Having a staycation rather than going on a typical vacation can save you a lot of money.
You dont have to pay for a flight, a rental car or a place to stay.
Thats why its important to budget for a staycation.
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First, youll want to think about your expenses.
What do you plan to do during your staycation?
A staycation can be as cheap or as expensive as you make it.
Will you cook your own meals, or are you thinking about eating out most of the time?
If your anticipated costs are less than that budgeted amount, then youre ready to enjoy your staycation.
If your staycation costs are more, youll need to save up for the extra expense over time.
This is called setting up asinking fund.
Having extra wiggle room in your staycation budget gives you the freedom to enjoy yourself without worrying about money.
Nicole Dow is a senior writer at The Penny Hoarder.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…