Making Kids Money Masters


Saving for summer vacation

July 17, 2014

Hello everyone,

Summer is the prime time for families to go on day trips and vacations. Kids rarely understand how expensive these trips are, but always want to enjoy these summer experiences. One way to help children learn about basic vacation expenses is to plan the trips with them.

While planning your trip with your children explain how to budget wisely. One example is to put money aside each month or week to help pay for the expenses for the upcoming trip while still managing everyday bills.

If you want your child to contribute, have them save a dollar a day during the summer. By the end of the summer, they’ll have enough to contribute to an amusement park, zoo, or other summer attractions.


Getaways might be fun but they’re not always friendly to your pockets. Here are a few tips to help with planning an inexpensive trip:

Plan ahead:

Whether you’re flying or driving to an out-of-state destination or just going to your local amusement park, it’s good to plan ahead. If you book a few months in advance you might get better airfare and hotel deals. Some amusement parks also have discounted rates when you purchase advanced tickets on their websites the same day or a week prior, which saves money from purchasing at the gate.

Season Passes:

Live near a zoo or a local attraction? Consider purchasing a season pass. You can visit each attraction throughout the summer and the pass pays for itself after three or four visits.


Group Rates:

If you’re traveling with a large group and plan at least a month in advance you can get a group discount for your party.


Local free attractions:

Research summer events in your that area are free for the family or just kids. Activities like concerts, baseball games, or even going to the beach can be free or inexpensive things to do for the day.

What do you have planned this summer? Have you started saving yet?

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