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A yearly family vacation doesn’t have to break the bank. In fact, by making a few small changes and pinching a few pennies, you can put away enough money for a fun family vacation everyone will enjoy.
Before you begin, come up with a destination and figure out a real budget for the travel expenses that includes everything, even souvenirs. Having a goal to work toward will help keep you going.
Getting your family involved in saving for your vacation is a great way to teach your children the financial responsibility of saving for something they want, but it’s also a way to bond as a family and to get everyone excited about the trip. Whether you’re saving for a trip to Paris or a trip to the amusement park, making a few small sacrifices now will bring you a lot of fun later.