Springtime is the time for new starts and new beginnings. It is a time to take a break and refresh ourselves, as well as, renew our commitments. Just like your commitment to learn more about managing your money with the help of Credit Advisors Foundation. Just like your commitment to live within your budget.
You may ask why does CAF keep coming back to the topic of managing your money and budgeting. Simply because we recognize that developing your money management skills and living within your budget takes a lot of discipline and even more practice.
So how does budgeting and making smart money choices relate to recharging ourselves in the spring? Vacations!
Budget vacation time and
money to recharge and
Everybody loves being able to have a vacation. Time to relax and alleviate some stress. But what if you haven’t allotted funds into your budget for savings or a vacation fund? Don’t give up.
There is still time to plan and budget a get away for yourself and your family.
First, review your current budget. How are you doing following the budget? Do you need to make adjustments to your current budget? Have you previously allotted some funds to savings or do you need to do that now?
Second, start your plan. Give yourself some options of types of vacations you and your family would enjoy. One way to do this is to list destinations for your vacation. Can you save money by going off-season? For example, going to Florida or Arizona in winter is much more expensive than in the summer.
If hot and humid is not to your tastes and your family enjoys being outdoors, some ski resorts offer biking, hiking and other option for lower prices during the summer months.
For each option, begin listing expenses (just like you did for your monthly budget). What about transportation? Consider the cost of airfare, trains, buses, gasoline, or car rental once you arrive. What about a place to stay? Some alternative include hotels, motels, a bed and breakfast or even a cabin at a state park. Consider renting a unit with a full kitchen (remember, saving money on food must be weighed against the time committed to cooking as this may not feel like much of a vacation to Mom, unless she is power delegator).
As always with budgeting and managing your money, planning and research (asking questions and getting the answers) can make a world of difference. What better way to relax and recharge than knowing you are saving money and making smart money management decisions?