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5 Tips for Saving Money on a Family Vacation

Think Bigger and Better

A hotel or motel room is nothing like your own home. It's much smaller and doesn't often have all the amenities of your own abode -- like a washer and dryer, stove and multiple bathrooms. And yet, it accounts for one of the biggest expenses of your vacation. It's like paying a second mortgage ... on a studio apartment. So, why not stay in a house instead?

If you're planning to stay in the same general location for several days or even weeks, then it may be cheaper to rent a home, cabin or condominium than paying a daily rate at a hotel. This is especially true if your family or group is relatively large. All of you can split the expense and cut the rental costs even further. You can even stock up on food items to save cash on eating out. Plus, you can stretch out and maybe even have some space of your own. If your travel mates get on your nerves after a couple of days, it's nice to know you have a bedroom door you can lock and bury your head in a good book.