Kiplinger

Budget Travel Tips Straight from a Financial Planner's Own Family Trip Abroad

When my husband and I revealed that we were making a dream of spending three months abroad in Spain with our three kids a reality, the people we told were happy for us ... but we could almost see the wheels turning in their heads. Hmm, three months, five people, that sounds outrageously expensive.

So, it's time to address the elephant in the room. Probably the question you most want to ask but were too afraid (at the risk of sounding impolite): How did we pay for three months abroad in Spain as a family of five?

I'm willing to bare all, financially speaking, so that you can see how we did it, and so that maybe you can make one of your big dreams a reality, too.

In short, there were three key elements (the three Ps):

  1. Planning
  2. Prepayment of large expenses, and
  3. Purchases abroad

Let's break apart each of the P's in detail. I'm going to use my family's story as an

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