If there is something that MBAs love to do even more than financial model, its vacation. Preferably with one another. And Fridays off every week coupled with copious holidays (Spring Break is back, baby!) provide many opportunities to get out of town. But, how can MBA students align taking advantage of these special opportunities (Spring Break is hard to find in the corporate world) with a desire to save cash?
One of the best methods I came across while in school was renting houses instead of staying in hotels. This provided the needed distance to feel like we were getting away, but also had several advantages including:
1. Set-Up—hotel rooms, even if next to one another, are not conducive to hanging out. In contrast, houses have living rooms and dens which provide much better space to relax.
2. Cost-Effective—if you are reading MBA blogs, you no doubt already know about Airbnb and VRBO. When split several ways homes/condos listed on these sites can be very reasonable. In addition to the reduced lodging rate, you also get a kitchen to prepare meals and a refrigerator to keep your booze. Another key cost savings.
3. Variety—the are so many great homes listed on Airbnb and VRBO you will be able to find some really great spots to spend time in, and maybe add to your mental list of features you want for your post-IPO vacation home.
So, despite slim budgets, you can still vacation like you’re employed at your dream job. And be sure to post other ideas for vacationing on the cheap!
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