I feel I should answer this in more detail. I do not have a vacation *budget*, I have a vacation *savings*. I consider it irresponsible of me to budget for a vacation. Instead, I save what I can and decide on my vacation based on available funds.
I have exactly 5 savings accounts. Each savings account is used for different things. In my physical bank, that i use for my everyday stuff, I keep the minimum amount I need to avoid all fees. Then I have 4 online savings accounts because they pay better interest.
1. Auto Account - My wife's car is paid off...but I continue to "pay" her car payment every month to the savings account for a new car.
2. Emergency Account - Enough for a few months expenses if one of us lost our job
3. Vacation Savings - I put a set amount in here every month. If I have a good month I will put in a little extra. If I have some unexpected expenses, I will skip a month.
4. The "other funds" account. Basically any extra money I have that doesn't apply to those other things I put in here. When it gets big enough, I'll take some put some in IRA or College Fund.
In this way, it don't budget for a vacation. I simply save as much as I can and use it as it come. Sometimes we need to "get away" and do a couple small trips. Sometimes we do a big trip, etc.
I have exactly 5 savings accounts. Each savings account is used for different things. In my physical bank, that i use for my everyday stuff, I keep the minimum amount I need to avoid all fees. Then I have 4 online savings accounts because they pay better interest.
1. Auto Account - My wife's car is paid off...but I continue to "pay" her car payment every month to the savings account for a new car.
2. Emergency Account - Enough for a few months expenses if one of us lost our job
3. Vacation Savings - I put a set amount in here every month. If I have a good month I will put in a little extra. If I have some unexpected expenses, I will skip a month.
4. The "other funds" account. Basically any extra money I have that doesn't apply to those other things I put in here. When it gets big enough, I'll take some put some in IRA or College Fund.
In this way, it don't budget for a vacation. I simply save as much as I can and use it as it come. Sometimes we need to "get away" and do a couple small trips. Sometimes we do a big trip, etc.



