Holiday savings — 3 top tips for parents

 

21

DECEMBER 2020

When you have children, it doesn’t mean that you’ve to stop traveling.

Instead, you may need to change the ways in which you spend, save, and even the type of travel you choose.

The truth is that you may no longer be able to bar-hop your way across different countries and continents. However, you can still relax and enjoy the cultural aspects that different countries have to offer.

Holiday savings for today and tomorrow

At the same time, you also want to make sure that your children have what they need when they grow up.

Travel can help broaden to their minds, and educate them on subjects they may not necessarily cover in school. But, there’s still more to consider.

Saving for a brighter future 

Saving up for a holiday can amount to a lot of money for one person. And, when you bring a child into the mix, it’s understandable that the cost will be even higher.

You want to make sure that you have enough money to provide for now, as well as for their future. For this to happen, it may become necessary to have more than one savings account in tow.

If you’re organized, and do so in advance, opening an ISA account is a good idea. You can increase the amount of money you have to go towards your trip and be better prepared.

Other financial options — holiday savings

At the same time, you can also open junior investment ISAs. Over the years, your input will grow and your children will have savings once they reach adulthood.

They could use this for their own travels, or even put it towards their first car. It gives them more of an opportunity to make their own memories in the future.

Boy and girl on beach - holiday savings

Travel, and save for your children’s future at the same time

 

“When you have children, it doesn’t mean that you’ve to stop traveling.

Planning travel around education

Making sure that your children get the best education may contribute greatly towards their success in life. For this to happen, you may need to better organize when you plan on taking family trips.

It’s true that school holidays are pricier when deciding to travel. However, it also means that you won’t get in trouble with your child’s school, and more importantly, they won’t miss out on their education. This is even more significant as your child reaches GCSE or A-Level ages.

At the same time, you can also include educational aspects within your trips. Visiting museums and historic sites doesn’t need to be boring. For example, exploring the architecture in Venice allows your child to learn and experience more than a book may offer.

Choose the right destination — holiday savings

When traveling with children, the destination of your holiday may also be subject to change.

Backpacking to places more off the beaten track may be out of the question when you have an infant. They need regular changing, feeding, as well as plenty of adequate rest.

Younger children may also find some tours boring, so you’ll need to factor something fun to keep them entertained.

Many popular tourist destinations now have kids’ clubs. You can leave the children in safe hands while you enjoy some downtime, maybe in a luxury spa.

Going on holiday and traveling doesn’t have to end because you have children.

Instead, you can find fun ways to incorporate your love of traveling into all of your lives. Your children will have plenty experiences and fond memories, not to mention a broader understanding of other countries and cultures.

Disclosure: This post was written in collaboration with Wealthify.com. It may contain affiliate links, which means I may receive a commission if you click a link and purchase something that I’ve recommended. Thank you for your support.

Lisa Rivera

Lisa Rivera

Founder

 

Welcome to my site! I'm Lisa, founder of Following the Rivera. I write primarily for a ‘flashpacker’ audience, a demographic (late 20s onward) that enjoys glamping over camping and staying at boutique/luxury boutique hotels. Flashpackers also like to indulge in the local food and wine, cultural activities, as well as a spot of wellness on their travels. Want to know more? Read on....

       

 

Saving for holidays with children 1
Lisa R sitting in a wicker chair

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