For single moms, saving up enough money to take a vacation with their kids can be a challenge when they’re working to support their household on just one income. While it’s important to create memories and escape the daily routine, often times single moms don’t have the extra money to spend on fun and travel. Below are a few tips we put together for single moms on how to provide great memories for their children while remaining on a budget.
Single Mom Vacation Tips
1. Savings Goals & Realistic Travel:
It has been my experience that when I save for a specific goal, I’m more successful. Instead of saving for a “vacation someday” try saving for a “3 day weekend trip to the beach two months from now.” Your children will most likely want to get away from home at least once this summer, so start looking into affordable vacation spot a few months in advance as prices are cheaper the further in advance you book. This gives you plenty of time to start putting money away for your much needed time away with your children.
2. Take Advantage of Online Deals:
In today’s digital world, getting deals on travel has never been easier. When it comes to places to stay you can take advantage of deals that are published by the multiple online or limited deal sites such as Groupon GetAways or Amazon Local. You can book a place to stay on AirBnB or you could partner up with another single mom to vacation together giving you a way to share the costs and have a little adult interaction while on vacation.
3. Create a Budget:
Figure out how much you will need to save towards taking a vacation, and have the money taken directly out of your paycheck and transferred into a separate savings account. I personally love using Mint.com for this, and the best part is, it’s free!
There are also a bunch of other savings apps that have popped up recently such as Digit that helps you save by taking out money based on your spending. Another free app is my app SupportPay, which helps you track the expenses around your children so you can easily see where your money is going and give you the information you need to reduce spending.
Websites and apps like these allow you to save for your vacation without having to think about it. Be sure to check in on your accounts every so often though to make sure you are staying on budget so there are no surprises when you want to take your vacation.
4. Start a Change Jar:
Pinterest has some cute ideas to decorate change jars. Some people like to save all of their change, and some prefer to save dollar bills only. Figure out what works best for you, and make it a habit to set aside the extra cash every chance you get. To encourage your kids to get involved, make a game out of collecting extra change by setting goals or rules that cost money when broken. Setting family goals that your children can participate in is a great way to teach them the value of a dollar, and how to save for activities they want to participate in.
5. Give Something Up:
If you want to get really serious about saving for a vacation, giving up something for a month or two can really make your savings account balance grow quickly. You could give up eating out for a month, not going to the movies, not buying new clothes for one month, take a cable TV break, etc. Also, you can take advantage of the sharing economy by renting items you aren’t using or you could rent out your items and make some money on items sitting around the house.
Sell Unused or Unwanted Items:
If you’ve got a little spare time on your hands, spend a couple of hours and take a quick tour of your house, pulling out all the outgrown clothing, toys, electronics, and movies that you no longer need. There have recently been several apps that have launched that make it really easy to sell your items. For example, Letgo, thredUp, and Decluttr are apps that enable you to take a picture and quickly post your item for sale. Of course, you can always have a garage sale, this could make you money and help you meet your neighbors.
Being a single mom isn’t easy but with a little planning and some creative ways to save money or make a little extra, you can give your kids the vacation memories they want with the money you have.