1. Travel

Discuss in my forum

Summer Budget Travel Tips

By , About.com Guide

9 of 10

Consider travel insurance for major expenditures
Sean Gallup/Getty Images Sean Gallup/Getty Images
If you're planning a Summer vacation, ask yourself this question: Could I afford to pay for this trip twice? On some getaways, you'll answer a reluctant "yes." But for a major trip, frequently the answer will be negative. If your trip is canceled, chances are you'll find that some of the larger expenditures are non-refundable at the last minute. Many of us are not in a position financially to pay for a trip twice. In those situations, it is best to have some travel insurance that covers a few possibilities that could ruin your plans. Read the terms carefully and ask a lot of questions before you buy.

©2012 About.com. All rights reserved.

A part of The New York Times Company.