Cruises. Cruises have always been a great value because they provide all the food lodging and much of the entertainment. In this down economy with all the specials on cruises, they might be the overall best value in a vacation, period. You can see the Caribbean, Alaska, Mexico, Europe, China, and more from the comfort of a cruise ship, and possibly pay as little as $75 a day for lodging, food and more.
Cheap vacation lodging tip: Book a rental house or condo for large groups. Unless you are in love with the amenities (like a 24-hour maid, room services, etc.) of a resort, hotel or motel, try renting a condo or home. If you are traveling with a large group, you can split the costs and can cook all your meals in full kitchens. This can save hundreds of dollars and you’ll have more space to relax, too.