This spring, I’ll be heading off to the Big Apple to visit friends and enjoy some time off. In the past, I’ve shied away from setting or following a budget while on vacation. It felt good to take a break from budgeting, but this unregulated spending often led to piles of leftovers after eating out, an overstuffed suitcase packed with too many souvenirs, and -worst of all- an empty bank account.
This year, I’ve resolved to be smarter and less wasteful with my vacation spending. Following the principles of envelope budgeting I want to set a budget for my vacation now and start funding it in advance of my trip. By putting money aside today, I hope to enjoy my vacation tomorrow without having to dip into my savings.
With EEBA, I was able to do this in two easy steps.
- I used the Edit Budget page to create a new Annual / Irregular Envelope called “NYC” and gave it a budget to match how much I intend to spend for the entire trip. This lets me build up my vacation fund and track my progress over time.
- To start filling the Envelope now I adjusted my monthly Scheduled Fill to add less to my “Groceries” and “Entertainment” Envelopes, putting what I saved into the “NYC” Envelope. It wasn’t easy deciding where to cut back, but overall it’s a trade-off that I’m willing to make to be able to afford my vacation.
Now I can sit back, stick with my budget, and let my NYC Envelope fill up!(Photo: Joisey showaa/Flickr Creative Commons)