How to Make Your Dream Vacation a Reality Without Going Broke

This is it. This is the year you’re finally going to take your dream vacation. Whether your dream is to go to the mountains or an island, if it’s a summer trip or Christmas trip, with your family or with some friends, we’re here to help you make it a reality.

It can be tough to make your dream vacation a reality without going broke, and many people think it’s impossible, which is why very few people ever make it happen. But with a little help from us and a little dedication on your part, it doesn’t have to be just a dream.

Here are our top 5 ways to make your dream vacation a reality without going broke:

  1. Be specific. Setting a specific time and place is step one. No, you don’t have to have all of your hotel accommodations finalized before moving on to step two, but you should know exactly where your dream vacation is taking place, and the time frame in which you want to travel. Map out the different cities you want to travel to, or the area you’d like to stay in. This will help you be realistic.

  2. Look for travel benefits. Depending on your financial situation, this may come in the form of an airline credit card or a hotel line loyalty program. You can save a lot of money simply by planning ahead.

  3. Research pricing and financial trends for your destination. It’s impossible to save for your dream vacation if you don’t know how much you’ll need. Hotel and flight prices are important, but make sure this is only a starting place. Research how expensive food, attractions, and travel can be in your destination in order to properly gauge how much you’ll need for your trip. And find out how these trends change in various seasons - is travel cheaper in the winter? Remember to round up; you’d rather have excess money than not enough!

  4. Check Groupon. Not only can you find ways to save money on fun experiences while on your trip, but you might even be able to find a place to stay. Many Groupon Getaways even include air travel, which can be a huge money saver for you. It can feel intimidating to book a vacation with a “coupon,” but as long as you do your research and you’re smart about these deals, they can mean incredible experiences for way less than you’d typically spend.

  5. Set up a savings goal for your trip. When you think of saving, you probably think of saving for the future, for an emergency, or for retirement. But here at Wela, we believe in experiential savings. We believe you should be able to save up for those experiences you’ve always wanted in addition to saving up for retirement and the rest of the “fun stuff.” Simply download the Wela app and set a goal for the price you’ll need for your vacation. Benjamin, your “financial butler” will set a Daily Spend Limit for you, which will help you reach this goal while still staying on top of your finances.

Here’s why Daily Spend Limit works and how it can help you save up for your dream vacation without going broke:

Good luck as you plan your dream vacation - you deserve it! Don’t forget to stay in close communication with Benjamin as you plan, and let us know how Daily Spend Limit helped you!