Travel costs are higher than ever right now, but that doesn't mean you have to sacrifice the vacation you want. By following some simple steps, you can find ways to save on travel, and bring your dream vacation into reach.

In the following video, Motley Fool investment planning editor Lauren Kuczala talks with longtime Fool contributor and financial planner Dan Caplinger about how to save on your next trip. Dan notes that the travel industry has grown reliant on income from fuel surcharges, baggage fees, resort tack-ons, and other ancillary revenue. But by doing research before you buy, Dan shows how you can cut costs on airfare, car rentals, and lodging costs.

Editor's note: The volume levels in some segments of the video are low. We apologize for the inconvenience.