How to Plan an Unforgettable Holiday Vacation with Your Family

(Photo : How to Plan an Unforgettable Holiday Vacation with Your Family)

With the holiday season right around the corner, it's time to start planning. But instead of going out and buying Christmas gifts ahead of time, why not take the whole family on a vacation? After all, the holiday season is a time where the whole family gets together. Planning a vacation, however, takes a plan, especially during Christmas. Here's how you can plan an unforgettable holiday vacation with your family.

Figure Out Your Itinerary

Obviously, the first step to planning your vacation is to figure out where exactly you should go. With so many places in the world to explore, you can feel a bit overwhelmed. To make this easier and much more enjoyable, get your family involved. See what your family wants to get out of this vacation and try to come to a unanimous decision about where you should go. Here's a brief list to help get you on the right track:

• Bangkok

• Japan

• Italy

• England

• France

• Dubai

• Hong Kong

Get Your Hands on the Right Amount of Money

Single-person vacations are pricey enough, but when the whole family is thrown into a mix, the cost can skyrocket. Although the price may not be the best thing to look at, there are plenty of ways you can afford it with relative ease. From saving money during planning to taking advantages of ways to save during the trip itself. While taking out a loan may seem like the most logical option, a better one involves selling your term life insurance policy.

A term life insurance policy is a temporary form of life insurance. Rather than building up a hefty cash value over the course of years, a term policy gives you a set amount that dwindles with time. This amount of money is determined by the company and how long the policy remains active. You could potentially have a payout in the millions, although that's somewhat rare.

Selling a term life insurance policy can go one or two ways. The first option is giving the policy back to the company for a fraction of the current value. The second option involves getting a life settlement, which is nearly identical to the first option. The only difference is that you're giving the benefits to a third-party buyer in exchange for up to 30 percent of the policy's value. By doing either of these, you should be able to walk away with enough money to give your family the vacation they deserve.

Pack Early

If there's one thing that can be a little frustrating when you are trying to escape the daily grind through travel, it's definitely packing, especially when children are involved. It should go without saying that you should never wait until the last minute to pack. It's best if you pack everything you need at least two weeks before the trip begins. That way, you'll have more time to create a packing list and ensure nothing you need is left behind. It also gives you a chance to pack without feeling overwhelmed and actually enjoy the process.