Spring break is a time that college students look forward to all winter. It’s your chance to escape the rigors of the classroom and relax on a warm beach or other exciting destination. Although spring break can be fun, the costs associated can add up quickly. With a little planning and preparation, you can enjoy a week away from studying without emptying your bank account. Use these five planning tips for a successful spring break.
- Set Your Budget
The best thing you can do is plan your spring break trip a few months in advance. This will not only give you ample time to get everything organized, but you’ll have more time to save and plan for your trip. Determine what your budget is and let that guide you’re planning. Then, take the time to research destinations and estimate the costs for each option. Transportation and lodging will likely make up the bulk of your cost, but don’t underestimate your other expenses during your trip. You may find that some trips are just too expensive based on your resources and budget.
- Split the Bill
If you’re driving to your destination, ride with friends and split the cost of fuel. Additionally, you may be able to save on hotel costs by sharing a room with friends. Those extra savings can go a long way and will give you more funds for other activities during your trip.
- Borrow – Don’t Buy
Create a packing list and figure out if there are items you don’t have but know you will need. It’s a pretty safe bet that buying something will be more expensive at your destination. Try to borrow anything you might need from friends or family, especially if it’s an item you’re unlikely to use after the trip. Try your best to anticipate everything you’ll need during your trip and pack accordingly.
- Find Fun Closer to Home
Although it sounds great to take a big trip somewhere far away, you can have just as much fun trying new things closer to home. Remember, the entire purpose of spring break is to take a break from studying, relax, and enjoy yourself. Sometimes, that might simply be going home to see family and friends. And the best part of that kind of spring break is you won’t have to spend much money at all! Check out tourist destinations in your current city to explore new activities. You’d be surprised at how many things are nearby that you may have overlooked previously. Get creative and enjoy yourself.
- Pay as You Go
Ideally, you want to be able to pay for your spring break trip with savings and not use high interest rate credit cards or even student loans to fund your adventure. Again, try to set a budget for your trip and then keep your spending within your budget. Don’t be tempted into spending more than you have or feel pressured into trying to keep up with someone else’s crazy spending sprees. Spring break can create memories that last a lifetime, but you don’t want create a financial burden that lasts a lifetime either!Enjoy your spring break and the time away from your classes. Remember to be safe and protect yourself and your belongings while traveling. A little planning and budgeting will help you have a great time and feel good about your finances when you return.
Nelnet Bank does not provide legal, investment, tax, or financial advice. This page and the information contained herein is for informational purposes only. This content is not meant to address the circumstances of any particular individual. Nothing contained in this article constitutes a recommendation or endorsement by Nelnet Bank. For specific advice about your unique circumstances, consult with a qualified professional.