Money flows more freely when we’re away from the daily grind. Teach your kids how to vacation while still being in control of spending.
This month’s goal: Show kids typical wallet-draining vacation costs and how to avoid them.
Pointers to cover:
- Costs of snacks and drinks on the road vs. snacks and drinks brought from home.
- The lure and the lie of “I can only do this here and now” thinking while on vacation.
- Exorbitantly overpriced souvenirs.
- How having an amazing time does not have to mean spending lots of money.
For kids under age 9:
- Why do you think people save up all year to go on vacation?
- Is it more fun to purchase snacks and drinks at a rest stop than to bring them from home? Is it worth the price? Would you rather spend that money on chips and soda or on doing something fun?
- If you could choose what to spend the most money on while on vacation, what would you choose? (i.e. eating out, amusement parks, souvenirs, hotel stay, etc.)
For kids over age 9:
- How much money do you think a typical day on vacation costs us?
- Are souvenirs ever worth it?
- What kind of attractions does it make sense to spend money on while on vacation?
- Can you think of ways a family can stick to their budget while on vacation?