While family vacations can be costly, there are ways to enjoy them without compromising your budget—plus, vacation planning can be an important lesson in financial literacy for kids.
Vacations, whether just days spent a few hours’ drive away, a month spent exploring a city across the world, or somewhere in between, shake us up, reset our balance, provide a thousand teaching moments for kids. Of course, travel—especially with children—is both important for kids’ growth and a huge luxury.
“Saving for a family vacation can feel like a daunting task when trying to balance competing interests like extracurricular activities for the kids or even just paying the basic bills,” says Myriah Lipke, a certified financial planner with Pennsylvania-based Stone Pine Financial Partners.
