How To Budget and Plan For a Vacation in 2021

Mother and son on a winter road trip.
Mother and son on a winter road trip.

For many of us, 2021 seems like the light at the end of a long tunnel. We’ve been chilling (primarily indoors) since March, and though it may not yet be the safest idea, many of us have already started thinking about the possibility of a vacation next year. Just a few nights away from home would be nice.

But is it safe to start thinking about a vacation? And when should you start planning? Here’s what you need to know when thinking about your next vacation.

Last updated: Nov. 16, 2020

Shot of a happy young couple embracing while using laptop at home.
Shot of a happy young couple embracing while using laptop at home.

Start Discussing Options Early

While many believed that COVID-19 would be gone by summer, we’re deep into November and there’s no sign that the pandemic will let up anytime soon. There’s no evidence that we’ll be rid of the virus in 2021, either, so you should really sit down and think about whether a vacation at this time is worth it.

These aren’t conversations to be taken lightly. Aside from budgeting concerns, you’ll also want to consider how you’ll be quarantining before and after your vacation and whether the place you’re visiting is at least relatively safe for travel.

Some areas of the country, especially where masks and social distancing haven’t been enforced, are experiencing surges in COVID-19. And many countries aren’t accepting tourists at this time.

Economic despair during Covid
Economic despair during Covid

Research COVID-19 Restrictions at Your Desired Location

Where are you planning to go and what do you want to do while you’re there? These are questions you need to ask yourself before you book a plane ticket or hop in the car.

It’s always good to have a plan, but it’s even more important when some destinations — including major theme parks, tourist spots and restaurants — are closed due to COVID-19.

Las Vegas, for instance, has closed down all of its big-budget shows and almost all of the small ones. Broadway has similarly closed down theaters until May 2021. The best place to visit may be one where there’s a lot of outdoor space and fewer people.

Man in business clothes takes the money cash, concept of income, bribe, bonus, wages or savings.
Man in business clothes takes the money cash, concept of income, bribe, bonus, wages or savings.

Make Sure To Set Aside Money for Travel Insurance

At one point, living on the edge (read: not opting for travel insurance) was an acceptable option for vacations that you were reasonably sure wouldn’t be impacted by an emergency, but those times are over.

If you’re traveling during a pandemic, you’ll definitely want to make sure that whatever trip you’re taking is insured and that COVID-19 is covered. As some people have learned at the beginning of the pandemic, it isn’t always.

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Excited traveling woman in her room at the hotel jumping on the bed and looking at the camera smiling.
Excited traveling woman in her room at the hotel jumping on the bed and looking at the camera smiling.

Pay Extra for Refundable Rooms

It may be tempting to take a small discount on hotel rooms as long as you agree to not ask for a refund, but at a time of uncertainty, that’s not for you. Who knows if your flight will get canceled or the place you really want to visit shuts down? Or what happens if you or someone in your family gets ill? It’s important to be prepared — the peace of mind will be worth the cost.