Now that you have your vacation destination set and your budget laid out, it is time to set your budget goals. The ultimate goal is to raise the money you need for the trip and spending money but breaking this big goal into small ones are what make each step feel like a great accomplishment. I love the feeling of setting a goal, whether it is a goal for a day, a week or a month, and achieving those goals. Time to put those goals into manageable ones for your family vacation! Do you have your Family Vacation Notebook ready?
For our family vacation to Disney World, we are first saving for the deposit and airfare which is only an approximate because the airfare rate can change. Then, we have to save for the balance of the trip. Lastly, there is the most important savings…. Spending Money!
I prefer to break these larger goals down to months and then down to weeks. This makes the big goals feel so much more achievable when you see them in small amounts. So what are your goals?
Starting with our deposit which is $1300 and due on January 1st. The balance will be $7130 which I don’t find out when that is due until I pay the deposit. That part is a little frustrating because it should be broken down on the payment options page. I am going to figure that the balance will be due in March so I am breaking that down for a 3 month goal. After that we will save for our spending money which everyone knows is alot when it comes to Disney spending.
As much as I wanted to begin my savings for our family vacation in October, life and unexpected bills and car repairs proved otherwise. So we are starting our savings in November. Breaking down our deposit over the next 8 weeks, we need to save $650 per month or $163 a week. That can seem like a lot since that is nearly our rent payment a month but it is achievable with my money-saving system that I have been implementing and strategizing. (I will go over these next Sunday!)
Danyella is already enjoying participating in placing our vacation savings into the savings jar which is starting to get some money in there. Along with the Savings Blog on Sundays, I will be updating how our goals are going every Friday on my Facebook Page: Kaella Boutique so that everyone can see how my strategizing and savings are going. Feel free to like our Facebook Page so you can follow along and share your own vacation savings stories!
Your process is a great one and will help many. I always struggled with the spending money part. No matter how much I budgeted, I always go to the destination and developed the YOLO attitude. The only time we will be with the kids at this age at this place! We created awesome memories but wish I could have stuck to a budget better!
This is so organized ! We are pretty terrible at setting a budget and sticking to it. I like that you break it down per week too !
Such a great post. Love how organized it! I will save this and for sure use it in the future
Absolutely love this post! Wonderful tips!
You are super organized with your finances. I need to apply some of this tips to my own finances and budgeting.