Make popular destinations less expensive

While it's often enjoyable to take the road less travelled, that doesn't mean you have to abandon all hopes of saving money on your dream vacation. Some serious comparison shopping for hotels and airfare is a must, but here are some additional ways you can stretch your budget.

Go on the shoulder season. It has to be Paris, but does it have to be Paris in the summer? If you've got some flexibility in your planning try the shoulder season instead. That's the period between peak season (when prices are high and you'll find crowds everywhere you turn) and low season (the best deals, but you take your chances with the weather).

When is the best time to go? Try booking your Caribbean getaway in the spring or late fall -- you'll miss the winter sun-seekers and dodge the worst of hurricane season. According to travel expert Tim Leffel, flights to Europe typically go down in price in October, and March to May is a great time to visit hot, dry countries like Jordan. (See his article on Transitions Abroad for full details).

On the flip side, be prepared to pay more if you plan to attend (or travel during) major events like Carnival in Rio de Janeiro or Oktoberfest in Germany, or travel when everyone else is on the road too -- like Christmas or March break.

Look for package deals. You might not be finding the deals on hotels and airfares you were expecting in this economy -- individually, at least. Experts recommend looking at package deals for savings, and to read the details carefully to see what's included. Meals, spa treatments, transit passes or museum tickets can all add value to your trip (if you use them). Something as simple as a good continental breakfast could save $10 a day per person -- money that could be spent on admission fees or transit.