Plan A Debt-Free Vacation

SAVE OVER-TIME

Play the long game when planning and saving for a vacation. Put a portion of every paycheck aside to build up a reserve of cash for your trip.

Even saving $25 or $50 a month will help make your trip more affordable. Make sure the amount you're setting aside will provide you with enough vacation cash, too.

Consider opening a separate savings account and automating regular transfers to help you save without thinking about it.

MAKE A FRIENDLY BUDGET

Think of your budget as another companion on your trip.

Make a spending plan. Account for everything from flights and lodging to entertainment and shopping. Your budget might not take you to every museum or restaurant you want; work to find a compromise that makes everyone happy.

MAKE THE MOST OF YOUR CREDIT CARDS

Have a travel credit card or a cash-back card sitting in your wallet? You can take advantage of it before and during your trip. If you don't have one yet and your trip is six months or more away, consider looking into cards with a sign-up bonus that could cover flights or lodging.

Card in hand, spend smart. Say you have a card that gives you cash back on groceries; determine what you spend on groceries annually and earmark those rewards points for your vacation budget.

Article by: SEAN PYLES

Read the entire blog here: https://www.arkansasonline.com/news/2019/jan/08/how-to-plan-a-vacation-and-remain-debt-/?features

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