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20 Tips for the Best and Cheapest Vacations

20 Tips for the Best and Cheapest Vacations

Going on vacation isn’t cheap. Between the road trip or the plane tickets, the food, the fun, the activities, the hotels it can end up costing you a pretty penny. Don’t despair. Everyone deserves a vacation and even if you need to conserve your cash to do it, you can still have a fun time! Here are 20 of our cheapest vacation ideas:

1. Go short

Sometimes, the best idea for a vacation is to go ahead and take one, but don’t go for as long as you normally would. Instead of going for a week or two, go for a long weekend.

2. Road trip

Don’t fly — drive. Even with the cost of gas, often the best option to save money is to drive to your destination. Make it fun. Stop and see attractions along the way to your destination, like Mount Rushmore or the world’s largest ball of string. Do a web search ahead of time and find small, inexpensive attractions in towns along the way — you’ll be amazed at how much you’ll see and learn.

3. Travel with friends

You can often save a lot of money when you buddy up and travel with a group or with friends. Group rates are available for hotels, rental cars (you could rent a large van), even tours of museums and other attractions.

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4. Day trip it

You don’t need to travel far to have fun. Instead of going far during your vacation and staying somewhere else, stay home and take a different trip each day. Look at destinations about two or three hours away from where you live and look for different things you can do there. Enjoy the drive, bring a lunch and spend the day doing something completely different than you normally would.

5. Cook in

Wherever you stay, eat at home, just as you would normally. Go to a local grocery store and purchase a week’s worth of groceries and make most of your meals in. Save a little money for a special dinner while you’re on vacation or for that fun day on the boardwalk. Otherwise, make the meals you like. You’ll probably eat healthier too.

6. Mind your perks

Do you get perks from your store cards? Your credit cards? For staying in hotels for work? Go look over all of your perk plans before your vacation. You might have a free night or two in a hotel, some miles for a flight or even a free meal or two while you’re out.

7. Rent it

You’d be amazed at the money you can save when you rent items instead of buying them. You can rent an RV and save yourself money on hotels and flights. You can rent a luggage carrier for the top of your truck instead of buying a fancy new one. You can rent bikes when you get there instead of paying to put them on the plane.

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8. Volunteer

Instead of doing the regular vacation thing, try volunteering instead. You’ll be surprised at the number of deals and perks available for those who choose to volunteer at a location instead of just be a tourist. Going to Alaska? Try volunteering for the Iditarod. You’ll get to see some of the most amazing scenery, get free bush flights out to a checkpoint and even meet and talk with famous dog mushers. Heading to South America or another country, look up JustGive.org and find other locations that need people to help build homes, teach classes or do other things in exchange for your time.

9. Room ideas

Decide on just what you need when you select a hotel or motel. Do you intend to do a lot of sightseeing or outdoor activities? Maybe you don’t need a huge, all-inclusive resort and can save yourself some money by getting a small, plain motel with basic amenities. On the other hand, if you want a big resort style vacation with a spa and water park, maybe you can save yourself the money by not flying to somewhere far away, but instead choosing a large, all-inclusive resort to which you can drive.

10. Geocache

This is a great way to explore local areas without the expense of leaving home or staying somewhere else. According to Geocaching.com: “Geocaching is a real-world, outdoor treasure hunting game using GPS-enabled devices. Participants navigate to a specific set of GPS coordinates and then attempt to find the geocache (container) hidden at that location.”

11. Check out a National Park

You’ll be amazed at how many National Parks are close to where you’re staying — or where you live. National Parks are a great resource and you can visit the Ranger Station and learn about different features of the park, take a hike or a picnic and explore. Most parks have nominal day use fees, some allow camping and there are a number of free days throughout the year.

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12. See a game

Most of cities and towns have minor or major league teams for soccer, baseball, football or basketball. Take a day and head to a game. Even if that sport isn’t your “thing,” most major league or professional sporting events are a big deal and the experience itself is a lot of fun.

13. Camp

Camping is a fun and exciting way to see parts of the country you’ve never been to before. You can either rent a small cabin or bring a tent or an RV. However you choose to camp, make sure you select a location that allows you to explore and gives you plenty of opportunities to do the types of activities you like.

14. Book a last-minute cruise

Search online at sites like Expedia for last-minute cruise deals. Cruises are usually expensive, but if you can wait until the last minute to pack and make your plans — and you aren’t picky about where the cruise is going — you could pick up a sweet deal.

15. Visit local tourist spots

Stay home and visit all of the local touristy stuff you never do because you live there. Take a tour of the local microbrewery, go to a vineyard or even a local amusement park. You could make your staycation really awesome and hire a house cleaner for the week as well.

