Mar 27,2019 read
Ways to Fund Your Family Trip (Even on a Budget) Family Days Out correspondent Karoline Gore helps us out!
Taking a family trip continues to be a priority for Americans, and popular choices in 2017 included51 percent of us visiting national parksand 40 percent going theme parks. While travel might not always be a priority in a household budget for the average family, going away somewhere different is an opportunity to bring everyone together for meaningful experiences, memories and long term happiness. However, if you’re constantly worrying about how to pay for it all, it can take the fun out of it. Whether you’re looking forbudget tips for a family day outor plan to take a longer vacation, there are ways to save beforehand, removing the stress with a few simple money saving strategies.
It's not as difficult as you first might imagine toincrease funds and improve your financesover a relatively short period of time. Open up a dedicated online bank account, preferably with a high interest, to save for family days out, leaving it untouched until you need it. Additionally, be on the lookout for potential investments which can provide you witha stable income for the future. While stock prices can fluctuate frequently, providing you look for the long term growth of a company’s shares, your finances should blossom over time.
Get thinking creativelyandencourage all the family to get involved,so that everyone takes responsibility for the family travel expenses by pitching in with pocket money or birthday gifts. If you have older children, they could chip in by taking on babysitting jobs, mowing lawns or washing cars to contribute into the family fund. Not only will this boost savings, but it will give them a sense of pride as they see themselves making a difference that the whole family can enjoy.
The next time a family member leaves a light on or doesn’t turn off an appliance, remind them of how much energy they’re wasting.Saving energy around the homecan save the average American family hundreds of dollars a year and will also go a long way to reducing your household footprint too. Similarly, if your family often has treats of takeaways or eating out regularly, start by cutting them back to special occasions only, and watch your dollars grow in your bank account.Just because you’re faced with a strict budget, it doesn’t mean you can’t spend time on a family day out to make everlasting memories for you all to cherish together, so why not start saving today?