Saving & Budgeting

Tips for planning an affordable vacation

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A vacation offers much-needed relaxation and fun, but if you’re not careful, your travel budget can spiral out of control. Thankfully, you can find ways to save in your vacation budget by being smart about flight and hotel discounts, meal costs and more. These easy tips can help you plan an affordable vacation.

When to fly

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travel-graphics

Domestic flights

Save 10–40% flying Tuesday, Wednesday or Saturday instead of Friday or Sunday.

International flights

Save 5% flying Monday through Thursday instead of Friday through Sunday.

Source: FareCompare, 2016

When to book

When to book

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travel-graphics

You may score deals by booking Tuesday, after airlines release sale prices and competitors match. Just remember, other variables often derail that rule of thumb, so it’s a good idea to comparison shop.

How far in advance you should book usually depends on when you’re traveling and where.

Sourced: FareCompare, Airfarewatchdog

How to book

How to book

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how-to-book

$226

Average amount customers saved bundling airfare and hotel rooms.

Source: Expedia, 2015

Signing up for a loyalty program and booking directly with the hotel could save you 10–20% versus an online travel agency.

Source: Phocuswright

Once you're there

Once you're there

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beach
$0

Seek out free attractions

Parks, national landmarks and beaches can be free (or cheap) activities for you and your family. Your hotel’s pool is also free.

Use the 1-2 rule for meals

For every fine dining experience, plan to have two economical meals.

Plan your next trip

Using a credit card travel rewards program can help your budget, too. Travel rewards cards allow you to earn points you can redeem toward things like flights, hotel rooms or rental cars on your next vacation—though specifics vary by card. Learn more about the BankAmericard Travel Rewards® credit card.

Disclaimer
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The material provided on this website is for informational use only and is not intended for financial or investment advice. Bank of America and/or its affiliates, and Khan Academy, assume no liability for any loss or damage resulting from one’s reliance on the material provided. Please also note that such material is not updated regularly and that some of the information may not therefore be current. Consult with your own financial professional when making decisions regarding your financial or investment options.

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