Skip to content

How Families Can Afford to Travel (Without a Trust Fund)

March 01, 2019
8 min read
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available. View the current offers here.

Our family of four manages to travel together five to six times a year. Last year this included trips to Costa Rica, Chicago, Hawaii, Fort Myers and Sanibel Island, Kenya, and a Southwest RV road trip. When most people hear about these adventures, they assume we're rich. However, as a middle-class family without a trust fund to lean on, that is far from the truth. Here are seven ways we can afford to travel without a trust fund -- and how your family can, too.

Our family enjoying the Willis Tower Skydeck in Chicago.

1. Have a Dedicated Vacation Savings Account

What’s that phrase, “If you don’t see it, you won’t miss it”? We have an agreed upon amount of money that goes directly into our vacation savings account each month. Having that separation from your regular savings account or checking account makes a huge difference. You’ll always know what you can and cannot afford when it comes to travel based on what you have in this account or how much will be in there when your trip arrives.

2. Be Willing to Sacrifice and Have Strict Budgets

Let's be real: A dedicated vacation savings account means nothing if you don't have the funds to deposit into it. Frequent travel as a middle-class family takes a lot of sacrifice. Since we prioritize travel, we made significant changes to our lifestyle to have the money to put into our dedicated vacation savings account. Our family decided to give up cable, limit our eating out budget to $100/month, use Groupon to purchase fun things for us to do as a family and more. You know your budget better than anyone, as well as what you’re willing to give up. Whether that’s your daily Starbucks coffee, designer clothing, hair and nail appointments, or watching movies in the theater versus Netflix, you'll need to decide what works best for you.

3. Use Credit Card Bonuses and Miles for Flights and Hotels

At least one of our trips each year is covered directly by miles earned from credit card sign-up bonuses. When the Chase Sapphire Reserve first came out years ago, we were able to get 100,000 bonus points, which equaled to $1,500 in travel. (TPG currently values Chase Ultimate Rewards points at 2 cents, or $2,000 if you utilize transfer partners.) (The card is currently offering 60,000 bonus points after you spend $4,000 in the first three months from account opening.). We coupled that with a flight deal and were able to cover all four of our plane tickets to Thailand plus two nights of hotel accommodations with that one bonus. Many credit cards have a minimum spend of $1,000 to $3,000 in the first 90 days, which is easy to meet as a family of four. To meet the minimum spend, we put our gas, groceries, day care and other expenses on the card and pay it off in full before the month ends.

While we do make exceptions when it is really worth it (like the Sapphire Reserve), usually we prefer credit cards without an annual fee to avoid any additional expenses. Whenever we do get a card with an annual fee, because the bonus is just too good to pass up, we often downgrade the card to a no annual fee option after we’ve used our miles and before paying the fee at the first anniversary. This way, there is no negative impact on our credit, as opposed to canceling the card outright.

We used miles from a sign-up bonus to fly to Thailand.

Here are some current card offers that currently have welcome bonuses of 100,000 points and up!

4. Be Flexible With Travel Dates and Destinations

Instead of choosing where you want to travel with specific dates, be flexible. Our family travels strictly based on flight deals. So instead of saying we’re going to Amsterdam in June, we see what deals are available in June and book those instead, or look for the cheapest time to travel to Amsterdam if we are set on a destination.

Traveling this way has saved us a lot of money. We’ve purchased round-trip tickets to Denver for $60, Brazil for $314 and Aruba for $175 -- just by allowing flight deals to dictate when or where we travel. There are flight deals throughout the year, so even if you have school-aged kids and don’t want them to miss school, you’ll have plenty of options. In August 2017, we flew to Amsterdam for $200 round-trip each, thanks to a $400 flight deal on Delta coupled with using some miles to reduce the cost.

Sign up for our daily newsletter

Another opportunity to explore are the reduced mileage awards that American Airlines offers its cobranded credit card holders to different destinations each month saving you between 1,000 and 7,500 miles per round-trip award ticket (depending on the route and the type of cobranded credit card you have).