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16. Go somewhere completely different

Thinking of Paris? How about Budapest instead? Want to go to Brazil? Try Belize. Just by picking somewhere a little less popular, you could save big bucks. And in Europe, you can travel easily to the places you want to see without having to stay there.

17. Do something new

Staying home over vacation? Take the opportunity to try out something you’ve never done before. Take sailing lessons, learn how to throw pots (clay, on a wheel, not the pasta pot through the window). Sing Karaoke at the local bar.

18. Go to local festivals

Head to the state fair, the local Bluegrass festival or the Garlic Festival (or whatever plant or item your state is known for). Do it big — try everything and have a great time.

19. Be quiet

You could lay low, too. You could really do nothing for a whole week. Sleep. Eat junk food. Watch TV. If you’re a go, go, go type of person, a few days to be quiet and do nothing might be all you need to feel refreshed. And you’ll save a ton of money not entertaining yourself.

20. Housesit

Want to go somewhere new and not pay for it? Find a housesitting gig. Whether for a week or three months, you can find some great places to go and not pay a dime for staying there.

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Michelle Kennedy Hogan

Michelle is an explorer, editor, author of 15 books, and mom of eight.

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Last Updated on July 10, 2020

The Definitive Guide to Get out of Debt Fast (and Forever)

The Definitive Guide to Get out of Debt Fast (and Forever)

Debt can feel crushing, like a weight that is always weighing you down. Looking at those numbers, it can feel as if you’ll never get out from under it. However, if you really want to learn how to get out of debt, it is possible with a great deal of focus and self-control.

Getting out of debt isn’t impossible. Like any big goal, all that it takes is an action plan to identify where you are and creating a plan to zero out your debt.

Identifying All of Your Debts

The first part of paying off your debt is getting a complete picture of what you owe. When you have everything written out in front of you, it makes it much easier to create an action plan. Depending on how much you owe, it might also help you realize it’s not as bad you might have originally thought.

Here’s how you can get started identifying your debts:

1. Own Your Debt

Before you start identifying all of your debts, take a moment to process that you have debt but want to get out of it.

Forgive yourself for any past mistakes, missed payments, or overspending. It might be painful to accept how much debt you have at first, but you must own it.

2. Make a Debt Tracker

It’s astonishing how few people ever created a tracker to understand their total debts. Most likely, it comes from not wanting to accept the guilt of having debt, but, if avoided, it can make it nearly impossible to get out of debt.

Open up a new Google or Microsoft Excel sheet and list out all of your debts. Start with the name of the creditor, interest rates, total balance, loan term length (if any), and the minimum amount due each payment. This will include student loans, credit cards, and any other type of debt owed.

3. Get Your Debt Number

Once you’ve made your debt tracker and taken the other steps, identify your total payoff number. This is crucial, as you will have a starting point and a clear goal that you are trying to achieve.

Prioritizing Your Debts

All debt is not created equal. It’s imperative to understand that there are different types of debt.

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1. Understand Bad and Good Debts

Bad debts are usually paying for things you want instead of always need. While there might be some emergencies that max out your credit cards, often times it’s excessive spending[1].

There are three main types of bad debt:

  • Credit Card Debt: The average American household owes over $16,000 in credit card debt!
  • Auto Loan Debt: According to CNBC , the average auto loan in the US is $30,032!
  • Consumer Loan Debt: Consumer loan debt isn’t as common as credit card and auto loan debt, but it’s still considered bad as interest rates are usually between 10-28%.

Good debt is identified as investments in your future. Here are three common types of good debt:

  • Student Loan Debt
  • Mortgage Loan
  • Business Loans

2. Decide Which Debt to Pay off First

Once you know each type of debt and their interest rates, you can begin to pay off debt quickly.

Focus on paying off bad debt first, regardless of if it is a credit card or auto loan. Start by paying off the loan with the highest interest rate first.

If you have several credit cards with different interest rates, you want to focus on the one with a higher APR. You will actually save more money by eliminating the card with the highest interest rate.

3. Don’t Pay the Minimum Amount

Paying the minimum amount digs you into a hole as interest rates will offset your payment. Even a small amount more than the minimum can help you pay off debt much faster.

Removing Obstacles to Pay off Debt Quickly

Creating a debt tracker and prioritizing a plan is simple, but avoiding temptation can be difficult.

1. Set a Reminder to Track Your Debt

“If you can’t measure it you can’t manage it.” -Peter Drucker

It’s so important to track your debt to ensure that you get it paid off quickly. Similar to working out and measuring your results, you need to track your debt constantly. Start with a weekly reminder, where you sign on and log your updated number. Did you increase, decrease, or stay the same?

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Regularly tracking your student loan balance can be incredibly motivating, as well. You will get a huge confidence boost each time you see your total debt amount decreases.

Set weekly and monthly goals so you can have short term wins and keep the momentum going.

