Many people are worried that the world’s economic slum will make it hard to find an affordable vacation. In reality, many luxury vacation resorts are practically giving away packages in an attempt to draw business back. Many people are ditching the idea of a vacation, but we have a few tips for you that can help you get the best trip for your money. So, forget camping in the back yard and get out that pen and paper, because you’ll definitely want to take notes!

First, it is obvious that you’re going to have financial limitations, so it’s best to know these before you even start looking for a vacation. If you’ve only got 500 bucks to spend, bear this in mind as you’re looking so you can easily rule out the trips you can’t afford.

Next, consider what type of vacation you want. Do you want to spend more money on activities and less on accommodation or are you all about relaxing in luxury vacation rentals? It’s always best to have an idea about what you want your vacation to consist of so you can search for the right things.

Don’t feel like you have to vacation within driving distance of your home. As people are traveling less and less, airlines are beginning to sweat. In an attempt to gain a bit of business back, they’re discounting the fares to prices you wouldn’t believe! If you don’t have a specific place in mind, do a Google search for airfare deals. If you’re flexible, you can find truly excellent deals. For instance, an airline might offer a round trip deal from New York to Dublin for $350 with the stipulation that you have to travel between August 1 and October 31. As you can see, the airline is still able to make some profit while bringing in customers, yet they won’t lose out from offering such cheap airfare because they’ve put a time-limit on the deal (which happens to be when the high-travel season comes to a close).

Similar deals can be found with all-inclusive trips, as well. You can usually get a better deal if you book your flights and accommodation through the same company. As you look, you’ll notice that sometimes there are great last-minute deals for the taking, but these are usually more common during the low-travel season.

You may want to consider the option to buy travel insurance. Travel insurance is a great way to protect yourself from financial loss if the airline or hotel you book with goes out of business, you miss your flight, or have to cancel your trip (with a valid reason!). It will also cover your luggage and medical expenses up to a specified amount, as well as emergency transportation and accommodation in the event that your flight is rescheduled or cancelled. For around $20 – 30, you can get decent coverage for a two-week trip, not to mention peace of mind!