5. Book Hotels With Free Breakfast and/or Kitchens

When using your points to book hotels, book those with free breakfast and/or kitchens. (Here's a list of the best hotel chains for families, according to Mommy Points.) Hotels that provide free breakfast and/or happy hour snacks in the evenings will save you a lot of cash. The same goes for hotels with kitchens, allowing you to cook some meals in your hotel. In pricy locations, it can cost close to $100 to take a family of four out for a full dinner, so think about all the money you’ll save.

Our daughter standing in the kitchen at our hotel near Disney World.

6. Travel With Friends and Family

Traveling with friends and family can significantly reduce the cost of travel. Renting a vacation home or Airbnb and splitting the cost among multiple households can save a lot. On our family trip to Hawaii, hotels were running $1,400 per week. Instead, we booked a two-bedroom vacation rental with my parents for $1,400 total. Since we split the cost, our final bill was just $700.

A view off the Road to Hana in Maui, Hawaii. (Photo by Sean Bernstein via Unsplash)

7. Book Cruises With Kids Sail Free Promotions

Cruising is already a vacation that most families find affordable since your accommodations, most food and nonalcoholic drinks and entertainment are all included in the fare. To make it even cheaper, we only book cruises with "kids sail free" or "third and/or fourth guest sail free" promotions. All the major cruise lines offer these deals and instead of paying full price for your kids, you’ll just pay taxes and gratuities.

Sometimes you can increase your savings further by looking for one-way repositioning cruises that happen certain times of the year. And of course, be sure you are earning as many points or cash back as possible when you book the cruise.

Bottom Line

With some advance planning and leveraging fare sales and miles and points, our family is able to travel extensively while living on a budget, and decidedly without a trust fund. We're proud to make it a priority to introduce the world to our kids and make special memories with them as we travel the globe.

Monet Hambrick is the mom and writer behind The Traveling Child blog where she shares tips on traveling with kids and how to afford travel as a family. Her motto is “if kids live there, kids can visit” and she and her husband have taken their 2 and 4 year old to 21 countries on six continents. You can follow along their family adventures on Instagram.

Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Top offers from our partners

How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
See all best card offers

TPG featured card

Best premium travel card for value
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

1 - 10X points
10xEarn 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards®.
5xEarn 5x total points on flights through Chase Ultimate Rewards®.
3xEarn 3x points on other travel and dining.
1xEarn 1 point per $1 spent on all other purchases

Intro offer

80,000 bonus points
Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®

Annual Fee

$550

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

If you are looking to take your premium rewards to the highest level, this card is really a no brainer in our eyes. Chase's Ultimate Rewards make points easy to redeem, with a wide range of 10 airline and three hotel transfer partners and a friendly user interface. Despite the high annual fee, Chase is consistently adding new benefits to keep the card competitive in a fierce premium rewards field.

Pros

  • $300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year
  • Access to Chase Ultimate Rewards hotel and airline travel partners
  • Unlimited 3x points on the broad category of travel and dining
  • 50% more value when you redeem your points for travel through Chase Ultimate Rewards®
  • Broad definitions for travel and dining bonus categories

Cons

  • Steep $550 annual fee
  • May not make sense for people that don't travel frequently
  • You must spend the $300 travel credit before earning 3x points for travel and dining
  • No automatic hotel elite status
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,200 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
Best premium travel card for value
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10xEarn 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards®.
5xEarn 5x total points on flights through Chase Ultimate Rewards®.
3xEarn 3x points on other travel and dining.
1xEarn 1 point per $1 spent on all other purchases
  • Intro Offer
    Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®

    80,000 bonus points
  • Annual Fee

    $550
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

If you are looking to take your premium rewards to the highest level, this card is really a no brainer in our eyes. Chase's Ultimate Rewards make points easy to redeem, with a wide range of 10 airline and three hotel transfer partners and a friendly user interface. Despite the high annual fee, Chase is consistently adding new benefits to keep the card competitive in a fierce premium rewards field.

Pros

  • $300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year
  • Access to Chase Ultimate Rewards hotel and airline travel partners
  • Unlimited 3x points on the broad category of travel and dining
  • 50% more value when you redeem your points for travel through Chase Ultimate Rewards®
  • Broad definitions for travel and dining bonus categories

Cons

  • Steep $550 annual fee
  • May not make sense for people that don't travel frequently
  • You must spend the $300 travel credit before earning 3x points for travel and dining
  • No automatic hotel elite status
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,200 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more