Dream vacations come in all shapes and sizes and are unique to every traveler yet according to a recent Bank of America survey, 72 percent of Americans say they haven’t taken their dream vacation because they think it is too expensive. The good news is that savvy planning and the right rewards credit card can help make your dream vacation a reality.
Travel expert and Food Network host Ted Allen has partnered with Bank of America to provide tips on how to be smart about your finances when planning your dream vacation.
Plan Ahead & Save
For 63 percent of Americans, paying for a dream vacation comes out of their own pockets, but experiencing the time of your life doesn’t have to put a dent in your wallet.
Ted’s secret to creating an affordable and enjoyable getaway is to plan ahead. By monitoring airfare and hotel rates a few months out, you can often save hundreds of dollars by avoiding last minute price surges. The same goes for traveling off season: by going on a trip during off-peak times, you can stretch your budget further and avoid the crowds.
Additionally, Ted recommends using a credit card that rewards you for purchases you make throughout the year.
Be a Savvy Splurger
A dream vacation can lead many travelers to spend extra on everything from activities to rentals. In fact, 46 percent of Americans report that while vacationing they get caught up in the experience and are more likely to splurge. Specifically, almost a quarter of Americans said they are most likely to spend more on food and beverages while on vacation.
For a Chance to Win a Dream Vacation
To learn more about making your dream vacation a reality and for a chance to win one of your own, visit www.TravelandLeisure.com/dreamvacation.