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Involving kids in family vacation planning

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By Jason Alderman

Family vacations produce memories for a lifetime, but they can also teach kids great money lessons they’ll need as adults.
Involving kids in planning family vacations not only helps them appreciate the overall benefits of travel, but offers an opportunity for even the youngest kids to learn lessons about budgeting, saving and essential money management they will encounter every day.
If you have trouble tearing your kids away from their smartphones, you might be in luck. The technology kids use can be very effective in budgeting, pricing and planning travel. Surfing travel destinations can teach kids a great deal about what travel really costs.
The first step in planning the family vacation should be creating a budget for the trip. Set a realistic dollar limit for the trip and bΩe prepared to discuss why that limit exists. For example, if there is a home renovation project scheduled that particular year, explain how that affects the overall family budget and the resources for the trip. It’s an important lesson in balancing fun and family priorities.


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