4 Tips for Financing Your Family’s Next Vacation

The year 2020 was one  where vacations came to a halt amid the lockdowns that resulted from the Covid-19 pandemic. This year,  2021,  is proving to be a bit better with things starting to open back up and vacation plans being made. The only problem is that many families don’t have the funds necessary to take that much-needed vacation due to being laid-off because of that same Covid-19 pandemic. 

Whether you’re just looking for a mini-vacation in the next town or want to take your family to see the best cities in California for vacation this year, there are ways to finance that vacation. If you’re having a hard time figuring out how you’re going to vacation this summer, read on below for a few tips for financing to help you get on your way to fun in the sun with your family. 

1. Get a Helping Hand

With everyone still recovering from the lockdowns, money for extras is tight, however, vacations are desperately needed after the year everyone had. One of the ways you can finance your family vacation is to receive a helping hand from family, friends, or get a starter loan from Western Shamrock. However, it is important not to borrow more than you can pay back comfortably. Your vacation will do you little good if you’re stressed out as soon as you get back home because you can’t pay your bills.

2. Pick up a Side Job

If you’re planning your vacation ahead of time, then picking up a side job to fund it is a good idea as well. For example, if you work in the wholesale real estate business, take the money from one of your distressed property sales and put all of it aside for your vacation. If real estate and selling houses wholesale isn’t for you, there are plenty of options out there for side jobs. From writing online to dog walking, there’s always something you can do to bring in extra money when you need it. 

3. Plan Your Costs by Creating a Budget

Whether you’re heading to the beach or backpacking across Europe, if you don’t work out a travel budget and plan your costs ahead of time, you’re destined to fail. You should sit down and create a budget with everything it’s going to cost you for your vacation included. Below are a few of the things you should plan for. 

  • Accommodations
  • Flight
  • Food
  • Public transport
  • Tickets to events and attractions
  • Spending money

Now, whatever your total is, add 5% to that and that will be the amount of money you need to have to go on your vacation, and the budget you should stick to. If you stick to your budget and add that 5% to the total, you should have a good time, and still be prepared for any emergencies that happen along the way. 

4. Book Ahead

If at all possible, it’s best to book everything from your accommodations to your travel arrangements ahead of time. Waiting until the last minute is going to cost you more money and you’re not even assured that you’ll be able to book what you want. If you book ahead, you’ll be able to get what you want, and may even be able to find a few discounts along the way. 

Once you’ve followed the tips above, all you’ll have to do is get ready to pack, get on the plane or in the car, and have the time of your life on your next family vacation

These are just a few tips to help you finance the next vacation you and your family deserve. 2020 was a long, hard year. This year is destined to be better, one day and one vacation at a time. 

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