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08.30.08

Summer Vacation: Here’s the Cost!

Posted in Kids and Money at 9:10 am by CreditMom

After much discussion about whether or not we could financially justify a summer vacation, we decided in favor and took a trip to the shore this week.  We cut our vacation down to 4 nights because we spent a lot of money sending our 3 kids to summer sleepaway camp this year. 

When going on a family vacation, there are certain things that I will compromise on and other things are non-negotiable.  Obviously the room has to be super clean (the key word being “room”, thus camping is definitely out of the question). Aside from that, if we’re going to the shore, the hotel must be directly on the beach, the room large enough to accommodate a family of 5 (we don’t want to pay for 2 rooms) and it must have a pool.  A washer and dryer is nice too but I can deal without it if needed.  We have long ago realized that the words “luxury” and “family vacation” do not belong in the same sentence.  So aside from those few things, we feel we’re pretty simple and budget conscious.

So what did this simple 4 nights/5 days mini vacation cost us?  A whopping $1800!!!  That doesn’t include the back to school clothes we purchased for the kids at the factory outlets we visited one rainy day.  How did we ring up an $1800 bill?  It was really quite easy.  Actually what was hard was not ringing up a $2000 bill!  Here you go:

Hotel                           $665 (4 nights)

Gas/Tolls                    $140

Food                           $650 (including dining out, groceries, snacks)

Entertainment             $137 (go karts, mini golf etc)

Dog Sitter                   $200

Total                          $1792

Was it worth the $450 per night?  Definitely.  Our children are getting older and soon won’t want to go on vacation with us, in fact our 14 year old came along kicking and screaming because he wanted to stay home and “hang out” with his friends.  But more importantly, these are the experiences and memories they will remember forever and reminisce about with their own children.  They’re not going to remember the latest PS2 game or I touch or the latest style of sneakers they just had to have.  Those are just things that will fade as fast as they came in.  But the experiences we provide them with now will shape and mold their future and hopefully make them finer individuals (ok I can be hopeful!).  If these little “mini vacations” accomplish that then they are definitely worth it.  What do you think?  Do you sometimes spend ridiculous amounts of money on “experiences”? 

 

 

 

 

 

 

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.