How to Budget for Spring Break

You’re dreaming about sipping a colada on the beach, surrounded by your loved ones, when reality hits you – Spring Break is right around the corner and you’ve got to get your finances in order. Don’t worry, we’ve got you covered. Here’s our tips on how to budget for spring break.

Set a timeline and a financial goal

Firstly, set a timeline and a financial goal for spring break. Perhaps Spring Break only falls during a certain week for you, and thus, you can start counting down towards a few weeks prior to that timeframe to reach your financial goal. Start setting aside a designated ‘Spring Break’ fund and cutting costs where you can so you can contribute towards it. It’s important to have a financial goal in mind, and once you do the next few steps, you can estimate the total costs of your Spring Break to save up for.

Pick an affordable Spring Break destination

Picking an affordable Spring Break destination may be the hardest part of all, but we’ve got a guide, so you don’t have to research too hard. Check out our article on Best Affordable Spring Break Destinations. The key to an affordable Spring Break destination is to choose a domestic destination vs. an international destination to save on costs, and to choose a destination you can ideally drive to, instead of fly to, with you group of friends.

Start your vacation midweek

According to a USA Today article, “Trips that start or end on a Tuesday or Wednesday can be up to 38% cheaper than Saturday or Sunday travel”. Whether you choose to fly or drive, starting your spring break vacation midweek could save you hundreds of dollars. Make sure to bank your vacation days so you can take off the appropriate amount of time from work if you need to. Another advantage of starting your vacation midweek is that you can take advantage of midweek specials at local dining establishments that don’t occur on weekends. Happy hours, Taco Tuesdays, and more await you.

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Book flights early, if applicable

If you choose a destination you need to fly to, here’s a few tips to help your budget. Book flights at least one to two months in advance. Set price alerts and compare flights on multiple websites to get the optimal rates. If you have any credit card points, consider cashing in to make your flight costs reduced.