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Budgeting: Summer Travel

Tips for Saving on Travel

1. Be realistic about what you can afford. Hey, we all want an amazing, no-holds-barred vacation, but choosing a trip you can't afford will likely add more stress to your life than reduce it. After all, what's the point of taking time to relax if you'll be paying for it for several months to come?

2. Create a trip budget. To help you, we've put together this free, web-based Travel Calculator, which can help you calculate the cost of gas, lodging, food and more. It’s also available as a free iPhone app, which you can download from iTunes.

3. Shop around. There are a wealth of sites that make it easy to compare fares from a variety of airlines, hotels and rental car companies, some of the most popular being Expedia.com and Travelocity.com. It's a savvy traveler's world—take advantage.

4. Protect yourself. When ordering tickets, make sure the sites you are using are legitimate. Once on your trip, safeguard your identity by keeping your passport, driver's license and credit cards in a safe place away from view. If you do become a victim of identity theft, read our tips for restoring your identity here.

5. Expect the unexpected. Credit cards get lost. Flights get delayed. Storms arrive unexpectedly. Keep unknowns in mind when planning your trip, and set aside an extra 10 to 15% of your travel budget for emergencies or surprises.

Top Travel Resources

Whatever type of travel you're considering, here are some ideas for getting the most out of your trip without breaking the bank.