2. Hide Your Credit Cards

If your biggest debt is credit cards, you need to eliminate temptation and remove them from your wallet.

Some people have gone to extreme measures by freezing their credit cards. Why? This would create an ice block around your card, which would require you to chip away at it slowly. This will give you time to think if it’s the best idea to buy that thing you’re about to buy.

3. Automate Everything

Willpower can be a huge downfall to paying off your debt. By automating your bills each month, you will ensure that willpower isn’t involved.

4. Plan Ahead

Getting out of debt will require some sacrifices, but with enough planning, you can make it work.

For example, if you know that you have a friend’s birthday or family dinner coming up, plan ahead for the costs. Whether you need to cut back on spending the week before, pick up a side job, or meet them after dinner, do what is needed.

5. Live Cheaply

The only way to get out of debt is to make some sacrifices on your spending habits. Find ways to save money each month so you can apply that amount to your outstanding debts. Here are some ways to save money each month:

  • Live with roommates
  • Cook dinners and prepare lunches for work instead of eating out
  • Cut cable and choose Netflix or Amazon Prime
  • Take public transit or bike to work

Finding the Lowest Interest Rates

The higher your interest rates, the harder (and longer) it will take you to pay off any debt.

If possible, you want to find ways to lower your interest rates to help get out of debt quickly. Here’s how you can get started:

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1. Maintain a High Credit Score

Your credit score will have a large impact on your ability to refinance your loans and receive a lower interest rate. If you have a low credit score, it’s unlikely you will be able to refinance your loans. Use these credit tips to increase and maintain an excellent score:

  • Never miss a payment
  • Don’t exceed 30% of your credit limit
  • Don’t sign up for more than one card at once
  • Limit hard inquires, like auto-loans and new credit cards
  • Monitor frequently with free credit-tracking software

2. Find Balance Transfer Offers

Start by opening a free account on credit.com. Credit.com offers you the chance to open a free account and see what type of balance transfer offers you can receive. Some of your existing credit cards might already have 0% or lower APR balance transfer offers available.

Contact each of your credit card providers to ask about lowering your rate for a one-time balance transfer offer[2].

If you do take advantage of this option, make sure that you use a balance transfer and not a cash advance. Cash advances have a ton of high interest fees (15-25%, depending on your credit card) and will only compound your debt problem.

How to Get Rid of Debt Forever

Setting up a plan, removing temptations, and getting the lowest interest rates is the first step to get out of debt.

1. Keep Monitoring and Adjusting

Once you have a plan, don’t get comfortable. Track your debt payoff plan and make the necessary adjustments when needed.

Monitor your credit scores with a free site like CreditKarma. The higher your credit score climbs, the more likely you will be to secure a new, lower-interest loan.

2. Earn More Money

There are only so many ways to save money. Instead of clipping another coupon or making sacrifices for your morning coffee, find ways to earn more money!

Think about it…it is much easier to find ways to earn an extra $1,000 per month than find $1,000 to cut from your budget.

Here are some examples of ways to earn more money:

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Talk to Your Boss

Have a conversation with your boss about current salary and/or commission rates. If you’re not satisfied or want a change, don’t be afraid to look around at other positions. Some of them might even have a student loan debt reimbursement plan!

Start a Side Hustle

This could be coaching students on the weekends, driving for Uber, or taking paid online surveys. There are tons of ways to make money outside your 9-5. Now that you have a clear plan to pay off your debts, you’ll be more motivated than ever to figure out creative new ways to earn money.

Build an Online Business

There are so many websites and blogs that earn money from ads, affiliates, and other online products. Find your niche and get started.

3. Celebrate Your Wins

As you progress in your debt payoff journey, don’t forget to celebrate your wins. You need to always reward yourself for the hard work and discipline that is required to get out of debt.

While you shouldn’t celebrate so big that it increases debt, make sure to factor in little rewards to keep you motivated.

4. Set New Financial Goals

Eventually, with a plan and these steps, you can rid yourself of your debt. Once you do, make sure to celebrate your monumental achievement, but don’t stop there.

Now, you can focus on acquiring wealth and increasing your net worth. Set new financial goals so you have a new target to aim toward. Here’s how to set financial goals and actually meet them.

These could be anything now that you are debt free! Think about where you want to travel, buying your first home, or saving for your future retirement. Just like before, make sure that your goals are specific, measurable, and achievable.

Conclusion

Congrats, you can now set a plan in motion to finally pay off your debt quickly (and hopefully forever)!

Remember, if you want to get out of debt quickly, it’s not always easy. Just like any big goal, there will be sacrifices, challenges, and problems to overcome.

More Tips on Getting out of Debt

Featured photo credit: Pepi Stojanovski via unsplash.com

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