Do you have big summer vacation plans coming up? For example, let’s say that a bunch of your old buddies from college have finally decided to get together for an outdoor adventure of mountain biking, white water rafting, and trail running in the mountains.
Well, after you have let the excitement sink in about the upcoming prospect of an unforgettable vacation, do you often find yourself wondering how you will pay for the whole ordeal? By following a few simple strategies, you can easily make the vacation happen from a financial perspective, as well as from a mental one. Read below to find out more!
Take Advantage of Travel Rewards / Credit Card Points
One strategy for saving money on your upcoming summer vacation is to take advantage of airline travel rewards points, either earned from repeated air travel or by using an airline rewards credit card.
Let’s explore an example of the potential rewards that can be realized by using an airlines credit card by taking a look at the Chase British Airways Card. For an annual fee of $95, you can get 50,000 bonus miles after your first $2,000 in purchases in the first 3 months of having the card, and then 2.5 additional miles for each dollar spent thereafter.
Furthermore, a lot of these airline credit cards offer additional perks such as reduced or free checked bag costs. Take a look for yourself and see if one fits your needs.
Save Small Amounts Each Pay Period
Another very effective way to save for an upcoming summer vacation is to split up the savings burden over a time period of several months. For example, let’s say you have a trip coming up that costs $2,000. If you have 6 months to save / plan the trip, this amounts to only $333 per month in what you need to save. For some reason, this seems much more doable than the entire $2,000 original cost, doesn’t it?
In conclusion, we’ve explored today several proven strategies that can be rolled out to make your vacation travel much more affordable.
What strategies do you like to use to save money on your vacations?
The post Intelligent Ways to Save Money for Your Upcoming Summer Vacation appeared first on MoneySmartGuides.com.