The warm summer weather has arrived and many people are ready to hit the road for an enjoyable family vacation. A road trip can be an enjoyable and low budget way to break free of the ordinary, and these trips allow your family to see new sights. However, there is a drawback to traveling by car. If you're not careful, soaring gas prices can put a wrench in your vacation budget. Rather than allowing high gas prices to halt your summer plans, find a way to save money on gas before you hit the road. Here is a look at how you can save money at the pump this summer without sacrificing your family vacation.

SEE: What Determines Gas Prices?

Rent a Fuel-Efficient Car
Rather than taking the family car on vacation with you, rent a fuel-efficient car from a car rental company. Instead of putting extra miles on your vehicle and paying a considerable amount more in gas, opting for a rental car could be a wise choice. Often, a fuel-efficient rental car can save a considerable amount of money at the gas station, particularly if there is a gas guzzler sitting in your garage.

Choose a Destination Where Walking Is an Option
You can help save money on gas by selecting a vacation destination where walking is a viable option. There are plenty of vacation spots where you can enjoy activities with your family within walking distance of your hotel. Rather than hopping in the car and wasting gas, explore your vacation destination on foot. Not only does this allow you to get a real feel for your vacation spot, it is also the healthy option for your family.

A Little Help from an App
Rather than searching the highways while you are driving for the cheapest prices for gasoline, use a smart phone app such as "Gas Buddy." This app provides you with the names and addresses of the cheapest gas stations within a specific mile radius in the United States and Canada. Apps like this take the guess work out of finding the best price of gasoline so that you don't have to hunt down a lower price yourself. There are plenty of other apps that are similar to "Gas Buddy." Select the one that is right for you and begin saving on gas now.

Taking the Route with the Shortest Distance
GPS devices give several routes that you can take to get to your vacation destination. To save money on gas, take the route with the shortest distance. The less distance that you need to cover generally means that you won't have to spend as much money on gas. Additionally, taking the shortest route to your vacation destination means less time in the car, which generally equates to a much happier family.

The Bottom Line
While gas prices remain high, don't let that spoil your family vacation this summer. It is easy to find ways to cut your costs at the gas pump without cutting back on your summer fun. Plan wisely to maximize your savings and you can easily save money on gas. By incorporating common sense with a little financial know-how, you can easily stretch your money and minimize gas costs while on the road this summer.

SEE: How Gas Prices Affect The Economy

Related Articles
  1. Budgeting

    How To Save Money When Moving

    Moving doesn't have to be as expensive as you think. Here are some great ways to save money on moving costs.
  2. Stock Analysis

    How Expensive Is Whole Foods, Really?

    Learn about Whole Foods Market, Inc., and discover how Whole Foods pricing actually compares to that of other grocery store operations.
  3. Stock Analysis

    4 Quick Service Restaurants for Your Portfolio

    Learn about the four quick service restaurants with attractive investment theses and growth prospects that can be valuable additions to your portfolio.
  4. Stock Analysis

    What Makes the 'Share a Coke' Campaign So Successful?

    Understand how Coca-Cola implemented the successful "Share a Coke" campaign. Learn about the top three reasons why the campaign was successful.
  5. Mutual Funds & ETFs

    Top 3 Consumer Cyclical Mutual Funds

    Obtain information on, and analysis of, some of the best performing mutual funds that offer exposure to the consumer cyclicals sector.
  6. Stock Analysis

    The 6 Best Dividend Stocks in the Consumer Staples Sector

    Learn about the top six companies that make an attractive investment for investors looking for stocks for dividend income investing.
  7. Investing

    10 Ways to Effectively Save for the Future

    Savings is as crucial as ever, as we deal with life changes and our needs for the future. Here are some essential steps to get started, now.
  8. Budgeting

    How to Travel to Tokyo on a Budget

    Planning a trip to Tokyo? Here are a few ways that you can make the trip more affordable.
  9. Mutual Funds & ETFs

    Top 3 Commodities Mutual Funds

    Get information about some of the most popular and best-performing mutual funds that are focused on commodity-related investments.
  10. Chart Advisor

    Agriculture Commodities Are In The Bear's Sights

    Agriculture stocks have experienced strong moves higher over recent weeks, but chart patterns on sugar, corn and wheat are suggesting the moves could be short lived.
  1. What does marginal utility tell us about consumer choice?

    In microeconomics, utility represents a way to relate the amount of goods consumed to the amount of happiness or satisfaction ... Read Full Answer >>
  2. What are some common ways product differentiation is achieved?

    There are many ways to achieve product differentiation, some more common than others. Horizontal Differentiation Horizontal ... Read Full Answer >>
  3. How does the trust maker transfer funds into a revocable trust?

    Once a revocable trust is created, a trust maker transfers funds or property into the trust by including them in a list with ... Read Full Answer >>
  4. What is the difference between an OEM (original equipment manufacturer) and a VAR ...

    An original equipment manufacturer (OEM) is a company that manufactures a basic product or a component product, such as a ... Read Full Answer >>
  5. Is the retail sector also affected by seasonal factors?

    Generally speaking, the retail sector is highly seasonal. Almost invariably, sales in the retail sector are highest in the ... Read Full Answer >>
  6. What has the retail sector evolved to its current structure?

    Retail is the catch-all phrase for the sale of final goods to consumers; a retail transaction is considered an "end" and ... Read Full Answer >>

You May Also Like

Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!