From a financial management perspective, a vacation should not be considered a reason to overspend, said Carol Young, Kansas State University Research and Extension financial management specialist. Running up vacation bills may shortchange savings for an emergency fund, car repair or retirement savings contribution.
Saying that isn't the same as saying that you don't deserve time off or an occasional treat, said Young, who advised modifying vacation plans to match the money available.
Suppose, for example, that a family of four has set aside $100 each month for a year to pay for a four-to five-day vacation to a metropolitan area in their state to visit museums and an amusement- sports complex.
More information on managing money is available at county and district K-State Research and Extension offices and on the Web site: http://www.oznet.ksu.edu/financialmanagement
Also check out: 10 Budget-friendly vacation ideas
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