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Family On A Holiday

Traveling on a Budget with Family: Tips & Tricks!

Last Updated on August 5, 2024 by Mr. FightToFIRE

As the world makes significant strides in combating the effects of the global pandemic, activities are returning to normal. After an extended period of lockdown, traveling with family is now a priority for many. If your family is eager for a post-pandemic trip, you’re not alone. In fact, Expedia predicts that 2022 will be the year of the GOAT (Greatest of All Trips). Many families are seeking transformative and meaningful travel experiences, planning to go all out on their next vacation.

However, while family trips are exciting, planning them can be challenging. Staying on budget while traveling with kids is particularly difficult. It’s different from solo backpacking or touring as a couple. But don’t worry—with proper planning, you can overcome these challenges. In this article, we’ll provide tips for sticking to your well-thought-out vacation budget on your next family trip.

Choose Your Destination Wisely

One of the easiest ways to save on travel is by choosing a destination with a low cost of living. While it may be tempting to pick more convenient options, the location will dictate most of your budget.

Consider these affordable travel destinations:

  • Asia: Philippines, Malaysia, India, Vietnam, Nepal, Laos, Northern Thailand, Sri Lanka, Cambodia, and Myanmar.
  • North and South America: Mexico, Colombia, Bolivia, Guatemala, and Nicaragua.
  • Europe (or nearby areas): Greece, Poland, Romania, Hungary, The Baltic States, Turkey, Bulgaria, Czech Republic, Georgia, and Croatia.

Travel Off-Peak (when possible)

Another important consideration is timing. Although many prefer to travel during ideal weather conditions or are limited due to schoolgoing children, this often means peak seasons with expensive flights and higher overall travel costs. Traveling during less popular periods can be a budget-friendly option.

This doesn’t mean traveling in extreme weather but planning your timing and location carefully. For instance, visiting the tropics during school-year holidays could be shoulder season. Avoid visiting destinations during popular events or festivals, as accommodations can be more expensive then.

Take Your Car with You

Taking your vehicle can be an excellent way to stay on budget. Transportation costs can add up quickly, especially with children. Using your own car allows for greater flexibility, comfort, and cost savings on frequent taxi or transit rides.

For longer trips, research transporting your vehicle between states. Ensure your car is ready and in good condition upon arrival. Look for reputable companies, read reviews, and check typical costs to make an informed decision. Your car is a valuable possession, so entrust it to reliable hands.

Lighten Your Load and Rent Equipment

If shipping your car, keep it empty or minimally loaded. Items like cribs, strollers, playpens, beach equipment, and chairs can be rented at your destination, reducing the burden and cost of transporting them.

Check with your accommodations about the availability of these items and prepare in advance. Search online for local rental businesses with positive feedback to ensure a hassle-free trip.

Prepare Proper Travel Insurance

Travel insurance is essential, especially when traveling with family. It’s a must-have precaution that shouldn’t be overlooked or skimped on. Choose a policy that covers everyone in your party adequately. Consult an insurance professional if you have specific questions or concerns.

Live Like a Local

While luxurious hotels and amenities sound appealing, they can be costly. Consider alternatives like vacation rentals, which often offer discounts for extended stays. Rentals typically include a washing machine and kitchen appliances, allowing you to save on laundry and dining out.

Staying in one place longer lets you become more familiar with your destination, making for a richer travel experience.

Have a Snack and Souvenir Budget for the Kids

Souvenirs and snacks can quickly add up, especially with kids. Set a budget for these items and discuss it with your family beforehand. This helps manage expectations and teaches children about budgeting.

Consider doing souvenir shopping on the last day of your trip or giving the budget at the beginning and making it clear it needs to last. This approach can help you stick to your budget while allowing your kids to enjoy the experience.

Final Thoughts

Family trips can be challenging to plan, but the memories and joy they bring are invaluable. Keep these tips in mind for a successful and budget-friendly family trip. Remember, family adventures are meant to be enjoyed, so plan ahead and let the good times roll. Bon voyage!

I'm a developer for a major financial institution in Belgium that is present in over 40 countries. I have over 8 years of working experience in the development of customer applications focussing on all aspects of banking. This helped me gain a deep understanding of the inner workings of a commercial bank. All of this experience in both banking and life culminates in this blog about personal finance and my fight towards FIRE.

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Koenraad

“Travel off-peak” Not really possible with kids in school.

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