Money-Saving Challenge for May: Cancel your Summer Vacation
The good news is that you don’t have to do anything. The bad news is that you’ll have to refrain from planning a trip. If you get tempted by travel deals in your inbox or get the urge to travel spontaneously when your monthly travel magazine comes in the mail then you might want to cancel those things so that you aren’t tempted. Make a commitment to yourself not to take a trip this summer and figure out a way to stick with that.
How Much You Can Save
Realizing just how much you can save by simply not taking a summer vacation is a great incentive to not take it. Think about the average cost of your normal family vacations. Factor in plane travel, dining out, car rental, a week or so of hotel rooms and whatever you spend on attractions and activities. That amount adds up. You’ll easily save more than the monthly target of £60 ($100). In fact, many families will save ten times that amount just by canceling a summer trip. This puts you well on your way towards exceeding our 2010 money-saving challenge financial goal and will give you some extra money at the end of the year to have some fun, pay off debts or start a savings account.
