How I Spent $300 Too Much on Vacation – And What to do About it Part I

overspent-on-vacation

Is this us? Nope, since it was cloudy our entire time….but at least we got to spend time together.

Recently I had a lovely vacation with Mr. RichMama. We had nice (but not crazy) hotel room on a wonderful seaside island in the Northeast for 3 nights and 4-ish days. We got a good deal on the room – about $125 a night so all we had to pay for were meals and entertainment. The place we stayed in was quaint and not too much to do in the way of entertainment – beach, swimming, golf and eating – which was just fine with us. However, I realized as I jotted down just about everything we spent, that we went over our vacation budget (I’d given us a rough budget of about $800) by $300 – YIKES… I am sure this has happened to many of us out there – after all, you’re on vacation, so who wants to stick to a budget. But we always have to pay the piper, so this series  is about what we’re going to do for the rest of the month to make up for it for all the extra dough we spent in the first 3 days of the month.

Since we paid for things with a mix of cash and credit card our spending budget for the month is already depleted and we’ll have a balance to pay off at the end of the month. So I need to cut our ongoing expenses and/or make up the shortfall with extra income.

Plus, I’ll take any tips on how you guys would make up for this shortfall – except of course for pulling the money out of savings – which is possible, but not as much fun – at least for a RichMama.

So the first step was realizing just how much we spent – most of this was on room, and dining out. A round of golf was surprising affordable and the only ‘shopping’ we did was buying some t-shirts for the kids.

I wrote down each purchase on my Phone notes app and then added it up afterwards – and nearly had a panic attack and then calmed down, realizing that this problem can be addressed.

  1. First money saving step – no more eating out for at least a week. The night we got home, we got take out – pizza – due to time constraints but that was it. The next morning I bought the weekly groceries (spent $250) and I that’s it – we’re not going out until at least the 15th of the month – not even for pizza. I’ll let Mr. RichMama go out for lunch during the week, but the kids and I will be dining inside – Note this is made easier by the fact the kids are camp all next week so we have pre-planned activities (and since I already paid for this, there’s no sense in cutting this out to recoup some cash). Estimated Savings – $50
  2. We skipped the fair.  And didn’t tell the kids…the annual fair/carnival is town and normally we would take the kids and spend a lot of money in about three hours on rides, food and junk…so we’re keeping quiet on it (helps the kids are young) and not going   $75 Saved
  3. Make more money – I have decided (especially since we’ve already committed to another vacation expense this month) that I need to make some extra money this month – as a consequence I am working harder on my freelance writing, accepting more jobs and bidding on more.  So far I have managed to add about – $50…(Working takes time and I have three kids underfoot so there’s a limit to how much work I can take on without giving up sleeping…or everything else.)

So will I make it? I will give you an update next week – and in the meantime – please let me know any tips you have!