How To Plan An Awesome Vacation On A Budget

Hi guys,

There is a popular belief that going on a vacation has to cost a fortune but I’ll let you in on a little secret – it doesn’t.

One of my plans is to go on a vacation this year and if you want to travel, like me – or you’re just looking for a great way to spend time with friends or old squad without cleaning out your savings, then you need to plan and be strategic about it.

Here are some key points to keep in mind as you start your vacation planning:

beach-umbrella-parasol-sun-vacation-vector-12899827.jpg Figure out your Travel Goal


If you are really serious about going on a vacation, the first most important thing is to make a plan. At this point, you have to start asking yourself questions.

Where do you want to go? When? Do you want to stay in a hotel or you have an alternative? Are there discounts for the flight? Is it a road trip?Are you going with people or by yourself? Is it affordable? Are there enough activities you can engage in? Will it make you happy?

Having a plan and figuring out the costs will help you have a better sense of  what you need to do to stay on track. Once you have a rough idea of the type of trip you’re looking for, you can figure out how much you need to save.

beach-umbrella-parasol-sun-vacation-vector-12899827.jpg Pick a Location Within your Country Budget

IMG_9297– La Campagne Tropicana Beach Resort, Lagos, Nigeria

Going on a vacation doesn’t have to be outside the country. Yes, its awesome to travel outside the country and experience their culture, if you can afford it. But if you really need to go on adventure and you’re on a tight budget, you can also look within. You can check out states and tourist centers you’ve never  been to and experience the different cultures. You’d be amazed at how much fun is hidden undiscovered just under your nose.

5-Whispering Palms, Badagry, Nigeria

Even within your country, you have to choose your destination wisely. Pick a place that has affordable activities, lodging and food so that you don’t end up spending a lot of money during your stay.

beach-umbrella-parasol-sun-vacation-vector-12899827.jpgAutomate Your Savings Strategy


Once you’ve figured out your plan, the next step is to start saving aggressively. You need to set up a special savings account for your vacation and be consistent with the savings. You can set up an online digital savings account(e.g achieve this. Every week or month, automate a small portion of your bank account to transfer to your travel savings account.

Automated savings can be life-changing. And if you use a saving app, it will help you achieve your goal faster because you can monitor it.

beach-umbrella-parasol-sun-vacation-vector-12899827.jpgConsider The Best Mode Of TransportationPillars_RoadTrips_OR_RD_11220565_1280x640

It’s also important you do research about transportation in the place you’ll be visiting. Let’s assume you’re going on a vacation within your country or in a close by country, a road trip could be more affordable and interesting. Don’t take a flight or rent a car just because you want to. Remember your budget and stick to low cost activities.

Use an uber/taxify or rent cars, when it’s really necessary. Take their shuttles or public transport to better explore.

beach-umbrella-parasol-sun-vacation-vector-12899827.jpgDiscounts, discounts, more discounts!


You can also  try to take advantage of various travel discounts especially during festive seasons or even the off seasons. In order to keep up with them,  you can  subscribe to any number of websites that send  travel deals (travelstart, wakanow etc).

Asides this, you can join various organizers of tourist trips (e.g. Social Prefect, Irin Ajo) that give discount to different countries or different tourist locations.

If you follow these steps, this Eddie Murphy gif could be you! 😀


Do you have any other affordable vacation tips? Please, share them in the comments section!

Have a great week, and until next time,

Happy Economist.




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