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08.24.08

Summer Vacation: Managing the Cost

Posted in Kids and Money at 11:13 am by CreditMom

As I sit here preparing for my last post before we go on a much needed family vacation, many ideas run through my mind.  Do I blog about my son’s struggle budgeting his weekly allowance?  Or the pile of bills waiting to be paid before we leave?  What about the $200 I just deposited at Staples for the twins’ school supplies (we haven’t even gotten to the 14 year old’s supplies yet) or do I write about how we’re going to pay for our vacation without going into credit card debt?  What is it about taking a vacation that creates a pool of stress?

The underlying theme is the same.  How do you manage when the cost of your everyday expenses keeps increasing?  What do you cut back on?  I feel we live a pretty simple life but I guess it’s all relative.  We don’t drive luxury cars or live in a luxury home.  We don’t take exotic vacations (this one is a road trip to the Maryland shore).  Our weekly food bill has increased by over $20 a week , gasoline prices are…well we won’t even go there, and even school supplies have increased exponentially!  I mean what happened to the Staples August sale this year??

How do you do it without getting into credit card debt?  I swear by my debit card because I feel it’s the closest thing to cash.  If I don’t have it in the bank, I can’t put it on the card, plain and simple. 

Well, in reading over this post I realize I DO need a vacation!  So I’ll leave you with that and when I return I’ll let you know how we managed this vacation on a budget.