Get Your Kids Involved: Saving Money For Your Next Family Cruise Vacation

When you think about family cruise vacations, fun, plenty of sun and relaxation is what probably crosses your mind. Whether you realize it or not, going on a cruise vacation is a great way to teach your children life-changing lessons about managing money. Parents have the responsibility of teaching their children about good money habits and responsibility. Take every financial moment that presents itself, and turn it into a learning opportunity. Continue reading for a few ideas on how to get the kids involved with saving for your next Caribbean Cruise vacation.

Include Your Children in the Cruise Planning Process

Sit down together as a family, and research the various Caribbean cruise vacation options available. Everyone should come up with a few ideas of the the places they would like to visit. Find a cruise that best matches everyone’s wishlist. From this research, you need to have a list of the cruise lines, ships, ports of call, departure dates and the approximate cost for each cruise.

Set Your Family’s Financial Cruise Vacation Goal and Save For It

Now is the perfect time to teach your kids about saving and working towards a goal. Designate a family vacation jar for family contributions. Depending on your children’s age, they can contribute a part of their allowance to the jar, complete extra odd jobs around the home and neighborhood to earn extra money. Set milestones, and celebrate each achievement. Decide together how the money will be spent on the cruise vacation. This allows your kids to connect their saving efforts to the reward. For example, use 30 percent of the savings to put towards the cruise deposit. Split the remaining funds among the children for excursions, spending on board the ship and shopping at each port of call.

Set a Budget Aboard the Cruise Ship

Give your tweens and teens a daily budget. Allow them to choose how they want to spend the money while on vacation. This teaches them to make better cost-effective choices and the relative value of what different items cost.

FamZoo Prepaid Card Family Pack

Introduce Your Children to Prepaid Credit or Debit Cards

When you go on your cruise vacation, give your children their own prepaid cards. Don’t hand over cash. Giving teens and tweens cash is like throwing money down the drain. Prepaid credit cards help teach savvy credit card habits. Lay down the rules, and let your children know that once the money is gone, the card will not be refilled. This helps them practice discretion and teaches them to make better choices when using their prepaid cards. Having a family pack of prepaid cards makes this process much easier. FamZoo features unique prepaid cards that are designed specifically for families. These convenient cards are affordable, reloadable and the perfect educational tool to teach your children about financial responsibility. With these cards, you can:

  • Create virtual  prepaid card accounts or IOU accounts to track your child’s spending, saving and giving
  • Setup a chore and odd jobs checklist to pay for performance
  • Schedule automatic allowances to limit their spending
  • Make saving goals and track your child’s progression

FamZoo’s prepaid cards are accepted anywhere MasterCard® is accepted. How do you teach or plan to teach your kids about financial responsibility when vacationing?

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3 Responses

  1. I love the idea of getting the kids involved. It’s amazing how much ownership they take in something like this when they have a hand in raising the $$. Whether it’s for a trip or for something they really want, I’m going to give your suggestion a try! Thank you!

    PS: Found you through the Bloggy Mom September Blog Hop!

  2. Stacey says:

    Hi Marie,

    You’re right. The money saving ideas presented here are universal for any situation. Let me know how it goes! Thanks for stopping by.

  3. I would like to thank you for the efforts you have put in writing this site. I’m hoping to see the same high-grade blog posts by you in the future as well. In fact, your creative writing abilities has motivated me to get my own website now 😉

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