How to Put Together a Realistic Travel Budget

This photo shows a stack of vintage suitcases

Travelers often ask me about how they can save when planning a trip. Like the myth of travel bests, there’s no stock answer I can provide—the best way to budget for a trip is to really consider what you value when you travel.

Think back on your favorite trip. What stands out as particularly memorable? Was it an incredible hotel? A fantastic meal at a gourmet restaurant? Get really specific, zeroing in on what you especially loved. With your favorites in mind, you now know an area to budget—and maybe even splurge—for your upcoming vacation.

Conversely, think about a less-than-pleasant travel experience. Maybe it was a low-end hotel, an overrated pricey restaurant, or a rental car that didn’t suit your needs? Was it an area where, if you had spent a little more money, you would have had an improved experience? If so, you now also know an area where you’ll want to allocate a little more of your travel budget. If not, you’ve got an area to cut back—or something to avoid entirely on your next trip.

Let’s take a look at the major expenses of any vacation. Keeping your values in mind, let’s address where you should splurge or save.

Get the full story on the Society of Grownups blog.

Photo courtesy Natasha Mileshina via Flickr Creative Commons

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s