In fact, over a third of Americans planning a summer vacation planned to use debt to pay for their trip, according to an April Bankrate survey.
"You have to really think ahead when you're planning a big, big dream trip and ask yourself, 'How much is it going to cost?'"
Yanely Espinal, director of educational outreach at Next Gen Personal Finance, told CNBC at a Your Money event on Oct. 24.
There are myriad resources you can turn to for money-saving advice, from personal blogs to professional travel agents.
Here are three common travel planning myths you can ignore, from Espinal and Cameron Sperance, senior hotels reporter at The Points Guy.
Persons:
Espinal, Cameron Sperance, Guy, there's, Sperance
Organizations:
Finance, CNBC, Google
Locations:
Espinal