can spend on the memories.

Start Saving on Your Next Trip

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