Summer is quickly approaching, and with it comes dreams of summer vacation. But sometimes holiday planning is stressful – can you afford to rent that cottage? How much is a trip to Disney World? Will rising gas prices affect weekend getaways?
Ensuring that your summer vacation is
fun and fiscally-responsible means a little planning and increased financial
literacy. Bestselling author, TV host and Life Literacy Ambassador Gail
Vaz-Oxlade has provided her top tips for planning a summer vacation without
breaking the bank:
- Save on food by choosing restaurants where kids
eat free and by picking one meal a day as your “eat out” meal; stock up on
groceries for the rest.
- Choose accommodations that offer a kitchenette,
then buy breakfast fixings for the kids instead of eating at restaurants. Or
shop for rooms where breakfast is thrown in with your room rate.
all the hotel’s facilities - that pool is a great way to have a no-spend
- Bring along refillable water bottles and buy your sunscreen, bug
spray and other holiday supplies where it’s cheapest. (Or check your supplies
before you leave home!) Check online for grocery or drug stores at your holiday
destination since they may have better deals.
- Remember to turn off
your cell phone’s roaming charges. (Putting your phones in airplane mode will do
the trick.) If you plan to use your cell phones, sign up for a roaming package
so you don’t come back to a bill that’s higher than all the money you spent on
- Set a budget that includes a daily allowance for the kids to
have some spending money.
- Save year-round for your trip by storing up
your change; loonies and toonies plus quarters, nickels and dimes in a Vacation
Jar add up quickly!
- Tell your credit card company that you're traveling
and for how long so they’ll expect those out-of-country charges.
you’re on vacation it can be easy to lose track of your spending,” says Gail
Vaz-Oxlade. “By staying conscious of costs and following tips like these to save
money, you can have a relaxing holiday without having to worry about a pile of
bills when you get home.”
For more financial literacy tips and resources,