No matter if you’re deep in debt or have a spotless financial record, everyone deserves rest. And what’s more, you don’t need to spend big to enjoy summer.
If you’re already in debt, it’s still possible to take time off without adding to the problem. With a few smart choices, you can plan something meaningful, affordable and fun.
Keep the Pressure Off
You might not be able to afford a five-star hotel, but that doesn’t mean the quality of your vacation can’t be exceptional.
Social media and ads might make it feel like you need flights, resorts or full schedules, but remember that a lot of what you see online is marketing — or itself driven by debt. The real goal of time off is to rest, recharge and connect with people you care about. Simple doesn’t mean basic — so make space for yourself to indulge in the good life on your budget.
Summer Vacation Ideas That Don’t Break the Bank
These are suggestions to get your creative juices going — and to ensure things stay affordable, focus your ideas on experiences, not spending.
Day Trips
Pack a lunch and head for a nearby beach, lake or hiking trail. You’ll save on hotels and meals without missing out on the experience.
Local events
Many cities host free concerts, movie nights or outdoor festivals in the summer. Pack a picnic dinner and go enjoy the show — and the people watching.
Museum free days
Some museums offer free admission once a month, so it’s possible to indulge in some art, history and science without the expensive tickets.
Go Camping
Campgrounds can cost a fraction of a hotel stay, especially at state or national parks.
And don’t forget to invite friends, family and other loved ones to get in on the fun! By planning ahead and splitting costs, you can get a lot more mileage out of your vacation.
Set a Micro-Budget That Works
The most important part of summer vacation planning is knowing what you can afford. Start with a max amount you can comfortably spend that doesn’t require leaning on a credit card to make it work.
Break that number down into travel costs, food, drinks, activities, entry fees and extras, like snacks and sunscreen.
Now, the hard part:L Stick to your total. Using cash or a prepaid card can help you stay on track, and avoid tal;king yourself into last-minute splurges. If something doesn’t fit the budget, leave it out.
If You’ve Already Charged a Trip
If your vacation is already booked and sitting on your credit card, don’t panic. You can make a small extra payment as soon as you can, pause other non-essentials and put that money toward the balance and use any one-time income (like a tax refund or gift) to make a dent. Don’t let your debt spiral out of control, or your vacation will feel less than relaxing upon your return.
And if summer expenses added to debt you were already juggling, it might be time to think about a larger solution. Debt consolidation can be a powerful solution to get you out of debt faster — and even save you 40% or more on eligible monthly debt payments.